Not that long ago, people worried artificial intelligence would eliminate human jobs. However, the fear of robots stealing our jobs has dissipated today as understanding grows of the opportunities AI and machine learning brings professionally and technologically.
Researchers at PwC found that, while AI will automate some jobs out of existence, “any job losses from automation are likely to be broadly offset in the long run by new jobs created as a result of the larger and wealthier economy made possible by these new technologies.” In the Future of Jobs Report 2020, the World Economic Forum estimates 85 million jobs will be displaced, yet AI will create 97 million new jobs by 2025.
This is good news for the economy in general — and even better for those looking to work in AI, machine learning or data science.
What is AI, and how is it used?
While more prevalent today, AI and machine learning are still considered emerging technologies for most organizations. They determine how to define and scale projects rooted in computers solving problems. But the technology is forecast to grow at a rapid pace. According to Gartner, the AI software market is expected to reach $62.5 billion in 2022,