Artificial intelligence is increasingly being integrated into various job functions, raising questions about which roles might be eliminated and what workers need to do to safeguard their careers, analysts say.
Companies are doubling down on harnessing the power of AI by creating top-level roles, such as that of a chief AI officer and chief data and analytics officer, sharpening their focus on the technology to reap its benefits, Arun Chandrasekaran, vice president at research firm Gartner, told The National.
"AI has been a domain with a continued increase in new role creation ... and can benefit a broad suite of roles within the enterprise. Almost all functions within the enterprise will be impacted by AI, although the degree of impact would vary," he said.
"As many of the routine and low-level tasks get automated, it frees up time for tech workers to focus on more value-added tasks that have a direct impact on business value."
Roles such as AI engineers, data scientists and data engineers are becoming sought after. And titles such AI ethicists and AI architects are expected to become more common, Mr Chandrasekaran said.
Those who embrace AI are expected to benefit, and those who behind the curve need to upskill or their services "might get compared with AI-enabled intelligent machines", said Harish Dunakhe, senior research director at the International Data Corporation, said.
"Most jobs that perform repetitive and mundane tasks are getting automated by robotic process automation. However, the intelligent automation is fundamentally questioning the ‘need’ for many tasks and hence many jobs and roles are getting eliminated," he told The National.
A recent report by Goldman Sachs said AI could cost the world the equivalent of 300 million full-time jobs across major economies.
The growing adoption of AI technology can help boost global economic growth — annual global gross domestic product could grow 7 per cent in the 10 years after at least half of companies worldwide use AI — and raise labour productivity, the US investment bank's report found.
AI in the workplace is not new — bots being used in customer service roles and self-driving cars are among good examples — but it has significantly gained momentum with the advent of generative AI, which is seen to potentially replace human roles.
The technology — made popular by the OpenAI's ChatGPT — can produce various kinds of data, including audio, code, images, text, simulations, 3D objects and videos. While it takes cues from existing data, it is also capable of generating new and unexpected outputs, according to GenerativeAI.net.
Investors poured in more than $4.2 billion through 215 deals into generative AI start-ups in 2021 and 2022 after interest surged in 2019, data from CB Insights showed.
About $586 million in 20 deals during the same period has gone to generative interfaces, it said.
It has also caught the attention of Twitter chief executive Elon Musk, who this week said he plans to develop a new "truth-seeking" generative AI platform to challenge Microsoft-backed ChatGPT and Google’s Bard.
Indeed, AI has already disrupted the workforce, particularly in lower-level roles, but it is still uncertain how it would affect jobs at higher levels, especially in tasks that still require human intervention for operations to function properly and safely.
"AI has taken away the need for many less advanced, [mid-level] roles that can now be automated which has had a big impact on these types of roles, but we are yet to see AI significantly impact more advanced roles," John Armstrong, founder and managing director of Dubai-based recruitment firm JCA Associates, told The National.
"A jumbo jet can fly itself, but still requires a pilot and support crew."
Non-IT jobs across industries such as retail, manufacturing, transportation, oil and gas, finance, logistics and shipping are expected to undergo a massive transformation since business processes would rapidly change with AI being at the core, IDC's Mr Dunakhe said.
We are yet to see AI significantly impact more advanced roles ... a jumbo jet can fly itself, but still requires a pilot and support crew
John Armstrong,
founder and managing director of JCA Associates
"Jobs that deal with organisational data to analyse and present relevant information, or identify meaningful insights and patterns from the data might get impacted," he said.
Meanwhile, AI can also prove to be beneficial for a broad range of roles, from customer service, sales, marketing, communications, IT, research and development, finance and human resources, Mr Chandrasekaran said.
This highlights the need for workers to upskill or reskill themselves with AI, or they will face steep competition from the younger AI-equipped workers who do not have the baggage of older skills, he said.
"The skills needed for the future will be radically different than they are today," Mr Dunakhe added.
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Five personal finance podcasts from The National
To help you get started, tune into these Pocketful of Dirham episodes
·
Balance is essential to happiness, health and wealth
·
What is a portfolio stress test?
·
What are NFTs and why are auction houses interested?
·
How gamers are getting rich by earning cryptocurrencies
·
Should you buy or rent a home in the UAE?
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
Crazy Rich Asians
Director: Jon M Chu
Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan
Four stars
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Killing of Qassem Suleimani
Brief scores
Day 1
Toss England, chose to bat
England, 1st innings 357-5 (87 overs): Root 184 not out, Moeen 61 not out, Stokes 56; Philander 3-46
The specs
A4 35 TFSI
Engine: 2.0-litre, four-cylinder
Transmission: seven-speed S-tronic automatic
Power: 150bhp
Torque: 270Nm
Price: Dh150,000 (estimate)
On sale: First Q 2020
A4 S4 TDI
Engine: 3.0-litre V6 turbo diesel
Transmission: eight-speed PDK automatic
Power: 350bhp
Torque: 700Nm
Price: Dh165,000 (estimate)
On sale: First Q 2020
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5