Yingyan Huang is a graduate of Northwestern University and current President at OptoNet Inc. In the following article, Yingyan Huang reviews the how many industries are changing with the advent of artificial intelligence and how with the ever-advancing discoveries within AI, it will likely continue to improve working conditions over time.
It’s understandable why artificial intelligence creates an unnerving feeling in some people. With the recent advancement in this technology, it’s no wonder why some people fear what’s to come.
Yingyan Huang of Northwestern reports that artificial intelligence is set to impact the future of work in the market for jobs, the outlook of businesses, and the workplace overall. The main benefit in the workforce is the efficiency, which it’s analytic capabilities and scheduling capabilities provide.
Three Ways Artificial Intelligence is Already Impacting the Future of Work
According to the statistics of the IBM Global Artificial Intelligence Adoption Index of 2022, the use of artificial intelligence increased by four percentage points for a whopping 35% jump up!
Yingyan Huang of Northwestern explains that more than 1 in 3 organizations as of the year 2022 reported that they were making use of AI technology in some degree. This use took place in a wide variety, since AI can perform in a multitude of settings related to analysis and scheduling.
If the stats aren’t compelling enough, look at the data regarding how much the market for artificial intelligence, in general, has been valued recently. By 2030, it is projected to be well over $1 trillion in worth.
The question is, how did artificial intelligence get so impactful, and what does it mean for the future of human work? Well, the best way to determine this is to look at how improved technology is already affecting our present, explains Yingyan Huang of Northwestern.
With that in mind, Yingyan Huang reviews the impact of AI in the job market, among various workplaces, and within the long-range outlook of business. By learning more about these popular trends, we may be able to better understand how to influence AI in greater capacity for streamlined work in the future.
The Impact of Artificial Intelligence on the Job Market
The most prominent way that AI is said to affect the job market is in the way that business models are being changed. Indeed, new markets are also opening up thanks to the more efficient outcomes of using AI.
For example, cars that drive themselves with the use of artificial intelligence are leading to an uptick in delivery company start-ups. Though this may mean that some human-centered driving jobs could become scarce, such as taxi, Uber services, or food delivery, openings will be made in the programming sector for these self-driving vehicles, or engineering the software needed to improve them.
The Impact of Artificial Intelligence on the Outlook of Business
Yingyan Huang of Northwestern says that in terms of business, the biggest impact artificial intelligence has and will continue to have, is in business strategies. The main asset an artificial intelligence unit represents is automation. A human may not need to be present to complete tasks that AI can do in record timing.
Therefore, businesses must remodel to decide how much to invest in AI services. A business like a tax service may benefit from how quickly AI can handle the processing of data, whereas a retail business will benefit from transitioning to online availability to make the most use of their AI.
The Impact of Artificial Intelligence in the Workplace
In the workplace, Yingyan Huang of Northwestern explains that artificial intelligence is only making the jobs it impacts easier. Virtual assistance is replacing the need for day-planners and even some fields of secretary work with their increasing ability to schedule meetings or manage incoming mail and emails.
AI units can even streamline hiring processes by analyzing the data of a potential employee’s resume and skillset and narrowing down the best candidates before a head of a hiring department needs to even look at the pile of applicants!
Finally, Yingyan Huang of Northwestern reports that robots are collaborative, and designed to work side by side with humans for maximum efficiency. Human workers who had to spend much of their time, energy, and the risk of their health on lifting heavy objects or performing tasks in dangerous environments, can rest easy with AI partners.
In Conclusion
AI and the future of work show no signs of being less intertwined as the years go on. On the contrary, if the present is any way to judge the future, artificial intelligence will be used increasingly in the form of virtual assistance, analytics to predict business strategies, and robotic intelligence working in tandem with humanity.
This may close some traditional job opportunities, but the future is still bright. This statement can be made with confidence – as old jobs close, new ones are opening up in the form of specialized collaborative positions with artificial intelligence.
