Monday, 16 April 2018

Robots to take over the forthcoming jobs

The terror that automation in the shape of robots or artificial intelligence is going to finish jobs is widespread. Nevertheless, it can be difficult to measure just how serious to take the threat. The different information offers different assessments of how many jobs will be lost, while legislators and economists argue that technology creates as many jobs as it destroys, maintaining evenness in employment over the long course.

But is this really true? A new study from the National Bureau of Economic Research aims to add some solid numbers to the debate, looking at the historical effects of robots on employment in the US. Economists Daron Acemoglu and Pascual Restrepo studied the US labor market between 1990 and 2007, looking at employment rates in different areas and industries while controlling for the influence of factors like increased imports from China and the offshoring of jobs.

The technology was and is playing a fundamental role in helping humans work more commendable. Subsequently, automation has become a primary part of business operations. We can predict that robots are soon going to replace many jobs that are today performed by humans. Even the corporate world is also on the cusp of entering the robotic age, let’s sees what pros and cons this technology offers business world.

Now being in 2018, here’s how we assume robots to impact us in the future:-

  • The physical limitations of a human body can only be experienced when the usual components stop working. The future of robotics or AI to be specific focuses on the cyborg. Yes! That is a concept we are working towards where disability by the human body could be countered with robotics- a mechanized arm will have a whole other meaning!
  • Yet another hope for the human mankind, we can definitely expect robots in the nearby future to completely take over dangerous jobs with ease. Robots have already showcased extraordinary bomb-defusing skills in the past and the same mechanism is being introduced so that robots in the future can completely discharge human beings of the necessary ‘‘hazardous jobs’’.
  • An all-Inclusive caretaker that never complains is what robots will be to the human in the present days. Hollywood has already established how robots and human, after all, can maintain a harmonious relationship in this world and quite possibly in the near future- robots will definitely be a part and parcel of our life, taking over activities that human has become too busy for. This can include anything from child or old-age caring to errand running, home cleanup and more.

Although at this point, we can only make wonderful assumptions that we hope comes true- with the steadily advancing technology and AI improvement, robotics in the near future can accomplish much more than we could have ever imagined!

So we can conclude, Robotics could benefit us in more ways than you think. From a progressivity point of view, the advancement of technology will have a positive impact on our society. As technology advances and AI plays an increasingly large role in our lives, society will innovate simultaneously at a continuous pace. The same goes for our potential as humans. We will learn how to handle and manipulate digital technology, using it to its full potential. There will be a huge demand for individuals trained in statistics, computer programming, design and engineering. So actually, robotics will open up the opportunity for many jobs in the future, around 2 million to be more precise.

Ms. Sakshi Chhabra
Assistant Professor
Dept of Management Studies

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