2023: three ways artificial intelligence will change the world.
Elon Musk’s Optimus robot raising its mechanical arms in the air is certain to be featured prominently in any roundup of 2022.
Musk boldly asserted that artificial intelligence advancements in robotics might lead to a “fundamental revolution of humanity.”
While the realization of his vision may take years, the rapid deployment and development of artificial intelligence are imminent. The future is greeting us, and AI in 2023 promises to be thrilling.
A period of transition and generational shift in Artificial Intelligence.
Despite record-low unemployment rates, organisations continue to struggle to locate personnel, particularly those with the necessary skill sets. It is said that necessity is the mother of invention, and we are currently living in a time of AI necessity. The current labour scarcity, inflationary and recessionary pressures, and rising interest rates will necessitate innovative approaches to labour procurement by businesses.
The majority of this shift will be driven by AI-enabled automation, and the winners in specific niches may be chosen by how well and rapidly they can exploit automation. This is especially true for industries that have already adopted automation, such as accounting, banking, lending, data processing, tech development, and customer support.
As firms respond to market pressures, adoption rates will certainly accelerate. We could expect enterprises aiming for AI adoption completion dates in 2024-2025 to accelerate their efforts.
Although it is impossible to predict all of the repercussions, it is quite probable that corporations will lay off some employees, particularly in positions where automation shows to be a better fit than anticipated. On the other side, organisations will be able to grow at a faster, more sustainable rate, particularly if they are in a rising industry. If they use AI quickly and strategically, firms with a focus on performance will experience improved results and more profitability.
- A multiplicity of AI advancements motivated by necessity will spawn new unicorns
Consider it this way: We can now open Pandora’s box of societal and industrial problems and difficulties without fear because we also possess the technological key to address them. In the future, there will be a constant and quick appearance of innovative solutions to persistent problems. People may have considered these alternatives for quite some time, but we lacked the technical means to implement them. With automation, these concepts can now be realised.
We are also experiencing a shift in the economy and significant changes in our attitude to work. Customers’ thoughts are suddenly wide open and searching for solutions. This lucky alignment of causalities enables once-in-a-generation leaps in the formulation of ideas, particularly when assisted by AI’s anticipated rapid deployment.
A metaverse corporation in China, for instance, is experimenting with a virtual humanoid robot driven by AI as its CEO. As AI adoption accelerates, we will witness an increasing number of audacious breakthroughs, as strange as that may appear.
The next blessing of unicorns will result from the resolution of some of our most intractable challenges.
Not only will automation enable businesses to maintain budgets and achieve growth targets despite tightening market conditions, but it will also have a profound effect on every aspect of life as we know it.
- Artificial intelligence will be the new taste of a globalized workforce
It is patently evident that our relationship with the workplace has fundamentally transformed in the wake of the Great Resignation and silent quitting. Flexibility and work-life balance are crucial for talent retention. Automation fueled by AI will play a crucial role in enabling businesses to offer greater flexibility to employees and allow them to work from anywhere.
Our company has developed Teletype, an AI-driven work collaboration platform that allows us to augment our full-time workforce with part-time workers from anywhere in the world. More and more AI-powered work and collaboration platforms, such as Upwork and Taskrabbit, will rise to prominence as they bridge traditional work with a globalised, remote workforce of the future.
- Waves of AI and hyper-scale automation will strike us
We are already witnessing widespread use of automation for repetitive software robot-performed operations. It may be some time until scalable hardware robotics or consistent automation allow enterprises to oversee all phases of production from hyperscale data centres.
But there will undoubtedly be an increase in automation that expands or improves people’s ability to work.
There may even be an increase in robotic personal assistants to handle monotonous jobs that can be largely automated so that people may work more efficiently. ‘
This will be especially true in areas where repetitive operations take many costly human hours, such as the back office.
As AI technologies become more powerful, the proportion and kind of automation in all job processes will increase dramatically. Few facets of life will be unaffected by AI, and the resulting changes will soon be felt in waves. Organizations will have the difficult decision of picking which wave to ride.
