Nilgiri
INT'L MOD
- Aug 4, 2015
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From a business standpoint, I don't think AI will replace the human workforce in its totality, as you pointed out, as it's impossible. However, it will replace the menial jobs we do at the office. I'm dealing with a client on the manufacturing side using AI, and it's a give-and-take sort of situation. However, it will complement the work we are currently doing, carrying out some grunt work.
The insurance industry, which is acting as my premium float for other businesses, is seeing rapid AI adoption, and it's paying us dividends in increased profits and margins from rating (actuarial work), underwriting, loss control, adjusting for claims, auditing, etc.
Yes actually AI can create a lot more (human) jobs in sectors too as new things (governing human time and our subjective value/preferences that dictates economics etc).... are unlocked. Other sectors will be more straightforward attrition and replacement by AI.
But human jobs are not going away, things will just shift over time.