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AI and future Jobs

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AI and future Jobs

  1. 1. AI and Future Jobs Prof. Dr. David Asirvatham Contact: david.asirvatham@taylors.edu.my Scan here to access the presentation
  2. 2. You have reached the end of the presentation! Go to www.menti.com and use the code 9214 3221 https://www.mentimeter.com/s/712c04a1793860defbcc5bf67eafa529/c6583fa3c60b
  3. 3. 2 1. Till what year would you work?......2050/2060/2070? 2. How do you see the world 10/20/30 years from now? 2030 2040 2050
  4. 4. Success of a Nation – Digital Economy LAND + LABOUR CAPITAL + ENERGY TECHNOLOGY Data Science + Artificial Int. + Cybersecurity + Engineering PRIMARY WEALTH CREATING ASSETS 1800 2020
  5. 5. THERE ARE 5 MAJOR TRENDS 23-Oct-21 Dr. David Asirvatham 4
  6. 6. #1 Use of Technology • The use of technology will be everywhere • Technology will enhance Businesses • IoT Devices, Connectivity, Wearable Devices, etc. • Technology will create opportunities 5
  7. 7. #2 Mobile Phone – Central Control • Mobile Phone will become multi-purpose tool • Phone, e-cash, Remote Key, Credit Card, Remote Control, etc. • People prefer to use Mobile Technology • WiFi/Bluetooth service will be come vital 6
  8. 8. #3 Creativity & Innovation • There will be a demand for new products and services in Engineering and Management • New products or services will need new ideas and creativity • We need innovate and re-invent our businesses/products/services • Creativity becomes more important 7
  9. 9. #4 Global Workforce • No borders • Global mobility • Work from anywhere • Multi-culture • Companies will source for talents from all parts of the world 8
  10. 10. #5 Disruptive Technology • Internet & Mobile: – Taxi – Uber, OLA, Grab, etc – Courier – many players – Travel – Ticketing (Skyscanner) and Hotel (Agoda) – Shopping – Lazada, Alladdinstreet, 11thStreet, Amazon, etc. • IoT, Big Data and Cloud...... • Banking....Bitcoin, Alipay, etc. 9
  11. 11. 10 The world of Artificial Intelligence (AI) 10 Next Biggest Disruptor - AI
  12. 12. 11 Jobs that may be “replaced” by AI-based Machines
  13. 13. 12 Police Vehicles New York: Law-enforcement agencies across the city have adopted aerial drones to map crime scenes, monitor large events and aid search-and-rescue operations
  14. 14. 13 Truck Drivers, Shipping Crews & Pilots Major car manufacturers will roll-out driverless cars by 2019/20. No truck drivers or shipping crews? Entire transport system will change 23-Oct-21 Dr. David Asirvatham 13
  15. 15. 14 AI will create new content • Brands like USA Today, CBS and Hearst are already using AI technology to generate content. • Wibbitz offers a software-as-a- service (SaaS) platform that allows publishers to turn written content into video content through AI video production. Content Creation and Journalists
  16. 16. 15 CHEFS • Chef Watson, it’s able to generate entirely new recipes from scratch using an astonishing knowledge of taste chemistry and flavor pairings. • Customize to the taste of individuals • robots like Miso Robotics’ burger- preparing Flippy are capable of preparing meals and serving them up at speeds that human chefs struggle to achieve • Add table delivery drones into the mix and you don’t even need human waiters to deliver the food to customers.
  17. 17. 16 FINANCIAL ANALYSTS, ACCOUNTANTS & BANKERS • AI can spot patterns and make trades faster than even the most eagle-eyed of human analysts. • With billions of dollars (or more) at stake, it’s no wonder that machine learning tools are all the rage, while some estimates suggest that around 30 percent of banking sector jobs will be lost to A.I. within the next decade.
  18. 18. 17 CONSTRUCTION WORKERS OR OTHER MANUAL LABOUR JOBS • bricklaying on construction sites, working in warehouses, or picking fruit and vegetables on a farm, there’s no doubt that a large number of manual labor jobs that once required humans can now be carried out by robots. • Ability to work nonstop without getting tired.
  19. 19. 18 AI will fight challenging diseases • AI and peer-to-peer network of computers could have the capability of solving some of the world's most challenging health problems by collecting and analyzing human molecular data. • Machine-learning technology seeks to identify and analyze illnesses to enable new drugs, treatments and cures at a fraction of the time and cost. Machines to help in Medical treatments
  20. 20. 19 Industry 4.0 Manufacturing Industry will change
  21. 21. 20 AI will aid knowledge workers • AI technology also has the ability to aid employees, especially those in knowledge work. • Tools like Gong, Chorus and Jog are able to record calls made by sales and customer service representatives. This technology can coach customer service workers to speak more effectively. • AI to increasingly support white-collar workers. Humans will need to work with Machines
  22. 22. 21 Transformation of the Manufacturing Industry
  23. 23. 22 Impact of Automation on Jobs
  24. 24. 23 Changes in Workplace by 2030 • Many jobs will be automated • 85M jobs will be displaced; 97M new jobs will be created • 40% of Core Skills will change • Seamless integration between human and machines (IR5.0) • Degrees will become obsolete; Skills become important • Graduates to remain in “beta” mode – continue to learn new skills
  25. 25. 24 AI will probably not make human workers obsolete, at least not for a long time
  26. 26. 25 AI will continue to drive massive innovation that will fuel many existing industries and could have the potential to create many new sectors for growth, ultimately leading to the creation of more jobs
  27. 27. 26 • Eliminating 1M jobs and creating 1M new jobs would appear to have negligible impact. • This would represent a huge economic disruption for the country • Millions of people with their jobs at stake • Re-training and Re-skilling is required
  28. 28. 27 Why the world will change?
  29. 29. 28 IoT, Big Data and AI – the New ‘Superpowers’ In the Digital Universe Linda Misauer , 2017
  30. 30. 29 Growth of Big Data Source: www.hrboss.com
  31. 31. 30 IOT, Big Data and AI Source: I-ON Communication blog
  32. 32. New Digital Divide: Human vs Machine • Machines (AI and ML) will challenge humans • Machines will make decisions – sometime, machine make better decision than humans • Don’t compete with Machines
  33. 33. Education and Technological Skills become key to seek jobs in the Future
  34. 34. Education: Which Skills to Learn?
  35. 35. 34 Top 20 Emerging Jobs by LinkedIn
  36. 36. 35 Tech Jobs
  37. 37. 37 Which skills are important for the future? Future Skills
  38. 38. 38 AI and it’s impact on Workforce
  39. 39. 39 Impact of automation in US (2016-2030)
  40. 40. 40 Teacher-Student Skill Priority Gap
  41. 41. 41 Five Trends shaping the Future of Work
  42. 42. 42 Transforming Universities and Colleges It is predicted that digital collaboration platforms, artificial intelligence, and immersive, mixed reality will be powerful tools to address key teacher needs including: • Transforming classroom time to focus on personalized learning approaches • Purpose-led Learning • Inclusivity, to amplify the abilities of all students • Developing critical skills through socially embedded experiences • Providing immersive and multi-sensory experiences that prime learners for deeper engagement
  43. 43. 43 AI Technology • AI Technology market is flourishing • Startups and the Internet giants are acquiring the AI Technology very quickly (Forrester Research) • AI industry generated $5.78 billion in 2020, and is anticipated to generate $32.62 billion by 2030 • Big Data is the fuel for AI. • More devices are connected to the Internet (IoT), the more data is gathered and analysed using AI
  44. 44. 44 Hottest AI Technologies (by Forrester) 1. Natural Language Generation 2. Speech Recognition 3. Virtual Agents 4. Machine Learning Platform 5. AI-optimised Hardware 6. Decision Management 7. Deep Learning Platforms 8. Biometrics 9. Robotic Process Automation 10. Text Analytics and NLP
  45. 45. 45 Conclusion 1. AI will change the world – it will change the way we live, way we work, and the way we interact. 2. Machines will challenge humans in many areas 3. Machines can make decisions 4. Digital Divide between Humans and Machines 5. Technological Skills will become increasingly vital 6. Human will need to acquire the right future skills 7. Acquire the right skills, so that you are not out of job.
  46. 46. 46 QUIZ: Three Prizes to be won https://kahoot.it/ Wait for PIN:
  47. 47. 47 david.asirvatham@taylors.edu.my
  48. 48. 48 Preparation Links 1. https://www.mentimeter.com/s/712c04a1793860defbcc5bf67eafa529/c6583fa3c60b 2. https://play.kahoot.it/v2/lobby?quizId=b0c77674-d23c-4bbf-a31f-23b4d6e7f7a1 3. http://Kahoot.it 4. https://www.slideshare.net/davidasirvatham/back-to-the-future-v15