After completing campus (University studies), the dream of every graduate is to get a job and apply the knowledge that we have amassed. We spend sleepless nights perfecting our CVs, making numerous job applications, and then dropping them off one office at a time.
Finally, when that lucky break manifests and we get a job, we celebrate and start building a career!
Meanwhile, these celebrations could be short lived with Artificial Intelligence (AI) becoming the norm in not only the developed but also the developing countries.
With the current tough financial times, every employer would wish to reduce expenses and operate at the lowest possible costs without necessarily undermining the quality of his/her product.The advance of Artificial Intelligence in the work-place is gradually making this wish come true, with prospects of not having to pay salaries and allowances.
Recent studies by Carl Benedict and Michael Osborne examined the probability of computerization for over 700 jobs.They concluded that “recent developments in machine will put a substantial share of employment, across a wide range of occupations at risk in the near future” The Economist.
A few years back, the thought of having “driverless” cars moving on our streets was only in sci-fi movies and simply out of the realm of reality. However, times do change, many developed countries like France, German, USA,etc are in advanced stages of making and testing prototypes of driverless cars. The car manufacturers predict that these will be available on the market by 2020!
This has left many bus and taxi drivers in those countries worrying their heads off due to the possibility of losing their jobs to machines and computers.
In Uganda, a recent study shows that one-fifth of the employees in bank related jobs could be jobless by 2021, with most banks resorting to mobile banking and the like.
An AI professor at Stanford University recently stated that “We are just seeing the tip of the Iceberg. No office job is safe” The Economist.
This growing popularity of Artificial Intelligence dictates that only those willing to learn and adjust will have a chance, otherwise, a jobless future is imminent.