If research shows us anything, it’s that we’re only getting started with artificial intelligence (AI):
- By the end of this year, it’s expected that 75% of developer teams will include AI functionality in one or more applications or services.
- By 2019, 40% of digital transformation initiatives will be supported by AI capabilities.
- By 2020, 30% of all companies will employ AI to augment at least one of their primary sales processes.
Alongside this rapid market growth, however, are rising economic concerns about how AI will affect job stability. Leaders like Elon Musk and Richard Branson have stepped forward with “doomsday predictions” of how AI will affect civilization; meanwhile, others like Mark Zuckerberg show great optimism.
While anything is possible, research suggests AI will create more jobs than it will end. For example, Gartner’s Daryl Plummer predicts AI will create 2.3M jobs while only eliminating 1.8M jobs by 2020 (with a 70% accuracy record, his predictions are usually a safe bet).
But what kinds of jobs? The employment-related search company Indeed has experienced a five-fold increase in its number of AI jobs advertised in the U.K. in the past three years, creating high demand for AI experts who can strategically use customer data. Other companies like Amazon currently have listings for AI Game Engineers who are responsible for developing AI systems for cutting-edge, multiplayer games. According to the New York Times, AI specialists can make anywhere between $300,000 to $500,000 per year.
In the end, it’s impossible to know exactly how AI will affect the economy but if you ask us, there’s a lot to look forward to.
Interested in learning more about CPaaS at VI? Check out our latest webinar!