EFFECT OF ARTIFICIAL INTELLIGENCE ON THE HUMAN WORKFORCE

Abstract

A lot of discussion and speculation has surrounded the effects of developing technology, especially robots and artificial intelligence (AI), on the nature of labor in the future. Although the possible consequences of these technologies are sometimes exaggerated by the media, it is still difficult to determine their true effects. The purpose of this study is to analyze empirical data on how new technologies are changing the nature of work and how people’s are being affected by these cutting edge technologies. Predictive algorithms are being used by enterprises to improve decision-making processes by automating routine operations and utilizing AI and robots 1, according to available data. Furthermore, the rise of flexible work arrangements like gig and virtual labor is being aided by these technologies 2. Although the future effects of AI on the workplace are yet unknown, its widespread influence in many different industries highlights how important it is. According to research, one-third of all workforce may be at risk of automation by the mid of the 2030s, with people doing repetitive manual work standing to lose the most. Throughout history, worries about how new technology will affect people's ability to make a living have been common, underscoring the ongoing unease over how robots may change the nature of work 3. According to the research, companies implemented automation using AI and robots to cut their workforce in the early 2020s, in response to the COVID-19 epidemic 4. This marked the beginning of the trend's initial phase. The desire to replace manual work with automated systems is growing.