AI, Automation, digital platforms, and other innovations are changing the essential nature of work. AI and automation are transforming how businesses communicate with their consumers, and execute their internal processes, reinventing themselves in the way they operate. Understanding these shifts can help innovators, business leaders, and professionals march forward. According to PwC’s Global Artificial Intelligence Study: Exploiting the AI Revolution, AI could contribute up to $15.7 trillion to the global economy by 2030. This article looks at the top industries impacted by AI and how it’s changing the nature of the workforce these industries require.
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Artificial intelligence and automation are the keys to future growth across industries, and the manufacturing sector is no exception to it. Manufacturers are using AI-backed analytics and data to reduce unplanned downtime, enhance efficiency, product quality, and the safety of employees. The PwC research also suggests that around 45% of total economic gains by 2030 will be from product enhancements, stimulating consumer demand.
“People skills must evolve to meet the mandates of fluid, totally new, even unforeseen roles that machines cannot fulfill,” says Jeff Kavanaugh, Senior Partner at Infosys Consulting. AI can significantly enhance the quality and scale of work in the manufacturing industry by improving the capabilities of every manufacturing business function.
The adoption of AI in the manufacturing industry should be seen as a positive development, and fruitful results can be achieved through training and re-skilling the existing workforce. AI and automation will allow humans to focus on activities that generate more value for their roles and the business. Working knowledge of the latest technologies used in manufacturing, combined with the hands-on expertise that the current workforce possesses, can position them at the forefront of the manufacturing industry transformation.
From the advent of Flippy, the robot hamburger chef, to Bingo Box, an entirely unmanned convenience store in China, and Amazon Go, the cashier-less supermarket, the use of robots and AI in the retail sector is growing at a rapid pace. According to IBM, 85% of retail and 79% of consumer products companies aim to use intelligent automation for supply chain planning by 2021. For example, the famous footwear, apparel, and equipment brand, Nike Inc., has designed a system where customers can create their designs and shoes and go out of the store wearing them. This new automated system uses augmented reality, object tracking and projection systems, and voice activation to completely transform the customer’s experience with the brand and its products.
Automation and AI are set to redesign the entire retail industry model and the broader value chain. This transition will result in the emergence of organizations with fewer layers and a better-skilled, and trusted workforce backed by real-time data and analytics. With a more well-rounded team and newer roles that are a hybrid between technology and business, organizations will have a much faster decision-making process.
AI has already entered the real estate industry and is affecting a massive change to this $480 billion industry—from impacting the home search experience to predicting the marketing trends in the real-estate sector.
Artificial Intelligence is already being used to diagnose and treat diseases. For example, IDx-DR is the first-ever autonomous AI system that instantly detects the condition. With the backing of the U.S. Food and Drug Administration (FDA) to provide diagnostic support, it detects signs of diabetic retinopathy in ocular images and then uses an algorithm to create a binary diagnosis in minutes. AI can be extensively used in treating cardiovascular diseases, as well.
The presence of AI will assist medical professionals in diagnosing illnesses faster and, using the data collected from AI algorithms, work on finding better solutions. Therefore, it becomes essential for healthcare providers/radiologists/pathologists to learn and implement these technologies.
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Businesses across industries are investing and banking heavily on AI and related technologies. Large firms are shifting focus to developing AI capabilities and changing business strategy accordingly.
(Source: tractica)
With new opportunities and company growth paths, new roles are being created in every area of business operations. Here are some of the most sought-after AI roles:
(Source: weforum)
To find out which skills have the highest value, and which job roles fit you the best, analyze how your organization is changing, what are the demands from your current role. Keep an eye out for new opportunities that are coming up in your organization. When you connect these dots, you will find that AI, automation, and machine learning are at the core of all new and in-demand opportunities. A recent study from career and hiring data firm, Paysa indicates that 35% percent of the AI roles need a Ph.D., and another 26% require that candidates possess a master’s degree. Industry-specific certifications will help convince prospective employers that you have the right skills and expertise for a job and make you an in-demand professional.
Simplilearn offers a host of programs that equip professionals with much-needed knowledge, and industry-read expertise in these cutting edge technologies. Our Artificial Intelligence Master’s Program, co-developed with IBM, imparts training on the skills needed for a successful career in AI. Throughout this exclusive training program, you'll master Deep Learning, Machine Learning, and the programming languages required to excel in this domain and kick-start your career in Artificial Intelligence.
You can also take-up the AI and Machine Learning courses with Purdue University collaborated with IBM. This program gives you an in-depth knowledge of Python, Deep Learning with the Tensor flow, Natural Language Processing, Speech Recognition, Computer Vision, and Reinforcement Learning.
The comprehensive Post Graduate Program provides you a joint Simplilearn-Purdue certificate, and also, you become entitled to membership at Purdue University Alumni on course completion. IBM is the leading player in AI and Data Science, helping professionals with relevant industry exposure in the field of AI and Data Science, providing a globally recognized certificate, complete access to IBM Watson for hands-on learning and practice. The game-changing PGP program will help you stand in the crowd and grow your career in thriving fields like AI, machine learning and deep learning.
Eshna writes on PMP, PRINCE2, ITIL, ITSM, & Ethical Hacking. She has done her Masters in Journalism and Mass Communication and is a Gold Medalist in the same. A voracious reader, she has penned several articles in leading national newspapers like TOI, HT, and The Telegraph. She loves travelling and photography.
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