If there has been one emerging trend in 2023, it’s that automation and AI technology have a significant place in modern society.
With its vast capabilities and varied applications, one concern has been growing traction in recent months - and that’s the security of jobs around the world.
With Rishi Sunak announcing plans to host the world’s first major summit on AI safety around the globe and the UK being one of the world leaders in the sector (ranking third behind only China and the US), it’s clear to see that there are major points to be discussed.
What is the current AI climate?
AI has led to around 50,000 jobs being created in the UK and the economy enjoys a financial boost of £3.7 billion from AI contributions. These numbers are certainly attractive and as the industry continues to grow, they will only improve.
On the other hand, automation is fast gaining a foothold when streamlining time-intensive manual tasks and around 7% of UK jobs are estimated to be replaced by AI in the next five years alone.
The main industries already seeing change are healthcare, entertainment, IT, banking and financial services, retail, e-commerce, real estate, food tech, accounting and bookkeeping, education and law. While the applications will be widely different, for example, plenty of manual labour jobs are seeing a rise in robotic-based AI, the threat to jobs encompasses multiple demographics.
Where can you see AI in the modern workforce?
Right now, jobs in the tertiary sector such as photography and videography are being affected and this is largely due to the inception of high-powered AI editing software like that on offer from CapCut, which has the capabilities to perform any function from speech-to-text to photo restoration.
One of the largest areas being affected is customer service, as more and more businesses are turning to chatbots to meet the needs of the modern consumer and provide fast, intuitive answers to an array of concerns. Data-driven processes are also fast becoming automated, lessening the manpower and time spent on aspects like data entry, storage and analytics.
Why will automation eventually replace jobs?
The current technological climate is pushing more and more businesses to install AI software and processes to minimise the effort put in by human staff, but right now, it is largely implemented as a supporting feature that can up productivity, streamline workflows and even save some costs.
As this type of software is designed to learn and evolve to provide better services each time it's used, its functionality is only going to grow. As it can provide an unprecedented level of proficiency and processing capabilities, the sky is certainly not the limit.
This isn't to say that all roles will be replaced however, but the impact is likely to be felt on a more working class level. Some of the safest individuals in the world will be those with vocational skills that software and machines won’t be able to streamline or replicate.
Find out more and download today at capcut.com
