University MBA: Future of Work Presentation - People Module

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Added on  2022/10/11

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AI Summary
This presentation explores the transformative impact of Artificial Intelligence (AI) on the future of work. It begins by highlighting the competitive advantages for companies adopting AI and the anxieties it creates for displaced workers. The presentation identifies occupations at risk and contrasts them with those less susceptible to disruption. It discusses how AI is perceived, its potential to create more jobs than it eliminates, and its role in automating tasks. The advantages of AI, such as increased productivity and profitability, are outlined, along with strategies for businesses and governments to benefit from AI while addressing fairness and social disparities. The presentation emphasizes the need for educational reforms, particularly in STEM fields, and the importance of humans developing skills in creativity and connection. It concludes by offering actionable steps for individuals, organizations, and society to prepare for the changing job landscape, advocating for continuous learning and adaptability to remain relevant in the evolving workplace. The presentation is based on the assignment brief which requires a video presentation on the future of work, focusing on AI and its impact.
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Slide 1: How AI will impact workforce in future?
The first companies that use AI technologies in their entirety can achieve competitive
advantage, increasing operating costs and eliminate headcounts. Although this could be
beneficial from a business point of view, it is evident that this creates anxiety for those engaged
in displacement positions.
The implementation of these technologies would probably lead to a conflict with labor
and the security of workers, due to significant organizational adjustments.
Slide 1: Who are at risk?
While AI impacts all businesses in one way or another, not all workers are at equal risk.
Occupations in the transport organization may be at even bigger risk, whereas occupations with
the lowest chances of disruption are personal, psychological or literary.
Slide 2: How people perceive AI?
Most companies and people were hopeful that the AI-led transition in the workforce will
give rise to more employments than to losses. Artificial intelligence is expected to quickly
substitute repetitive and basic activities to solve the problems and even go far beyond current
human capacities. AI algorithms can assess instead of people throughout manufacturing settings,
customer service positions and financial institutions. Tasks such as authorization of loans or
whether a client is on board and detecting bribery or financial crime are the responsibility of
Automated Decision making.
Slide 3: What are the advantages offered?
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As a result of increased development, businesses would benefit from intensification in the
productivity, contributing to more profits. This therefore provides extra money to support
employment in the services sector.
Slide 4: How to get benefited from AI?
Business needs to overcome the faith and unfairness problems of AI by integrating them
efficiently and effectively, which helps everybody to get benefitted. Governments should ensure
that AI advances are widely shared through society in order to avoid social disparities between
those affected or unimpacted by this development. This could, for example, be done by spending
on education and training.
Artificial intelligence could change the world in the workplace as well as outside.
Instantly, companies need to adopt the most powerful AI technologies to improve and enhance
people's intelligence, rather than focusing on the concerns of automation.
Slide 6: The future is automated. How we can prepare for it?
To use AI's capabilities properly, both educationally and in industry, they need to deal
with this issue. Education systems necessities to emphasize on the training students whose roles
are directly linked to the work of AI, and along with those programmers and data
analysts. STEM topics (science, engineering, technology and mathematics) must be given further
emphasis on this. Although artificial intelligence is more competitive for repetitive tasks than
human workers, humans often outweigh machines at jobs that require connection creation and
creativity.
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Slide 7: What do we need to do as individuals, organisations, industries, society to prepare
for the changes associated with the future of work issue; how will this impact you
personally?
Although, AI has the power to change the job landscape forever, however, that does not
mean that there will not be any job or work opportunities for people. Technology restores and
create opportunity for jobs. Therefore, as the role of automated machines like computers evolve
in the workplace, similarly, workers and employees needs to evolve their roles. One can prepare
himself or herself by learning the ways to improve and learn new skills every day. One should
find ways to interact and assist with the successful outcome of the new technology. All of these
strategies helps people to avoid becoming obsolete in the workplace.
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