Will AI Replace Humans in the Workplace?

In 2020, the global Artificial Intelligence software market is forecasted to grow 54% annually. AI is a growing presence across many sectors. This has conjured up the fear in many that AI is becoming too powerful. Whilst nobody is sure what AI’s influence on the world will be in the long run, it’s sure to be disruptive. Many believe the disruption will be negative, projecting a future where ‘robots’ take jobs from human workers. But this stance is not definitive. Much evidence has proven that AI can be extremely beneficial to human worker and the corporations they practice in.

A.I market is forecasted to grow by

What is AI?

AI refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term can be applied to any machine that showcases traits associated with the human mind. It’s essentially the act of machine teaching, and machine learning, to create intelligent systems which enhance human development.

How Can AI Help my Business Operations?

Businesses are investing more and more in AI because it cuts costs, advances security, and increases efficiency. Should we be embracing AI within business rather than fear it? With initiatives like Microsoft’s Project Cortex, created to aid and advance people’s abilities and expertise rather than quell or replace them, putting out readily available AI systems for business and home working onto the market, adopting these processes seems like a sensible attitude.

Project Cortex by Microsoft is an advanced AI initiative created to empower people with knowledge and expertise in the apps they use everyday. Project Cortex builds on SharePoint service, to connect Microsoft 365 and external content. This aids information management and streamlines processes; helping employees’ ability to work in a quick and informed manner.

Machine Learning Models Aid

Knowledge Management Systems

Experts are able to teach machines how to process content and transform content into knowledge, creating an organised knowledge network which can be searched and accessed easily.

Content
Services

Processing, tagging, and automatically classifying content provides employees with ready-to-use knowledge and developed content understanding.

The Benefits of AI Processing

AI tools help existing workers gain instant intelligence, empowering them and helping them perform better.This is especially important in areas such as the Healthcare and Legal sectors, where time and accuracy are of paramount importance.

Although many fear the risk of job displacement in the event that AI does take over, evidence has shown that AI is in fact likely to create more jobs than it cuts, primarily by offering new tools to entrepreneurs. In the past century, digitally creative positions such as social media director, app developer, and media director have seen a steady rising trend.

As a matter of fact, we can already see this increase occurring within AI. Jobs such as ‘Trainers’, who teach AI systems how to perform and mimic human behaviour, have started to appear. Automation can also be used to fill empty positions or to perform important and precise jobs more accurately to better help humans in their roles.

Click here for our dedicated pages on Microsoft’s Project Cortex and SharePoint Syntex, the first offering from the project.

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