How AI impacts the job opportunities for BTech graduates
Artificial Intelligence impacts the Career Opportunities for Engineering graduates
Artificial Intelligence has gained lots of attraction in recent times. This is mainly because it has broken the bottleneck of reduced repetitive work, human efficiency, and enhanced work efficiency. As a result, almost every industry in the world is planning to leverage AI or has already implemented it in their business. However, implementing AI ultimately leads to the elimination of a lot of human jobs. In fact, in areas like medical diagnosis, speech translation, and accounting, AI has outperformed humans in every way imaginable. Thus, there is this underlying fear that AI will one day take over most of the job opportunities for the students of top engineering colleges in the world.
Reasons of creating more jobs through AI
1. The Demand for man-machine Hybrid Teams
The future of employment is completely dependent on how well humans and AI blend to create augmented hybrid teams. An AI has strengths like speed, accuracy, computation, etc. A human has strengths like empathy, judgment, cognition, etc. This role will combine these strengths of both AI and humans to generate better business results. It has estimated that new applications of AI-human collaboration could boost employment by 10%in the next few years.
2. Worldwide Employment
Companies that effectively implement AI can generate more money for their businesses. Thus, it leads to higher employee wages, better technology tools, and greater efficiency. With such success, companies can actually spread their reach all over the world. As a result, they will require a global workforce, which again generates huge employment or job opportunities for the students of Best Engineering Colleges in India.
3. AI’s Role in Marketing and Sales
AI has already started playing a significant role in marketing and sales. Through the development of smart databases, AI can help in building effective and large-scale sales forces. Tools like Zendesk and Salesforce, are using AI to develop insights that can help companies in recruiting the right sales teams for their business.
4. AI will help Companies Scale up
AI and machine learning algorithms can wisely use large amounts of big data; it will help companies to perform better. Also, it will increase the employee retention rate and help in new customer acquisition. This will create new job opportunities as companies begin to scale up and grow, and benefit the industry as a whole.
5. AI will Create new Job Positions
A research has been conducted by the students of private engineering colleges in Jaipur which shows that around 50% of the full-time workforce of companies will shrink over the next few years. Although AI will eliminate jobs, it will create a demand for new job positions. For AI to function properly, humans must check work, improve it and manage it. As a result, the new positions will require additional skills for managing the interface between technology and humans.
6. AI Maintenance Jobs
AI is helping businesses operate more efficiently especially in areas like customer service, automation, etc. Some companies even combine AI in all their crucial systems. As AI gets implemented in every industry, the demand for an AI maintenance workforce is going to increase at a much faster pace. Companies would require large amounts of AI developers and engineers to maintain their systems.
7. AI in Robotics
The area of robotics will mark massive growth in the next few years. AI-based robots like non-humanoid land robots, stationary robots, and fully automated aerial drones, are gaining an important business interest from companies globally. This increased demand has opened a lot of job roles for AI robotics engineers.
8. AI Facilitator Role
AI’s increased adoption in companies will see a demand for AI facilitators who will provide businesses to compile their own AI environments. This role will involve the creation of automated environments along with the build systems like virtual assistants. The AI-based environments will help employees work better without compromising on governance, security, data control and compliance.
9. AI in Healthcare
Healthcare is one area where there is a lot of scope for AI applications. It is estimated that it would be one of the biggest winners from AI, where job opportunities could increase by nearly 1 million. In the near future, AI-powered healthcare will be available at a scale and on-demand for the students of Top BTech Colleges. Hence, the requirement for AI-assisted healthcare technician jobs will see an upward growth.
10. AI in the Gaming Industry
The gaming industry is one area where AI applications are immense. Right from game design and development to in-game operations and maintenance, AI plays an indispensable role that is reaping huge rewards for gaming companies. With virtual reality games becoming highly popular, companies are bound to invest a lot of money on AI-based systems. Thus, AI developer jobs in gaming will be in high demand.
11. AI in Automated Transportation
AI is already playing a major role in the automated transportation sector. Companies like Uber and Google are investing millions of dollars into AI-driven self-driving trucks and cars. As this mode of transportation picks up in the future, it must create plenty of vacancies for AI and machine learning engineers.
12. AI in Financial Services
Financial Services companies like banks require AI engineers of engineering colleges Jaipur to develop systems that can identify and mitigate fraud. Also, they are using machine learning based anomaly detection models to monitor transaction requests and identify suspicious activity. Apart from security, AI is being increasingly used in financial marketing. Financial companies are developing systems that can orchestrate customer journeys on their most preferred channels and at the right time. Thus, in the Financial Services sector, the AI job scenario is highly positive.
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