Posted on September 18 2024
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A recent study suggests that companies might not immediately replace humans for financial, legal, and institutional reasons but eventually will as workers evolve and coexist with emerging technology and employers learn to adapt and use AI's benefits. AI will impact more industries, such as manufacturing, retail, and customer service.
According to a study in Canada in May 2021, 50 per cent of workers with a bachelor's degree or higher will hold jobs highly exposed to AI, four times the rate of 13 per cent for workers with a high school diploma or less.
Unlike in other sectors, the advanced technologies will be used in agriculture that deals with technologies for managing, monitoring, and harvesting crops. They are also used to develop new smart products like autonomous vehicles and personalized services and enrich language processing technologies, including translation and text-to-speech tools.
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AI has evolved a lot in the healthcare sector, improving the industry, including advanced diagnostics, home care services, and new drug treatments. It is also used in predictive care and to streamline administrative tasks.
In education, AI is transforming the teaching sector. Teachers will adopt new tools to enhance the learning experience at all levels and use them in special education classes. AI-powered assistive technologies can break down barriers and empower candidates with disabilities.
The role of AI will be more prominent in jobs like data scientists, machine learning specialists, and software developers as it evolves with time.
Recently, Canadian Air transport security is planning to accelerate the use of AI at airports.
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The government can help workers stay in the workforce by exercising policies that prevent job displacement and promote new job creation. Canada's statistics policy mostly includes AI governance, ethical regulation, and encouraging innovation in research and development.
According to the IBM study, 3,000 executives were surveyed about generative AI, and 75% of respondents said it would give their business a competitive edge. 43% would use AI to make strategic business decisions.
However, not all workers are ready to use AI. The study also claims that 57% of executives had reservations about data security.
Workers across industries, from education to law, are using AI technology to automate their workflows, saving time and promoting productivity.
AI is slowly transforming the labor market, and workers can adapt to this change by upscaling and adapting to the nature.
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