The field of employment will significantly reshape the labor market with profound changes, transformations, and obsolescence issues by 2030. The necessity of proactive efforts, adaptation, and retraining will bring innovation to the nature of work.
In the realm of the digital age, the AI revolution has emerged as a seismic force that transcends science fiction and the very fabric of human existence. Artificial intelligence is simply not a technological leap, but a transformative tool for an era of new innovation and technology with extraordinary possibilities. Artificial intelligence is profoundly influencing the way we live, work, make decisions, and deal with the complexities of life in this rapidly evolving world.
The fascinating capacity of artificial intelligence enables the prospect of personalized experiences that have impacted efficiency and allowed us to instigate complex challenges.
The AI revolution has been a transformative journey. Artificial intelligence is expanding widely across industries from healthcare to finance, automation, data analytics, robotics, speech recognition, autonomous vehicles, accuracy and precision, communication and technology innovation, and 24/7 problem solving.
The advent of artificial intelligence has transformed jobs and industries, posing both opportunities and challenges. Automation enabled by the AI revolution has led to increased efficiency of routine and repetitive tasks with high accuracy and precision, from business, manufacturing, and logistics to finance and healthcare. According to a report by the World Economic Forum, it is estimated that by 2025, AI could create 12 million more jobs than it will displace globally.
On the one hand, artificial intelligence has shown its manifestations in the industrial, automation, healthcare, and financial sectors, which have boosted innovation and competitiveness and boosted economic growth. On the other hand, however, the impacts of artificial intelligence are not uniform, and efficiency comes at the expense of certain tasks that were once performed manually. Potentially displacing jobs in manufacturing, transportation, customer service, and data entry, AI has been significantly impacted by the implementation of AI technologies.
The rapid AI revolution is challenging several sectors poised for significant transformation. Some jobs will be in short supply by 2030. Artificial intelligence brings challenges to traditional employment and work sectors. No wonder the world is in anticipation; around 800 million jobs will disappear worldwide by 2030 due to the AI revolution.
1.Work in transport:
The rise of automation and driverless vehicles is badly transforming the transportation and delivery industry. The AI revolution has taken over and won the race to replace the need for human operators.
By 2030, the autonomous car market will reach 62.4 million units. Estimates of 100,000 job losses per year indicate that a large number of jobs will have the highest impact by 2030, according to the report.
Autonomous vehicles are becoming a reality in the fictional world. A report by Research and Markets highlighted that sales of autonomous vehicles are expected to reach 58 million units in just eight years.
Companies like Tesla and Waymo are contributing to major advances in self-driving technology. This has led to concerns about jobs for taxi drivers, truck drivers, and delivery staff. They have seen demand for their services decline as the AI revolution and AI-driven vehicles take over the need for human operators.
- Work on the production and assembly lines:
Automation and robots are rapidly increasing in the digital age, posing a profound threat to manufacturing and assembly lines. According to a report by the World Economic Forum, statistics estimate that robots could replace 20 million manufacturing jobs worldwide by 2030. Increasing advances in robotics and automation in manufacturing and assembly line work are seriously on the verge of being replaced by AI technologies. About 1.7 million jobs will be lost to AI automation technology in 2024.
The number of robots taking over jobs is expected to exceed 20 million in the next 10 years. Companies are adopting AI-generated autonomous systems to meet their demands for accuracy and speed, but this has led to a serious threat of a decline in demand for human labor services in these roles. By 2030, 20 million manufacturing jobs are expected to be replaced by robots. The estimate shows that for every new robot, 1.6 production jobs will disappear. China plans to build 14 million industrial robots by 2030.
3.Customer Service Representatives:
Chatbots and virtual assistants with artificial intelligence are becoming more widespread as they provide an opportunity for effective and immediate responses to customer inquiries. Companies like IBM and Google are big fans of AI chatbots and virtual assistants and proudly invest heavily in AI customer service. This greatly threatens and challenges the role of human customer service representatives.
According to the report, 30 percent of people worldwide fear that AI could displace their jobs, of which 14 percent have experienced job displacement.
4.Telemarketers:
Rapid advances in AI-driven marketing tools and chatbots are replacing traditional market roles. According to CBS News, there is a list of 20 jobs that are in serious jeopardy and are at the highest level. Businesses are turning to AI technology for efficient and personalized approaches to customers, which has significantly reduced the demand for human telemarketers for outreach efforts.
5.Data entry and administrative work:
Artificial intelligence is becoming more sophisticated in handling data entry and administrative tasks. Artificial intelligence software and automation tools are becoming more adept at processing and managing information tasks such as data entry and filling, reducing paperwork. Data entry tasks are at high risk of displacement as industries adopt AI technology to perform data entry tasks and administrative functions.
6.Retail Jobs :
The retail sector is experiencing a shift in demand and value due to the adoption of automated checkout systems and intelligent inventory management. A 2019 survey predicted that half a million jobs in UK retailing are set to be lost to robots in the next five years. 20% of jobs will be replaced by the AI revolution. Additionally, according to ONS statistics, an estimated 135,000 UK retail cashier jobs are at high risk of being replaced. Retail giants such as Amazon are experimenting with replacing cashier and retail jobs, threatening to replace traditional retail roles.
7: Work in healthcare:
Artificial intelligence in healthcare is bringing an immense revolution to diagnostics and medicine. According to a report by McKinsey Co., 4 percent more healthcare jobs are expected to be automated by 2030.
Artificial intelligence is proven to have the ability to perform the tasks of transcribers, CT scans, X-rays, and radiologists, as well as certain laboratory tasks that impact the breadth of these jobs. Vinod Kholsa has predicted that machines and artificial intelligence technologies will replace 80% of doctors’ healthcare jobs.
According to the WHO, the world will lose 13 million health workers by 2035 due to the increase in the efficiency of treatment and diagnosis of diseases.
- Jobs in accounting and finance:
AI revolutions are becoming more adept at financial and accounting processes.
According to a 2015 calculator report by UK media NPR and Oxford University research, it is predicted that there is a 95% chance of accounting and finance positions being replaced by AI. Artificial intelligence has potentially reduced the demand and need for human involvement in financial and accounting tasks such as data analysis, bookkeeping, and reporting.
A Microsoft report highlighted that 90% of businesses want to use artificial intelligence.
Are you a job killer or creator?
Artificial intelligence is on the rise. The impact of artificial intelligence on employment and job opportunities is at serious risk. A study by McKinsey shows that by 2030, almost 400 to 800 million jobs could be eliminated as a result of AI revolutions. According to a PWC study report, it is estimated that 30% of jobs in the UK could be affected by AI automation by mid-2020.
In light of the above facts and statistical analysis, the question arises:
Is artificial intelligence a job creator or a job killer?
On the one hand, AI is a massive cause of job displacement, but on the other hand, it has the potential to create new jobs and industries. A WEF report shows that AI could replace 85 million jobs worldwide by 2025, but it is also capable of creating 97 million new jobs in various industrial fields.
A PWC report estimates that 30% of jobs in the UK could be affected by AI automation by mid-2020. Another PWC study claimed that artificial intelligence could contribute up to $15.7 trillion to the global economy by 2030 by creating new job opportunities. Additionally, the World Economic Forum’s 2025 report highlighted that AI could create 12 million more jobs than it displaces.
The need for new technologies is therefore always a catalyst for new jobs and innovative creations. If AI leads to the displacement of jobs such as data entry, health care, telemarketers, accountants, bank tellers, assembly line workers, receptionists, travel agents, accountants, cashiers, drivers, warehouse workers, translators, and others, it also contributes to the creation of emerging jobs such as AI ethicists, AI educational consultants, data scientists and analysts, AI system designers, cybersecurity analysts and engineers, chatbot developers, AI marketing analysts, and more.
In short, it is very important to embrace the benefits of technology and adopt strategic solutions to the challenges. The AI system is an ongoing, revolving, and revolutionary system. It is important to embrace technology as a blessing that invests in education with skills that will be in high demand in the future. The key lies with people: AI collaboration lies in workforce planning, adaptive education systems, reskilling, skills development and training, clear communication, adaptive work environments, investment in research and development, and the need for cultural change and thinking. These solutions lead to overall success by maximizing potential, power, increased productivity, and creative innovation.
