technology

Millennials: How Will Artificial Intelligence Impact Their Future?

As the last generation of Millennials enter the workforce, contemplate having children and cement themselves in the world at large, there is no doubt that Millennials are going to have a unique future compared to generation X or any other generation that came before them. besides.

The world itself has evolved tremendously in recent years, with one of the biggest changes being the introduction of more advanced technologies and the accessibility of artificial intelligence (AI) to consumers and businesses.

The generation people love to hate is known to have been among the early adopters of new technology; However, it remains to be seen exactly how AI will shape the post-teenage lives of 80 million millennials, which has become the largest age group in American history.

What is AI?

Unlike Robotic Process Automation (RPA), AI is self-learning, which means it adapts and learns as it goes. RPA, however, performs the tasks for which it was programmed and does not adapt to changes on its own. Automation software replaces humans for repetitive or predictable tasks, where AI can use reason to mimic a human’s thoughts.

Challenges

A common concern with AI is that it will completely replace people in jobs. With the creation of smarter automation, lower level jobs are performed less by humans than before. Where older workers have a better chance of keeping their jobs due to seniority or seniority, young professionals will find that typical entry-level jobs will cease to exist as AI spreads. and will occupy these types of positions.

With 85 to 90 million American Millennials, the group is now the largest generation in history and is also the most educated generation of all time. With typical entry-level jobs shrinking and more people entering the workforce, competition for jobs will be fierce.

For Millennials to survive in the workforce with ever-improving AI and a growing number of competing candidates, they’ll need to be skilled and adaptable. The days of “paying your dues” through routine manual labor will be a thing of the past. Millennials won’t just be cogs in the machine, to truly thrive in business, they will need to assess and recommend how to make the machine more efficient. College degrees will no longer guarantee employment, earning a master’s or doctorate will become a prerequisite for millennials to enter the business world.

Advantages

Looking at the upcoming widespread introduction of AI by businesses, millennials will certainly get used to modern technology. Thousands of companies around the world have already adopted AI. While the fear is that AI will cut jobs from the workforce, research collected by Capgemini has shown the opposite. The implementation of AI in companies has created new roles for workers, the majority being at the top level. The Gartner report gave the same forecast, predicting that AI will introduce half a million more jobs than it eliminates over the next few years, increasing the need for more skilled workers.

As businesses seek to deploy AI technology to increase productivity by automating routine tasks, they will inevitably need higher-level resources to oversee machines. Millennials had the best chance of being hired in these new types of roles as they will enter the workforce trained in the latest technologies. It seems that with the advancement of technology, the business world will demand that millennials act more like “thinkers” than “doers”.


Source by Derek Porter

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