Workers around the world tense up whenever they hear that new technology is coming to their workplace—this is because so many of us feel that the future of our jobs soon become hopeless due to the arrival of one thing: automation.
Automation encompasses both artificially intelligent robots and incredibly advanced software programs. The reality of this tech takeover shows us that these machines aren't just here to increase productivity within a given industry. In many cases, automation is making certain jobs obsolete.
The Death of Human Employment
To a robot, a job is a job. It doesn't matter the knowledge or skill required to complete one, with the right level of artificial intelligence, a machine can handle any task its been given. Employees, regardless of the industry, should expect to see their job prospects decline. Currently, however, there are some jobs that are more at risk than others. Here are the industries that will likely be hit the worst:
Insurance and Claims Adjusters
The effects of artificial intelligence in the insurance and claims industries are already quite apparent. Many companies are already using artificially intelligent systems to analyze and interpret data, as well as interact with consumers.
Bankers and Tellers
Banking jobs have been under fire since the invention of the ATM. Now, with the rise of consumers using banking apps instead of actually going to the bank, employees like tellers and bankers are finding themselves out of work. It’s highly likely that most of the surviving bank representative and teller jobs will be terminated in the near future, thanks to the rise of artificially intelligent machines.
These machines go far beyond simply conducting cash transactions; they will be capable of processing loans as well as opening accounts. Compared to the costs of hiring humans to perform these tasks, banks stand to save a lot of money by employing robots.
Financial analysts once thought their jobs to be an indispensable part of every industry. However, considering the unerring performance of machines and software, financial analysts don't stand a chance. Human financial analysts are not capable of the error-free track record that robotic financial analysts boast.
This software recognizes and reads trends in data to predict the future and where the market may move. As more consumers and businesses are becoming comfortable trusting their finances to machines, it is no surprise that financial analysts may suffer the worst once automation takes over this industry.
Day Laborers and Construction Workers
Jobs that require manual labor are coming under threat due to the automation takeover. Machines that can automatically perform hard labor are already being used at construction sites. At the rate these machines work, construction sites can replace two or three workers per machine. The sheer capacity of work that these machines can achieve proves that automating this industry is in the best interest of everyone.
Fortunately for human workers, most of these robots and machines still require humans to operate or oversee their work. Workers in this industry won't see their jobs completely terminated, but should still be wary of any new technology.
Retail Employees and Inventory Managers
The grocery worker restocking the cans and boxes in various aisles may soon not even be a human. As robots become a lot more technologically advanced, these machines are capable of completing jobs that used to only require the specialized skills of a human worker: like managing inventory and stocking products.
These automated store workers will audit shelves for misplaced things and out-of-stock things while working to replace these items in the correct location. These kinds of robots will alert the remaining human workers of its findings. Even in the retail world, companies find that turning to tech is in their best interest. These stores themselves stand to save a significant amount of money once they invest in these types of machines. Robots never make mistakes, don't need sick days, and never require healthcare or benefits.
As it stands, factory jobs are barely an option anymore or workers in the United States. Many people cling on to the hope that these factory jobs will become available again. However, with all of the factory jobs that have been taken to international markets, workers in America shouldn't hold their breath waiting for these factory jobs to return.
When it comes to the human manufacturing workforce, companies realize that using robots is the most productive and cost-saving option, no matter what is being manufactured.
What to do?
Employees that are concerned about their job security should invest in developing their skills to give themselves more of an opportunity as artificially intelligent technology makes its way through the working world. For example, if your company begins to use order management software, consider using the time you saved by learning new things. You may even even work on more meaningful tasks.
Looking to the future, employees needn't fear unemployment just yet. As it stands, automation cannot eliminate an entire industry overnight. It may take some jobs here and there, but it’s likely it will make the company you work for run a lot better than it once did.