Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: 3.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

AI will create 2.3 million jobs by 2020, says Gartner

Author: IANS/Thursday, December 14, 2017/Categories: Technology

AI will create 2.3 million jobs by 2020, says Gartner

New Delhi - Contrary to the popular belief that Artificial Intelligence (AI) will cut physical jobs, a new report by Gartner said by 2020, AI will create 2.3 million jobs, while eliminating 1.8 million.

The number of jobs affected by AI will vary by industry. Through 2019, healthcare, the public sector and education will see continuously growing job demand while manufacturing will be hit the hardest. 

Starting in 2020, AI-related job creation will cross into positive territory, reaching two million net-new jobs in 2025, the report by the research and advisory company said.

"Many significant innovations in the past have been associated with a transition period of temporary job loss, followed by recovery, then business transformation and AI will likely follow this route," Svetlana Sicular, Research Vice President at Gartner, said in a statement.

AI would improve the productivity of many jobs, eliminating millions of middle and low-level positions, but also creating millions more new positions of highly skilled, management and even the entry-level and low-skilled variety.

"Unfortunately, most calamitous warnings of job losses confuse AI with automation -- that overshadows the greatest AI benefit -- AI augmentation -- a combination of human and AI, where both complement each other," Sicular added.

IT leaders should not only focus on the projected net increase of jobs. 

With each investment in AI-enabled technologies, they must take into consideration what jobs will be lost, what jobs will be created, and how it will transform how workers collaborate with others, make decisions and get work done, the report said.

Gartner also predicted AI's impact on the workplace. It said that by 2022, one in five workers engaged in mostly non-routine tasks will rely on AI to do a job.

"Using AI to auto-generate a weekly status report or pick the top five e-mails in your inbox does not have the same wow factor as, say, curing a disease would, which is why these near-term, practical uses go unnoticed," added Craig Roth, Research Vice President at Gartner.

"Companies are just beginning to seize the opportunity to improve non-routine work through AI by applying it to general purpose tools."

Through 2022, multi-channel retailer efforts to replace sales associates through AI will prove unsuccessful, although cashier and operational jobs will be disrupted, the report said, adding that in 2021, AI augmentation will generate $2.9 trillion in business value and recover 6.2 billion hours of worker productivity.

According to Mike Rollings, Research Vice President at Gartner: "Rather than have a machine replicating the steps that a human performs to reach a particular judgment, the entire decision process can be re-factored to use the relative strengths and weaknesses of both machine and human to maximise value generation and redistribute decision making to increase agility."

Print Rate this article:
No rating

Number of views (100)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.