CNNMoney, citing a PwC report, declared that 38 percent of USA jobs will be lost due to robots and artificial intelligence over the coming 15 years. Jobs that perform routine, repetitive tasks and are in industries include manufacturing, banking, education, retail and hospitality. The same warning bells are being rung by The Economist, New York Times, The Guardian and others. The World Economic Forum cites a net loss of over 5 million jobs by 2020 in 15 major developed and emerging economies.
The mainstream media headlines around automation related job loss are akin to Chicken Littles warning that the sky was falling. The sensationalism overstates reality.
The impression is that job loss due to automation is a recent phenomenon. Its not. The ATM was created in 1967 and has taken over 30 years to evolve into what we take for granted today. Did it significantly reduce bank teller jobs? Yes, over a long period of time. But it did not eliminate the position; it evolved.
There are countless examples of how technology has changed economies, professions and industries. This has been going long before the steam engine and electricity was invented. The pace of technological change today is, however, increasingly faster. PwCs 15 years forecast for job loss is challenging to believe when we look at the reality of what it takes to implement artificial intelligence.
Spoiler alert - our ability to forecast the timing of future events with a measurable degree of accuracy isnt particularly good.
Rurik Bradbury, Head of Research at LivePerson, a mobile and online messaging company, has a different perspective. The prospect of replacing entire jobs with just technology is unlikely, shares Bradbury. There is a lot of confusion about AI with more talk than actual deployment.
Todays artificial intelligence technologies are capable of performing tasks at the atomic level. These are very narrowly defined tasks that operate within a clearly defined set of responses.
Based on LivePersons customer experience, Bradbury strongly believes that AI can perform, on average, 40 percent of the tasks comprising customer care jobs. In other words, AI driving the level of unemployment forecasted by CNN within the next 15 to 20 years is unlikely. Even if we just focus on customer care jobs across all industries.
Jobs are comprised of a multitude of tasks as well as a wide range of problem solving situations that require lateral thinking and complex, emotion-based human interactions. Bringing in AI to a customer support position, for example, requires the job to be broken down into its detailed components.
On average approximately 40 to 50 percent of tasks in a call center are good candidates for automation. These are tasks that a call center agent or manager can trigger updating your address, for example. The dialog between the AI and the customer is controlled by how the AI application is programmed and closely measured with human oversight. AI does not run without tight controls in place. The analytics include sentiment analysis that tells management which AI-conducted customer interactions were positive or negative. Negative interactions can result in shifting that task back to a human or reprogramming the AI software.
AI doesnt always replace workers; it augments their ability to be more effective and productive. That doesnt mean that the nature of work will not change, it will. The operative word is augmented Bradbury calls it job sharing.
Routine, data-driven, narrowly defined subtasks will be automated freeing the human worker to engage in higher level, most sophisticated tasks such as creative problem solving, strategic thinking and relationship building. The latter being things humans are much better suited for.
Based on Bradburys research and LivePerson customers experience, the rate of AI taking over human tasks is slower than popular media would lead you to believe.
First, to effectively employ AI to drive a positive, productive customer experience requires a clear plan based on gradual automation over time. Secondly, the current rate of automating tasks is one percent a year. In the case of the 40 percent of call center agent tasks that could be candidates for automation, companies would be extremely hard pressed to achieve that level of automation within ten to fifteen years. So much for predictions.
That doesnt mean ignore artificial intelligence. Approach it with a solid plan based on best practices. Here are a few of Bradburys suggestions:
1. Collect a data set of good (read: successful) customer interactions and categorize them, identifying the most frequent interactions.
2. Pick candidates for automation based on opportunities to improve the interaction. Start with a very small group of interactions to experiment with.
3. Take a subset of these identified interactions and create a chatbot or AI interface that is specific to the atomic task being automated. The more granular the definition and automation of the task, the higher the success. 70 percent of current AI tasks fail because they are too general.
4. Put the AI task into production aside a team of call center agents and test. That means collect data, perform A/B testing, and analyze the conversations and their outcomes. Evolve the AI software over time based on the results of the analysis.
5. As success is realized, automate additional tasks based on the same testing and analysis approach. Set performance thresholds for each AI task. Keep in mind that AI applications work in tandem with employees and need to be orchestrated are part of a companys ecosystem.
How we look at technology directly influences how we fit it into our lives. Dont think of artificial intelligence as a separate project or technology. Think of it as part of a job and measure it accordingly.
Ignore the chicken littles. Leverage AI where it enhances the customer experience and delivers measurable value add. Start small, get granular, and go slow.
Read the rest here:
The Chicken Littles of Artificial Intelligence - Huffington Post
- What is Artificial Intelligence (AI)? - Definition from ... [Last Updated On: June 12th, 2016] [Originally Added On: June 12th, 2016]
- Artificial Intelligence | Neuro AI [Last Updated On: June 12th, 2016] [Originally Added On: June 12th, 2016]
- Association for the Advancement of Artificial Intelligence [Last Updated On: June 13th, 2016] [Originally Added On: June 13th, 2016]
- A.I. Artificial Intelligence - Wikipedia, the free ... [Last Updated On: June 17th, 2016] [Originally Added On: June 17th, 2016]
- Artificial Intelligence - The New York Times [Last Updated On: June 17th, 2016] [Originally Added On: June 17th, 2016]
- Intro to Artificial Intelligence Course and Training ... [Last Updated On: June 28th, 2016] [Originally Added On: June 28th, 2016]
- Artificial Intelligence | Neuro AI [Last Updated On: July 1st, 2016] [Originally Added On: July 1st, 2016]
- What is Artificial Intelligence (AI)? Webopedia Definition [Last Updated On: July 1st, 2016] [Originally Added On: July 1st, 2016]
- Intro to Artificial Intelligence Course and Training Online ... [Last Updated On: July 5th, 2016] [Originally Added On: July 5th, 2016]
- Artificial Intelligence News -- ScienceDaily [Last Updated On: September 16th, 2016] [Originally Added On: September 16th, 2016]
- Artificial intelligence positioned to be a game-changer - CBS ... [Last Updated On: October 13th, 2016] [Originally Added On: October 13th, 2016]
- Artificial Intelligence: A Modern Approach - amazon.com [Last Updated On: October 31st, 2016] [Originally Added On: October 31st, 2016]
- Artificial Intelligence - IndiaBIX [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- The Non-Technical Guide to Machine Learning & Artificial ... [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- Artificial Intelligence - Graduate Schools of Science ... [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- Artificial Intelligence in Medicine: An Introduction [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- What does artificial intelligence mean? - Definitions.net [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- Artificial Intelligence Lockheed Martin [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- Artificial Intelligence Course - Computer Science at CCSU [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- FREE Artificial Intelligence Essay - Example Essays [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- Elon Musk's artificial intelligence group signs Microsoft ... [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- Real FX - Slotless Racing with Artificial Intelligence [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- Artificial Intelligence: What It Is and How It Really Works [Last Updated On: January 4th, 2017] [Originally Added On: January 4th, 2017]
- Artificial Intelligence Market Size and Forecast by 2024 [Last Updated On: January 4th, 2017] [Originally Added On: January 4th, 2017]
- Algorithm-Driven Design: How Artificial Intelligence Is ... [Last Updated On: January 4th, 2017] [Originally Added On: January 4th, 2017]
- 9 Development in Artificial Intelligence | Funding a ... [Last Updated On: January 4th, 2017] [Originally Added On: January 4th, 2017]
- Artificial Intelligence Tops Humans in Poker Battle What's the Big Deal? - PokerNews.com [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Is AI a Threat to Christianity? - The Atlantic [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Allow mathematicians to pierce artificial intelligence frontiers - Livemint [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Montreal sees its future in smart sensors, artificial intelligence (with video) - Computerworld [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Silicon Valley Hedge Fund Takes On Wall Street With AI Trader - Bloomberg [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- The Observer view on artificial intelligence - The Guardian [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Artificial Intelligence Is Coming Whether You Like It Or Not - Mother Jones [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- RealDoll Creating Artificial Intelligence System, Robotic Sex Dolls ... - Breitbart News [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Forget lessons, these smart skis are loaded with artificial intelligence - Mashable [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Artificial Intelligence Correctly Predicted the Patriots' 34-28 Super ... - Digital Trends [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Why C-Levels Need To Think About eLearning And Artificial Intelligence - Forbes [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Artificial Intelligence-Driven Robots: More Brains Than Brawn - Forbes [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Artificial intelligence: How to build the business case - ZDNet [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- What 'social artificial intelligence' means for marketers - VentureBeat [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Actress Kristen Stewart's Research Paper On Artificial Intelligence: A Critical Evaluation - Forbes [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Baidu cut its healthcare business to concentrate on artificial intelligence - Asia Times [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Google Android Wear 2.0 update puts artificial intelligence inside your wristwatch - The Sun [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- How criminals use Artificial Intelligence and Machine Learning - BetaNews [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- In the Labs: Connected vehicles in Ohio, artificial intelligence in Illinois and Massachusetts - Network World [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Keeping an eye on artificial intelligence - The National Business Review [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Actors, teachers, therapists think your job is safe from artificial intelligence? Think again - The Guardian [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Wells Fargo Innovation Group to Focus on Artificial Intelligence, Payments and APIs - Wall Street Journal (blog) [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- SAP aims to step up its artificial intelligence, machine learning game as S/4HANA hits public cloud - ZDNet [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Artificial Intelligence Is Coming To Police Bodycams, Raising Privacy Concerns - Forbes [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Nvidia Beats Earnings Estimates As Its Artificial Intelligence Business Keeps On Booming - Forbes [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Could Artificial Intelligence Ever Become A Threat To Humanity? - Forbes [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Artificial intuition will supersede artificial intelligence, experts say - Network World [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- The Peril of Inaction with Artificial Intelligence - Gigaom [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- TASER International Bringing Artificial Intelligence to Law Enforcement - Motley Fool [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- LG G6 teasers emphasize battery life, artificial intelligence - CNET [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Wells Fargo sets up artificial intelligence team in tech push - Reuters [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Ford spending $1 billion on self-driving artificial intelligence - CNET [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Artificial Intelligence in Business Process Automation - Nanalyze [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- An artificial intelligence gamble that paid off - Minneapolis Star Tribune [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Ford to Invest $1 Billion in Artificial Intelligence Start-Up - New York Times [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Wells Fargo Pushes Into Artificial Intelligence - Fortune [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Artificial intelligence predictions surpass reality - UT The Daily Texan [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Creating artificial intelligence-driven technology products is almost like unleashing the Frankenstein's monster - Economic Times (blog) [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Inside Intel Corporation's Artificial Intelligence Strategy - Motley Fool [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- The artificial intelligence revolutionising healthcare - Irish Times [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Ford Announces Investment in Artificial Intelligence Company Argo AI - Motor Trend [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Ford Invests $1-Billion in Artificial Intelligence - AutoGuide.com [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Salesforce adds some artificial intelligence to customer service products - TechCrunch [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- No hype, just fact: Artificial intelligence in simple business terms - ZDNet [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Artificial Intelligence and The Confusion of Our Age - Patheos (blog) [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- How Artificial Intelligence Startups Struck Gold - Entrepreneur [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Terrifyingly, Google's Artificial Intelligence acts aggressive when cornered - Chron.com [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- This Startup Has Developed A New Artificial Intelligence That Can (Sometimes) Beat Google - Forbes [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- RPI artificial intelligence expert looks at Westworld - Albany Times Union [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Google's DeepMind artificial intelligence becomes 'highly aggressive' when stressed. Skynet, anyone? - Mirror.co.uk [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Artificial Intelligence Enters The Classroom - News One [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- John Pisarek Talks Artificial Intelligence - Customer Think [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Can Artificial Intelligence Predict Earthquakes? - Scientific American [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Artificial Intelligence Is Becoming A Major Disruptive Force In Banks' Finance Departments - Forbes [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]