AI and its impacts on employment and the labor market

AI và những tác động lên việc làm và thị trường lao động

Strong technological development should have an obvious impact on the employment situation and the labor market. This will include labor productivity growth and labor market challenges.

Join Ms. Uptalent to learn more about AI and its impacts on employment and the labor market through the following article to better understand!

1- The impact of AI on the global labor market
2- Artificial intelligence tools are widely used
3- Future positions in the AI ​​industry
4- The challenges that AI brings to the job market

4.1- Many jobs will be replaced
4.2- Develop skills and recycle new expertise

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1- The impact of AI on the global labor market

According to research, AI and artificial intelligence technology is having an increasingly significant impact on employment trends in the global job market. Specifically:

– The percentage of workers’ working time that can be automated by AI and other technologies can reach 60-70%. This rate was previously 50%.

– By 2022, more than 50% of organizations surveyed will have started applying AI in at least one business unit or functional department.

– Global IoT market information services can reach $58 billion by 2025. This will create an engine for increasing demand for IT personnel in the future.

– Virtual reality technology (Metaverse) can reach 700 million users and become a market worth $1.91 trillion by 2030.

– Cybersecurity continues to be an important trend for organizations and businesses. If security measures are not strictly followed, organizations will face immeasurable losses due to loss of information.

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– According to forecasts from the WEF (World Economic Forum), AI could replace 85 million existing jobs by 2025.

The strong development of AI technology requires companies to continually update the skills of their workers and implement long-term training strategies so that they can perform well in their current and future jobs.

In Vietnam, the massive application of digital technology, smart devices and robots in production will create great challenges for workers due to lack of skills. Therefore, IT human resources need to be developed in both quality and quantity to meet market needs.

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Application of artificial intelligence AI

2- Artificial intelligence tools are widely used

Automatic document summarization tools using AI technology are widely used in industries such as finance, law and journalism. Personnel in these industries are often required to read and analyze large amounts of information. Automatic synthesis tools have therefore shown their importance in these areas.

These tools use natural language processing algorithms to be able to analyze and summarize the content of large amounts of text in a short time and with high accuracy. Thanks to this, people will save a lot of time reading and will be able to concentrate on complex and highly strategic tasks.

Besides document summarization tools, tools that can help businesses increase their productivity are also very popular. By leveraging machine learning algorithms, they can help businesses automate repetitive tasks and streamline workflows.

A good example of a tool to increase productivity is a virtual assistant chatbot. This tool can help you manage your schedule or suggest content via email and text messages. Furthermore, tools for summarizing, taking notes, extracting audio recordings or producing digital content also provide valuable support to people in the work process.

With the help of AI tools, the work efficiency of each individual is improved and the overall productivity of the entire company is also higher than before.

3- Future positions in the AI ​​industry

The impact of AI technology can lead to the automation of many job roles. However, this doesn’t happen in every job.

Jobs in health care, medicine, education and social services are less threatened by automation. Because these are jobs that require a lot of interaction and empathy with people.

Additionally, integrating AI technology into work also provides more employment and advancement opportunities for workers. Jobs in data analytics, machine learning, and software development will tend to increase in the coming years.

If you have expertise in artificial intelligence or other related fields, many attractive job opportunities await you.

Below are some future positions in the AI ​​industry that you can pursue:

Positions in the artificial intelligence industry

Data Scientist

A Data Scientist is the person responsible for collecting, analyzing, organizing and making sense of data. From there, they provide understanding to stakeholders, managers and support the decision-making process.

Machine learning engineer

A machine learning engineer is a position that specializes in researching, creating, and designing software with the goal of automating predictive models. They will create AI systems capable of using Big Data to develop algorithms with learning and prediction capabilities.

AI Researcher (AI Researcher)

AI Research Scientist is someone who studies advanced trends in the artificial intelligence industry and participates in new technology development activities.

AI Business Analyst (AI Business Analyst)

An AI analyst is someone who will analyze and understand the needs of businesses and provide appropriate artificial intelligence solutions to help them improve their business processes and drive growth.

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AI Software Developer (AI Software Developer)

AI Software Developer is an individual who specializes in designing and creating software solutions using artificial intelligence technology.

AI Project Manager (AI Project Manager)

AI Project Manager is the person responsible for leading and directing AI technology development teams. They will work with stakeholders to plan, implement and manage artificial intelligence projects.

Robotics engineer (Kỹ sư Robotics)

Robotics Engineer is a position that designs, builds and tests robots for many different fields such as manufacturing, healthcare, military,…

Natural Language Processing Engineer (Natural Language Processing Engineer)

A natural language processing engineer is someone who develops algorithms so that machines can understand and interpret language like a human.

Computer Vision Engineer (Computer Vision Engineer)

The computer vision engineer is the person responsible for designing and developing computer vision algorithms for mechanical systems so that they can see and interpret the real world.

Challenge AI's artificial intelligence

4- The challenges that AI brings to the job market

In addition to the opportunities and development potential, AI also brings many challenges to the job market. Specifically:

4.1- Many jobs will be replaced

According to a report by Goldman Sachs, around 300 million jobs will be replaced by AI in the coming years. Once AI tools become more efficient, they will be able to replace humans in many different jobs.

In other words, the use of automation tools can lead to job losses in certain occupations, particularly those involving manual labor or repetitive work.

Jobs that are most likely to be replaced include customer service, accounting, librarianship and manufacturing jobs.

Additionally, in the future, as technology develops, marketers, designers, writers, programmers, and logisticians may also lose their jobs.

This report is not intended to make people in the above professional groups worried about being made redundant, but to help them better direct their career development.

4.2- Develop skills and recycle new expertise

The development of artificial intelligence requires workers to upgrade their skills as well as develop new expertise in programming, data analysis, and machine learning to remain competitive in the work school market.

Additionally, policymakers and business leaders must also work together to create training opportunities for workers.

Education and training programs should focus on developing new skills for workers. At the same time, the government must also create new industries and promote jobs in the AI ​​and data analytics sectors to strengthen the country’s economic capacity.

By embracing the development of AI technology and investing in education and training, we will definitely create a more productive and efficient labor market and bring many benefits to dynamic workers.

In short, AI technology will have both positive and negative impacts on employment and the labor market. This will create many new job opportunities and improve work efficiency, but along with this, many job positions will disappear.

With the future of the job market heavily influenced by AI, you need to understand it well and have the necessary preparations to quickly adapt to the changes to come.

I hope Ms. Uptalent’s article helped you understand AI and its impacts on employment and the labor market. Good luck!

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