Humans have been developing tools and technologies to help us achieve our goals since the beginning of time. Huge technological breakthroughs have resulted in large adjustments in social structures, as well as how people contribute to society and make a livelihood. Today’s technological advancements are fast allowing much of the labour that is now done by people to be automated. This applies to both blue-collar and white-collar employment, thanks to robotics and the Internet of Things, as well as artificial intelligence. The widespread application of these technologies has sparked widespread worry about job loss. Although technology has almost always made certain occupations obsolete, it has also created new ones. Technology is a collection of tools that are employed in a variety of ways to boost productivity. Some occupations were lost as a result of the Industrial Revolution, but many more were created. It also enhanced society’s overall wealth and began to develop a middle class that could benefit from health, education, and other services previously solely available to the wealthy. It can be difficult to forecast what kind of employment will be created and in what quantities as a result of this new revolution, making the situation appear worse than it is.
This illustration may appear unduly hopeful to some. The new positions need an entirely different skill set – an assembly line worker cannot be transformed into a data scientist overnight, if at all. Despite the fact that the Industrial Revolution lasted several decades, it resulted in immense social upheaval, discontent, and severe hardship for many people. The digital revolution might unfold far more quickly, affecting enormous swaths of a complex, interconnected economy with strong feedback loops. Artificial intelligence (AI) will play a bigger role in how we live, work, and play in the future. However, we are still a long way from a day when computers will completely replace the global workforce, particularly invocations that need parts of the human brain (perception, social intelligence, and creativity). As technology’s breadth and capabilities develop, those that embrace and leverage AI to incorporate efficiency into routine operations while infusing human talents and knowledge into the system are likely to gain the most. Rather than taking an all-or-nothing strategy to boost abilities, embrace the human-in-the-loop method and benefit from the one-two punch of artificial and human intellect while planning for the future.
Whilst, AI still falls short – Surgery is best left in the hands of skilled surgeons, the fine motor skills and capacity to recognise and appraise each scenario are considerably superior to that of any machine. Similarly, AI cannot replace the amount of social intelligence required for HR professionals to connect with candidates and workers and develop healthy relationships. Finally, robots will never be able to match an attorney’s inventiveness or intelligence when it comes to drafting, negotiating, or enforcing complicated contracts. Humans in the loop aids workflow which further combines artificial and human intelligence to complement people and generate a better result than either could separately. To obtain the desired outcome, a person working alongside a machine or computer enters data into the system. Humans train, tune, and test algorithms that get smarter and more accurate over time, and this process form a continuous cycle. Complex AI systems have emerged into tools that are more powerful and efficient than what could be accomplished with purely automated or totally manual systems alone by adding human judgement and preference into the loop.
In order to address the issue of whether AI systems will be able to replace humans, one must first recognise that human psychology and an AI system are fundamentally different.
While both work with cognitive processes including problem-solving, memorization, planning, reasoning, and perception gathering, the human mind is significantly more competent in these simple activities. The human brain is capable of incorporating emotional intelligence, self-awareness, and human experience into various activities, giving each one a distinct flavour. On the other hand, the AI system is currently too immature to learn on its own. Humans must still teach it with data sets in order for it to accomplish various jobs. At the end of the day, artificial intelligence is a creation of the human intellect. Because of human inventiveness, total automation of certain activities is now conceivable. Even while the topic of whether or not humanity will be replaced by AI remains unanswered, we may be comfortable that, for the time being, AI is nowhere near to reaching the level of technological maturity required to take over the human race.
Conclusion:
The subject of AI replacing humans in many areas may never have a definitive solution. Predictions and observations are all we have. Before the negative impacts of AI technology grow too great, it needs ongoing supervision and inspection. AI takeover will be restricted to the exciting tales of dystopian movies and fictitious worlds if adequate rules are in place to protect users. It’s never too early to start thinking about the future. People must challenge themselves to comprehend the data and automation technologies on the horizon now in order to be prepared for tomorrow’s advancements in automation. However, capturing value from automation needs more than just data and technological know-how. The biggest obstacles will be the personnel and organisational adjustments that leaders must implement when automation upends whole business processes, as well as the culture of businesses, which must come to see automation as a dependable productivity lever. Senior executives, on the other hand, will have to “let go” in ways that go against a century of organisational growth.