AI Ubiquity: Automation is Transforming Industries
The future of automation, without a doubt, is a game-changer for businesses across all industries.
Automation technologies, such as robotics and artificial intelligence, are becoming increasingly advanced and sophisticated, allowing businesses to streamline their operations, improve efficiency, and reduce costs. Resulting in many companies, like Of Ash and Fire, creating new highly-technical services and trades.
Forecasting around business automation is an optimistic forecast overall. Artificial intelligence is estimated to add 16% or around US$13 trillion to the global economic output by 2030.
Manufacturing is one of the most significant areas where automation benefits workers and profits alike. Robotics use AI to automate repetitive and dangerous tasks, such as welding and assembly line work. Such innovation improves manufacturing processes' speed and accuracy and improves workers' safety by removing the human element from toxic and physically challenging environments.
"As precision automation has assumed more of these repetitive tasks, workers have suffered fewer injuries like carpal tunnel syndrome, tendonitis, bursitis, and other aches and strains." - John Henry
One industry the general public already engages with AI a lot is logistics and transportation. Tesla's self-driving vehicles and Amazon's autonomous shipping drones are being developed and tested for transporting goods and people, changing the very way society functions in these areas with no end in sight. According to a market report, the commercial drone market will experience a CAGR (Compound Annual Growth Rate) of 8.3% until 2030.
"Overall, our drone market analysis shows that the market as a whole (commercial + recreational) will be worth US$55.8 billion by the year 2030." - DroneII
Even human interaction is getting augmented with AI through virtual customer assistants, and chatbots handle customer inquiries and complaints. These tools can provide quick and accurate responses to customer questions, reducing the need for a staffed employee to engage in repetitive tasks and conversations.
As technology continues to improve, ChatGPT will likely play an increased role in many areas of our business lives, helping us to communicate and create. For Example, ChatGPT can provide various use applications, including natural language processing, chatbots, and machine translation. Language AI can be used to generate text for creative writing, assist in content creation, and provide personalized recommendations.
We know automation will play a significant role in business operations going forward. Automation technologies will become more intelligent, adaptable, and ubiquitous worldwide. Businesses embracing automation will be equipped to compete in the technological marketplace of tomorrow.
Concerns that automation will lead to job displacement and the need for reskilling and upskilling are also real issues held by many CEOs and politicians. However, there is room for optimism. The estimated 75 million labor-oriented professions to be displaced by automation plans can be offset by a proximate 133 million new roles emerging in technically oriented fields.
Assuming companies want to maintain a healthy public image. They should also ensure that they are not only automating processes for pure net profit but are also focusing on the well-being and health of their employees.
The future of automation may bring uncertainty and change, but with a steady mind and persistence, we will weather the new frontier and emerge stronger. Businesses that are able to adapt to these changing landscapes will be well-positioned for success.