Have you ever imagined that machines can think like a human? It is possible with Artificial Intelligence or AI! It basically means the intelligence demonstrated by machines, software and programs. With the development of both business and technology, AI is undergoing a rapid growth. Examples of AI used in business are: automated customer support and personal assistants like Siri or Google Now. But some businesses are also threatened with its rapid development. Take a look at some of these businesses below.
Automation is already part of the manufacturing business in the form of machines and computers. But with the rise of AI and intelligent robots, several jobs in the manufacturing sector are at risk. With greater learning abilities and sensitivity, these robots can easily take over assembly and movement-dependent activities. This puts millions of manufacturing jobs in danger.
An example of AI is the self-driving Smart Transport Robot at BMW, which moves around the manufacturing floor to send communication about any type of critical situation it senses. It is being feared that AI may completely replace human beings, as stated in a quote of Stephen Hawking. However, it is important to be realistic because the human input still has a role to play in the development of AI.
Today, it is common to see the latest computers in banks. But do you know that AI is also threatening the banking sector? Big banks around the world are using AI to meet growing regulatory demands and find solutions to issues like money laundering. Some are already using chatbots to improve their customer service. At some of the leading online casinos like Vegas Spins however, you can always experience a human touch while playing online games or when contacting their customer service team.
In some banks, self-service ATMS are already in place, allowing customers to video chat with an agent if they need assistance during a transaction. With these smart technologies and robots, automation has become a big threat to banking jobs. However, it is important to integrate instead of replacing. A good way to do this is to allow humans and bots to work together, because to some extent, robots cannot sense all the feelings and intentions of a customer.
Are you into the construction business? The use of AI today is reshaping this industry! However, there are millions of jobs in this sector that can be at risk with the rapid growth of AI. Operating engineers can find their jobs in danger of being fully automated. Self-driving cars and other similar technologies are also being created to perform different tasks like excavation, grading and sitework.
But then, not all construction jobs are threatened by AI. The reason is that some tasks cannot be replicated by robots, like those of roofers, construction labourers and sheet metal workers. Still, the presence of AI in the construction business can already be felt, with drones supervising construction sites or smart sensors to track people for instance.
Public Transport Industry
AI is rapidly being applied in different types of businesses and so, public transport is not an exception! Automated and self-driven buses, ships, aircrafts and trucks are a few examples of AI in the public transport industry. If these vehicles are unmanned, drivers will no longer be needed. Millions of drivers can find their jobs at risk.
Plus, underdeveloped and third world countries will have to face a big challenge, because their infrastructures are not yet stable to support these technologies. AI is still a distant reality for them. The growing use of AI can also pose a dilemma for transport companies when it comes to transport costs. To remain a competitor in the sector, they will have to invest more time and money in putting AI technologies in place.
While AI can be a boon to most businesses, it still can pose drawbacks like loss of jobs and lack of resources to put its technologies in place. However, it is important to remember that AI can replace humans only to some extent as they still play an important role in its development.