Artificial Intelligence (AI) has been a buzzword in the world of business for a few years now. However, the industry surrounding this new technology has not yet managed to truly break through. With the arrival of 5G, the number of connected devices skyrocketing, cloud technology becoming mainstream, and the AI talent pool gradually maturing, that is about to change drastically.
A 2016 study by the World Economic Forum estimates that the Fourth Industrial Revolution will lead to the loss of over five million jobs in 15 developed countries. This report projects that these labor cost savings will result from redundancy, automation, or disintermediation enabled by cutting-edge digital technologies like Artificial Intelligence, Machine Learning, and Robotics. What’s particularly noteworthy is that the majority of these job cuts aren’t anticipated in the manufacturing area, but in the office and administrative functions. Surprising? Not really.
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