If you spend any time on the internet, it’s hard to avoid media headlines warning that artificial intelligence is coming for your job. What these stories seldom cover is just how many examples there are of AI and automation acting as catalysts to create more jobs with higher wages. This is likely because tales of success aren’t nearly as exciting as the “robots will steal your job” narrative that is rehashed every time technology takes a leap forward.
New technology is often intimidating, but when you put things into perspective, advancing technology has been driving development since humans started using sharp rocks to hunt and wheels to transport goods.
Much like vaping or virtual reality (VR) headsets, it’s too soon to measure the long-term impact that AI and automation will have on our lives. However, there are emerging statistics that point towards the positive. A Deloitte study in the United Kingdom found that while technology had contributed to the loss of over 800,000 lower-skilled jobs, there was evidence that it helped to create nearly 3.5 million new jobs in their place. Love it, hate it, or love to hate it, technology is changing the way that we live and work.
How do you feel about the digital revolution?
Do innovation and technology go hand in hand with digital transformation?