Are you a professional in today’s job market curious about your role in an increasingly AI-dominated landscape? Do you want to make sense of the terms “Artificial Intelligence”, “Natural Language Processing”, “Neural Networks?” and how it applies to your specific professional sector?
This article is just the right start for you. This is step one of your journey to launching an illustrious career in AI.
AI — and its related terms — have become buzz words thrown around in board room meetings. But how much do people understand what it stands for? Do you? We’ll consider what AI is and why the world needs more Certified AI Professionals. Let’s begin.
Artificial Intelligence is the capacity of a computer system to perform tasks that are typically associated with intelligent beings e.g. the ability to reason and learn from previous experiences.
Why do we need computer systems to exhibit such human-like traits? Because synthetic systems can perform these operations with higher accuracy and speed than humans. What’s more — computer systems are not burdened by the same level of physical limitations that humans are i.e. they can work 24/7 all week long! In industries where a ton of data processing is done and where quick decision-making is required, this high-level performance is an absolute necessity.
You can further understand why stakeholders are on the hunt for more AI professionals when you consider a 2021 PwC survey that reports that 70% of companies that have fully adopted AI have achieved cost-savings compared to 50% of all companies.
Let us further examine the labor market dynamics and what the transitions mean for you as a professional. Data from McKinsey projects that between 400 million and 800 million individuals could be displaced by automation and need to find new jobs by 2030 around the world. They further estimate that about 50% of all work activities are potentially automatable and that 6 out of 10 occupations have at least 30% of operations that can be automated.
The correct answer to the question, “Can a machine take my job?” is almost certainly “Yes”.
If jobs will be lost to AI, will jobs also be created as a result of AI? Definitely. The World Economic Forum expects…