The Impact of Artificial Intelligence on the Workplace: Current State and Future Perspectives

Abstract

Rapid technological developments in Artificial Intelligence technologies and its multiple applications on the workplace have stoked many fears and speculations in the society about possible job loss. Current studies report no decrease in demand of high-skilled workers associated with AI technologies. Also, there are no evidences that they will displace jobs in the near future. More companies keep on using and scaling AI in nearly every industry. Most of the businesses are getting benefits after implementation of AI. Most of the progress AI made relate to highly-educated and skilled occupations. To develop further, companies should decide which tasks and routines to be performed and delegate them to humans or robots. AI will not only lead to automation, but will also complement labor. Implementation of AI technologies widely across all industries still face challenges. Part of the limitations is technical related, there are also potential issues with data protection, its fraudulent use and cybersecurity are the main challenges to focus. Businesses and authorities should harness AI development and benefit from the increased productivity and working performance. Focus should be on ensuring the transition to new technologies is smooth and stressless.