AI technology is making headway in businesses and there are AI replacing jobs statistics to back it up.
The AI revolution is continuing to expand as 4 million industrial robots are already out and that number looks set to increase by 40,000 each year. It’s unsurprising that 37% of workers worry they’ll end up losing their job due to AI technology taking over traditionally human roles.
Even IBM CEO Arvind Krishna thinks the aggressive pace of the new-age technology might soon take over, “clerical white-collar work” reported by Mint.
This AI replacing jobs statistics should serve as a wake-up call for those concerned about their future employment prospects.
AI Replacing Jobs Statistics
- 85 million jobs will be lost to automation worldwide by 2025.
- Automation threatens the employment of about 36 million Americans.
- 37% of workers fear losing their jobs as a result of automation.
- By 2030, 40% or more of workers with low levels of education will be laid off, compared to 10% of workers with high levels of education.
- By 2040, automation will cause a 12 million job loss in Europe.
How many jobs will be eliminated by AI?
By 2025, automation could eliminate up to 85 million jobs globally, according to the World Economic Forum.
This is a frightening figure, as it implies that tens of millions of people may be unemployed through no fault of their own.
Businesses and employers may need to find ways to re-skill or repurpose these employees while navigating the transition in order to avoid costly job market disturbances.
Furthermore, governments must come together to ensure that assistance and support services are established in order to help those employees most affected by this change in labor demand and supply.
How many jobs will AI create and replace?
Artificial Intelligence is changing the way we work, and in a big way.
By 2025, an estimated 85 million jobs worldwide could be lost to automation. That’s a scary sounding number for sure; however, it’s tempered quite a bit by the fact that 97 million new jobs are projected to be created due to this increased use of AI.
Many old work responsibilities may become obsolete, but as technology progresses, so will the types of occupations available across many different industries.
In fact, areas such as healthcare and education are already seeing growth in AI-related employment opportunities and even more changes to come.
Will AI destroy more jobs than it creates?
An ongoing debate exists on the use of Artificial Intelligence and its impact on job productivity. Many worry that AI could create more unemployment than new opportunities.
But the consensus opinion is that overall, AI will create more jobs than it destroys.
According to recent studies, almost 85 million jobs will be lost due to automation by 2025, yet at the same time another 97 million new roles will be created as a result.
They may differ from current positions and require upskilling, but these new tasks are necessary for an economy driven forward by technology innovations.
These frightening notions of workplaces led by robots should be dispelled by a combination of workforce retraining and collaboration with advanced technology and companies.
How Artificial Intelligence Is Changing the Workplace
We’ve all heard about the potential of artificial intelligence to revolutionize certain industries, but what does that mean for jobs? Some experts have predicted that AI will replace many existing jobs in the near future, especially those involving repetitive and mundane tasks.
Let’s take a look at which jobs are most likely to be replaced by AI technology.
Manufacturing is one of the industries most likely to be impacted by AI in the near future. Automation has already been replacing human labor in factories for some time now, with industrial robots performing tasks such as welding, assembly and packing.
The development of more advanced “cobots”—robots designed to work alongside humans—will accelerate this trend even further.
The automated checkout tills found in supermarkets are only the beginning; AI-enabled facial recognition technology is being developed that could detect when a customer enters a store, recognize them and charge them for their purchases without any human interaction.
This technology could eventually replace cashiers completely.
Self-driving cars are making rapid progress towards becoming mainstream, which means that taxi drivers and delivery drivers may soon find themselves out of work as autonomous vehicles take over these roles.
In addition, drones may also eventually be used to deliver goods directly to customers’ doors.
Translation services are increasingly relying on AI technology to perform language translations quickly and accurately.
Machine learning algorithms can learn from large datasets and quickly become proficient in multiple languages; they can also translate conversations in real-time without any need for human intervention.
This makes them more efficient than human translators and eliminates potential errors due to human error or bias.
Many companies already use AI-powered proofreading software to check documents for spelling and grammar errors before they go out into the world; however, some software is starting to become adept at catching other types of errors too, such as inappropriate language or factual inaccuracies.
As this software becomes more sophisticated, it could eventually replace human proofreaders entirely.