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Comsats Atd Expository Group Assigment 1

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59 views8 pages

Comsats Atd Expository Group Assigment 1

this is assignment

Uploaded by

stylishkhan760
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Assignment 1

SUBJECT: EXPOSITORY WRITING

SUBMITTED BY GROUP

Qasim Shabir FA23-BSE- 091,

Salman Ahmad FA23-BSE-098,

Talha Hassan FA23-BSE-117,

Fuzail Bkhari FA23-BSE-103

SUBMITTED TO:

Muneeba Sehr

DATE:23/10/2024

DEPARTMENT OF SOFTWARE ENGENERING

COMSAT UNIVERSITY ISLAMABAD

ABBOTTABAD CAMPUS
GROUP ASSIGNMENT

Table of Contents
"The Role of Artificial Intelligence in the Future Job Market”:................................2
Overview:...................................................................................................2
AI’s Impact on the Job Market:......................................................................2
Impacts of AI on Jobs:..................................................................................2
AI as a Job Creator:..................................................................................2
Enhancing Human Capabilities:..................................................................3
Challenges and Threats to Jobs:...................................................................3
Conclusion:.................................................................................................6
References:.................................................................................................6

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GROUP ASSIGNMENT

"The Role Of Artificial Intelligence In The Future


Job Market”
Overview:
Artificial Intelligence (AI) refers to the development of computer systems capable of
performing tasks that typically require human intelligence. This includes areas like speech
recognition, decision-making, visual perception, and language translation. Over the past few
decades, AI has transitioned from being a theoretical concept to a powerful tool driving
innovation across numerous industries.

AI’s Impact on the Job Market:


The role of AI in the workforce has become
a hot topic of discussion. Many industries,
including healthcare, finance, and
manufacturing, have begun integrating AI to
increase efficiency, reduce costs, and
improve customer experiences. This shift is
reshaping the global job market, with AI playing a dual role: it creates opportunities in new
fields while potentially displacing jobs that involve repetitive or routine tasks.

We will explore the role AI plays in shaping the future job market, analysing both the
opportunities and challenges it brings. The future is uncertain, but understanding AI's
potential impact helps us prepare for the transformations ahead.

Impacts of AI on Jobs:

AI as a Job Creator:
While there are concerns about AI taking over jobs, it's essential to recognize that AI is also
creating new roles. For instance, jobs related to the development, maintenance, and
improvement of AI systems are in high demand. According to a report by the World
Economic Forum, AI could create millions of jobs by 2025 in fields like data analysis,
machine learning, cybersecurity, and AI engineering.

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GROUP ASSIGNMENT

Enhancing Human Capabilities:


Healthcare: AI helps doctors with
diagnosis by analysing medical data at
incredible speeds, enabling faster and
more accurate treatments.

Finance: AI-powered systems handle vast


quantities of data, improving decision-
making in investment strategies.

Education: AI-based tutoring systems assist teachers, providing personalized learning


experiences for students.

New Job Categories: AI has led to the rise of entirely new career paths, including:

Data Scientists: Professionals who analyse large data sets to extract valuable insights.

Machine Learning Engineers: Specialists who design algorithms that allow AI systems to
learn from data.

AI Ethics Experts: Individuals tasked with ensuring that AI systems operate fairly and
without bias.

Challenges and Threats to Jobs:


Automation and Job
Displacement:
AI-driven automation poses a
significant threat to jobs, particularly
those involving routine or manual
tasks. Some sectors are more vulnerable than others, with the following jobs at high risk of
being automated:

Manufacturing: Assembly line jobs are increasingly being handled by robots, reducing
the need for human workers.

Customer Service: Chatbots and AI-powered assistants are replacing human customer
service agents for basic inquiries.

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GROUP ASSIGNMENT

Retail: Automated checkout systems and


AI-driven inventory management are
reducing the demand for cashiers and stock
clerks.

Economic and Social


Consequences:

The displacement of workers due to AI-


driven automation could widen the socioeconomic gap, leading to increased unemployment
and inequality if proper measures are not taken. Entire industries may need to adapt, and
workers will require reskilling to stay relevant. Lower-skilled workers are especially at risk of
being left behind, creating challenges for governments and societies to manage the transition.

Ethical Considerations:

Another challenge AI poses is ethical. As AI systems take on decision-making roles, issues


like algorithmic bias, data privacy, and accountability become critical concerns. Without
proper regulation, AI could lead to unjust treatment in areas like hiring, lending, and law
enforcement.

Outlook: Adaptation and Solutions

Lifelong Learning and Skills Development:


As AI continues to evolve, the key to thriving in the job market will be continuous learning
and adaptation. Workers will need to reskill and upskill to transition into new roles,
particularly in technology-driven fields. Lifelong learning, especially in STEM (Science,
Technology, Engineering, and Mathematics) fields, will be essential for remaining
competitive in the AI-driven job market.

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Government and Corporate Roles:

Governments and corporations


must take active steps to support
workers during this transformation.
This includes:

Government Initiatives:

Developing policies that provide


support for displaced workers, such as retraining programs and unemployment benefits.
Investing in education to prepare future generations for AI-powered industries will also be
critical.

Corporate Responsibility: Companies need to invest in their workforce by offering


training and development opportunities to employees. Creating a culture of continuous
improvement can help ease the transition caused by AI.

New Job Creation in Emerging Fields:

AI is not just replacing jobs; it’s also creating new ones. Fields like robotics, AI development,
cybersecurity, and digital transformation are expanding, offering a wealth of new
opportunities for those who are ready to adapt. Jobs that require creativity, complex problem-
solving, and emotional intelligence will remain relevant, as these are areas where AI still
struggles.

The Future Workforce:

The future workforce will likely involve collaboration between humans and AI, rather than
competition. AI will take over routine tasks, while humans will focus on areas that require

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GROUP ASSIGNMENT

creativity, emotional intelligence, and critical thinking. There is also growing interest in “AI-
assisted jobs,” where AI tools help humans perform their roles more effectively.

Visual Suggestion:

A concept art or futuristic image depicting human-AI collaboration in the workplace.


Alternatively, use a graph predicting future job trends influenced by AI.

Conclusion:
In conclusion, AI is reshaping the future of work in significant ways. While it presents
challenges, particularly in terms of job displacement, it also offers vast opportunities for
growth and innovation. By embracing lifelong learning, fostering collaboration between
humans and AI, and preparing for the changes ahead, societies can harness the full potential
of AI to create a more dynamic and inclusive job market.

References:
1. World Economic Forum (WEF) Reports:

The Future of Jobs Report 2023 | World Economic Forum

2. McKinsey & Company:

The future of work after COVID-19 | McKinsey

3. PwC (PricewaterhouseCoopers):

2024 AI Business Predictions: PwC

4. MIT Technology Review:

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GROUP ASSIGNMENT

Artificial Intelligence - MIT Technology Review

5. Harvard Business Review (HBR):

AI Is Changing Work — and Leaders Need to Adapt

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