finance

Artificial intelligence (AI) is becoming more prevalent in today’s world, from chatbots to robots, and its use is expanding rapidly. With this growth comes the prediction that AI will replace millions of human workers as it continues to evolve. Here are the top ten professions that are most under threat. Customer service agents As AI continues to advance, it is predicted that chatbots will become the primary customer service channel for roughly a quarter of companies within the next four years, according to Gartner research. While human customer service agents will still be necessary, they will have to collaborate with AI systems. Accountants According to a Goldman Sachs report, AI could replace the equivalent of 300 million jobs worldwide. In the accounting industry, staff in that area should be concerned about the potential impact of AI. Brett Caraway, an associate professor at the University of Toronto, stated that it will be interesting to see just how disruptive and painful it is to employment and politics in this area. Graphic designers Experts believe that jobs that involve designing and creating images could easily be handed over to AI. A tool called DALL-E already exists, allowing anyone to design whatever they require. However, Harvard Business Review warns that this kind of development may result in hardship and economic pain for some whose jobs are directly impacted and who find it challenging to adapt. Trading and investment jobs Pengcheng Shi, the dean of the Rochester Institute of Technology’s computer science department, compares investment bank jobs with what robots currently do. At an investment bank, individuals are employed after college and work for two or three years as Excel modeling robots. AI, on the other hand, can easily replace these individuals. Finance jobs AI has the potential to replace finance jobs, such as advisers and analysts, who identify trends and examine investment portfolios. Teachers According to experts, in the future, children may be taught by an AI program rather than a human teacher. Although programs like ChatGP can already teach people, they require additional training. Market research analysts AI is capable of analyzing data and predicting outcomes, just like humans who work in this field. Mark Muro, a senior fellow at the Brookings Institute who has researched AI’s impact on these kinds of workers, stated that AI could handle those tasks. Legal jobs According to a Goldman Sachs report, jobs such as paralegals are at risk. More than 40% of jobs in this field could be affected. However, human skills are still required for certain tasks. Media jobs AI can now read, write, and comprehend text-based data. Additionally, it can replace humans on screen. However, it is incapable of making decisions like humans. Technology jobs According to Insider, technology jobs, such as coders, computer programmers, and software engineers, are at the greatest risk of being replaced by AI. While AI may make some tasks easier, the report also noted that worker displacement from automation has historically been offset by the creation of new jobs. In conclusion, while the rise of AI may be concerning for some industries, it’s important to note that history has shown that automation leads to new job creation. As AI continues to advance, we should expect new roles and opportunities to emerge. It is critical to stay abreast of these developments and adapt to the changes. As AI becomes increasingly widespread, it is essential to invest in training and reskilling programs to prepare the workforce for the future.