Techie interested in social good. For example, email spam is detected by machine learning, a subset of AI.
Blog Post Do we understand the impact of artificial intelligence on employment? Artificial intelligence is already transforming the world of work, but the future is hard to predict.
Some see most jobs at risk of automatisation, while others argue robots will only take on a narrow range of tasks in the coming decades. Nevertheless, we need a broad debate to prepare the appropriate economic policy response to the new industrial revolution.
April 27, Topic: Thanks to complex virtual learning techniques, machines are now able to perform a wide range of physical and cognitive tasks. And the efficiency and accuracy of their work is expected to increase as AI systems advance through machine learning, big data and increased computational power.
The benefits are clear, but there are also concerns for the future of human work and employment.
In general, automation affects employment in two opposing ways: Negatively — by directly displacing workers from tasks they were previously performing displacement effect Positively — by increasing the demand for labour in other industries or jobs that arise due to automation productivity effect So, the real question is which of the two effects will dominate in the AI era.
Some interesting case studies are reported by The Economist: However, the result was that cloth became cheaper, and demand for it increased.
This created four times more jobs in the long run. The introduction of automobiles in daily life led to a decline in horse-related jobs. However, new industries emerged resulting in a positive impact on employment.
It was not only that the automobile industry itself grew fast, increasing the available jobs in the sector.
Jobs were also created in different sectors because of the growing number of vehicles on the roads. For example, new jobs were created in the motel and fast-food industries that arose to serve motorists and truck drivers.
So, past cases suggest that in the short run the displacement effect may dominate.
But, in the longer run, when markets and society are fully adapted to major automation shocks, the productivity effect can dominate and lead to a positive impact on employment.
The invention of cars and automatic looms was long ago, but the Economist article also presents similar case studies of more recent technological developments. The introduction of software capable of analysing large volumes of legal documents reduced the cost of search but increased demand for it.
As a result, the number of legal clerks who before the implementation of the software had to search for the legal documents manually in a more time consuming way increased by 1.
Automated teller machines ATMs might have been expected to significantly reduce the number of bank clerks by taking over some of their routine tasks. Indeed, in the USA their average number fell from 20 per branch in to 13 in But that also reduced the cost of running a bank branch, allowing banks to open more branches in response to customer demand.
So, even in more recent examples, we see that technology leads to new employment opportunities in a way that we could not even imagine few decades ago. The automation of shopping through e-commerce, along with more accurate recommendations, encourages people to buy more and has increased overall employment in retail.
See Marcus and Petropoulos, for relevant statistics and policy discussion.Apr 28, · Entertainment, society, healthcare, artificial intelligence is gradually taking over all spheres of life.
However, as robots rise and technology takes the lead, we're left with one pressing. There has been a dramatically increasing interest in Artificial Intelligence (AI) in recent years. AI has been successfully applied to societal challenge problems and it has a great potential to provide tremendous social good in the future.
Artificial Intelligence News. Everything on AI including futuristic robots with artificial intelligence, computer models of human intelligence and more. Artificial intelligence (AI) powers many gadgets, like smartphones, smart thermostats and voice-activated virtual assistants that bring modern conveniences to daily life.
Increasingly, AI is also being used to tackle critical social challenges. Benefits & Risks of Artificial Intelligence “ Everything we love about civilization is a product of intelligence, so amplifying our human intelligence with artificial intelligence has the potential of helping civilization flourish like never before – as long as we manage to keep the technology beneficial.
Artificial intelligence is already transforming the world of work, but the future is hard to predict. Some see most jobs at risk of automatisation, while others argue robots will only take on a narrow range of tasks in the coming decades.
Nevertheless, we need a broad debate to prepare the appropriate economic policy response to the new industrial revolution.