Generative AI to augment 11 million jobs in the US by 2030
Here, we’ll take a look at how jobs in three key areas – Sales, Marketing & Customer Success; Administration, Finance & Operations; and IT & Engineering – will change with generative AI. Goldman Sachs reported that around 300 million jobs could be affected by generative AI, meaning 18% of work globally could be automated—with more advanced economies heavily impacted than emerging markets. I’m aware that major banks hire presentation designers on both a full-time and contractual basis to generate simplistic yet formal decks that speak to their brands and can entice major prospects and sponsors into buying their products and services. If CoPilot can help us design personalized PowerPoint decks using our own script requirements, businesses don’t need to hire presentation designers anymore. They just need a small team to do the work or force every employee who is going to present data to internal and external clients to make their own decks.
The AI Prompter must have strong written and verbal communication skills, a deep understanding of AI and NLP, and the ability to work well in a team environment. They must also have excellent problem-solving, project management, and analytical skills. The rise of generative artificial intelligence (AI) has for long been criticised for its potential impact on the job market, as people fear losing their jobs or seeing the most valuable parts of their daily tasks automated by computer systems. In low-income countries, only 0.4% of positions held by humans face risks of automation. While, in the flip side, ~5.5% of the positions held by humans in high-income countries also face risks of automation.
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“Machines can do that. So, then, great — let them analyze the data and find the patterns. Then how to apply those patterns can be at my discretion and could also be helped by a machine.” While AI has been used for more than 50 years, generative AI — the algorithm’s ability to generate text, images, or other media — has become a highly sought-after capability, according to Erick Brethenoux, Gartner distinguished vice president analyst. AI was the fastest-growing category on Upwork in the first half of 2023, with generative AI job posts up more than 1000% in the second quarter of this year compared to the end of 2022; related searches increased more than 1500% in the same time period. Accounting is generally viewed as a stable profession, but even employees in this industry could be at risk.
On social network and professional networking site LinkedIn, the share of job postings mentioning GPT or ChatGPT increased nearly six-fold from May 2022 to May 2023. And the number of LinkedIn members who hold, or have been holding, “head of AI” positions has nearly tripled in the last five years. Experts say ChatGPT could upend jobs Yakov Livshits across a range of Wall Street industries, from trading to investment banking. “AI can identify trends in the market, highlight what investments in a portfolio are doing better and worse, communicate all that, and then use various other forms of data by, say, a financial company to forecast a better investment mix,” Muro said.
How to start a career in AI
Then yesterday, the WSJ reported that the company had started restricting use of OpenAI’s ChatGPT and other external generative AI tools for some employees over concerns of proprietary data leaking out through the platforms. Generative AI jobs require specialized skills and knowledge that can change rapidly as technology evolves. Raw data has to be prepped before it can be used, and Data Engineers build pipelines that automatically collect, clean, and format data for analysis.
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A prolific businessman and investor, and the founder of several large companies in Israel, the USA and the UAE, Yakov’s corporation comprises over 2,000 employees all over the world. He graduated from the University of Oxford in the UK and Technion in Israel, before moving on to study complex systems science at NECSI in the USA. Yakov has a Masters in Software Development.
From the smartphones that we use to the cars that we drive, AI has taken center stage among all fields of technology. Not only that, you have unknowingly been using AI in your daily life in some way or the other. Now, the biggest question that people are asking is — “Will AI replace humans and take over our jobs? ” If this is something you are concerned about, have a look at what the International Labor Organization (ILO) has to say with regard to this. In the area of Administration, Finance & Operations, generative AI can be used to generate task lists for efficient execution of a given activity.
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Upwork determined the top AI hires by looking at each job posting and the skills freelance job seekers attached to their online profile; that included gen AI tools, like ChatGPT. The studies also documented the AI skills most sought by organizations who hope to use the technology to boost efficiency and production by augmenting and/or automating employee tasks. In a December Harvard Business Review post, three professors pointed to DALL-E, an AI tool that can generate images in seconds, as a potential disruptor of the graphic design industry. Like market research analysts, financial analysts, personal financial advisors, and other jobs in personal finance that require manipulating significant amounts of numerical data can be affected by AI, Muro, the researcher at The Brookings Institute, said. But again, AI won’t fully be able to automate these jobs since it requires a degree of human judgement to understand what a client or employer wants.
AAPL providers leadership development programs designed to retain valuable team members and improve patient outcomes. Companies should always be mindful of how much data they are collecting and whether its use is replicating the biases of the AI system. Customer service representatives can learn to spot issues of data privacy and elevate them to supervisors quickly. They can also test new uses of the system for potential biases, a task for which their testing of avatars should help prepare them. “And we have a shortage of healthcare professionals. And so those folks should actually see perhaps more meaning in their jobs and would not be, you know, laid off or lose value in their jobs”.
One of the primary advantages of generative-AI technology is the boost in productivity it offers to workers. Repetitive and time-consuming tasks that previously required manual labor can now be automated. This allows employees Yakov Livshits to focus on higher-value activities that require creativity, critical thinking, and problem-solving skills. As a result, workers become more efficient, leading to enhanced overall performance for businesses.