‘Humans Need Not Apply’ - a video
that recently went viral describes the future of intelligent machines and how
they will disrupt human employability. (https://youtu.be/7Pq-S557XQU)
Famous inventor and futurist, Ray
Kurzweil, predicts that exponential increase in computing power will see
artificial intelligence (AI) surpassing human intelligence in 2045. He
describes this as the ‘Technological Singularity’, because by then, Kurzweil
postulates, self-improving machines will think, act and communicate so quickly
that normal humans will not even comprehend what is going on, and this will
forever change the course of human history.
The rate at which machines are
replacing jobs that require physical labour has gone up significantly since the
Industrial Revolution. Automation and mechanisation has led to replacement of
humans with machines – number of people employed in agriculture has dropped
drastically (while farm production has increased), robots now work on the
assembly line, vending machines are replacing shopkeepers, ATMs have replaced
bank tellers, you find self-check-in kiosks at airports, tele-marketing is
becoming automated, at home we use vacuum cleaners and dishwashers instead of employing
domestic help and so forth.
As machines replaced human labour,
the complexion of the economy changed and knowledge in a domain became the key
ingredient for employability in a services-dominated economy. An engineering,
accountancy, or medical degree almost guaranteed lifelong employment.
Now intelligent machines are
replacing jobs that were earlier available to humans because we had mental or
cognitive abilities that the machines lacked. As this is happening, many 20th
century jobs are disappearing. You now buy an airline ticket from a website
bypassing the travel agent (disintermediation), machine-based diagnostics is
lowering the employment potential in fields like radiology (big-data analysis),
banks are closing branches as banking moves online, with more and more banks
toying with the idea that their future branches will only offer life stage and
life style financial consultancy.
In this scenario, closer than we
think, what we’ll see is ‘academic inflation’, not necessarily in the form of
degrees but in the ability to have and exhibit deep knowledge and profound
understanding in a domain. Only those who can do that will be ‘employable’.
Artificial Intelligence (AI) – the
ability of machines to analyse, reason and learn is once again changing the complexion
of the global economy. And, Artificial General Intelligence, that is a machine
capable of performing any intellectual task a human being can, which may well
become a reality in the next few decades, is going to change it even more
dramatically.
What technology does is that it
makes it possible for fewer humans to do the same amount of work. This leads to
a widening income gap between those who can thrive in a technology driven world
and those who can’t. A person develops an app that can do your taxes and that
person becomes a millionaire while thousands of tax consultants become
unemployed. Thus, technology can skew the income distribution – what economists
call a ‘winner-takes-all-market’. You need to make sure you have the right
skills so that you don't end up a tech- created have-not.
The more important question here is
- will an intelligent machine replace you, or will it amplify you?
As in the past, the answer will
depend on what skills and competencies you learn. Most experts agree that
creativity, empathy, compassion, leadership, diplomacy, adaptability, focus, emotional
maturity, mentoring, nurturing, self-directed learning, deep thinking, ability
to solve complex problems, invention and entrepreneurship are some skills and
competencies that will be much sought after in the age of intelligent machines.
In addition, the ability to make the most of the intelligent machines themselves will be essential to enhance both
the quality and scale of what you do.
For example, highly competent
artisans, writers, musicians, life coaches, personal trainers and nurses will
have a job even in the age of intelligent machines (there will be intense
competition, and hence the high competence as an imperative). However, to enhance the quality and to scale
their businesses, these professionals will need to know how to best deploy
intelligent machines in their vocation.
And, those who can imagine new
products, new services and new industries, then have the ability to commercialise
their idea will definitely flourish in the fast approaching future. Think about
it - before Airbnb and Facebook, did you ever think you needed such services?
And now we can’t imagine life without them.
Uber offers employment possibility
to millions but what impact will driverless cars have on Uber? If you can crack
such problems, your future is secure!
To flourish in the emerging future,
you should not think of the argument as the conundrum of ‘AI vs Me’ but rather the empowering
possibility of ‘AI and Me’.