Industries most affected by AI advancements

AI is having a transformative effect on the healthcare industry. | Freepik

AI is having a transformative effect on the healthcare industry. | Freepik

Published May 3, 2024


Artificial intelligence (AI) is making an ever-increasing impact across a variety of industries – driving innovation and improving efficiency. But it is also raising serious concerns about job security for human workers.

In the manufacturing sector, the advent of AI-powered robots and automation has seen repetitive and mundane tasks that were previously performed by humans now being taken over by machines. While this has led to improved productivity and reduced costs, it has also made certain job roles redundant.

However, the sector is also seeing a growing need for individuals with the skills to operate and maintain these new systems – with technicians, engineers and data analysts in high demand as companies seek to optimise their AI-driven operations.

Healthcare is another industry where AI is having a transformative effect. AI-powered tools and algorithms are being developed to aid in diagnosis, treatment and drug discovery. For example, machine learning algorithms can analyse medical images and assist doctors in detecting diseases with greater accuracy. This not only improves patient outcomes, it also frees up healthcare professionals to focus on more complex tasks.

However, concerns have been raised about the potential ethical implications of relying too heavily on AI in healthcare. The fear of misdiagnosis or errors in treatment due to AI algorithms is a valid concern that needs to be addressed. Striking the right balance between human expertise and AI assistance is crucial to ensure the best possible healthcare outcomes.

The customer service industry is also being significantly impacted by AI advancements. Chatbots and virtual assistants powered by AI are increasingly being utilised to handle customer inquiries and support. These AI systems can provide quick and accurate responses, improving customer satisfaction and reducing the need for human agents to handle routine queries.

While this may lead to job displacement for some customer service representatives, it also opens up opportunities for them to take on more complex and higher-value tasks. Customer service agents can specialise in handling complex issues that require human empathy and problem-solving skills - providing a personalised experience that AI cannot replicate.

Jobs interventions

As AI continues to reshape the job market, governments around the world are recognising the need to address its impact and support workers through this transition.

One approach is to invest in re-skilling and up-skilling programmes to ensure that individuals can adapt to the changing demands of the job market. Additionally, governments should collaborate with educational institutions and industry leaders to develop comprehensive training programmes that cater to the specific needs of different industries.

Governments can also develop policies and regulations that ensure the responsible deployment of AI. These policies would address concerns related to data privacy, algorithmic bias and job displacement, while establishing guidelines for ethical AI practices.

Furthermore, governments can play a crucial role in fostering collaboration between industry stakeholders, academia and policymakers to help shape the future of AI in a way that benefits society as a whole.

* Supplied by Gestaldt Consulting Group