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| AI killing Jobs |
AI "Chatbots" will increase Unemployment by killing 80 Million Jobs.
In coming months Artificial Intelligence going to kill 80 Millions Jobs from different sectors.
The use of ChatBots
has become increasingly popular in recent years, with the global chatbot market
expected to reach more than $10 billion by 2024, up from $2.7 billion in 2019.
The increasing use of Bots in various industries raises concerns about job loss in several sectors. While Bots have many benefits, including increased efficiency and improved customer experiences, they may also result in the replacement of human jobs.
Sectors Cutting Jobs -
Customer service:
Bots are
increasingly being used in customer service, allowing companies to handle basic
inquiries and tasks quickly and accurately, without the need for human
intervention. As Bots become more advanced, they are able to handle more
complex tasks and inquiries, which may result in the replacement of more
skilled and specialized roles. This could lead to job losses for customer
service representatives and sales representatives.
Healthcare:
Are being used in healthcare to improve patient experiences and increase efficiency.
For
example, Bots can be used to schedule appointments, answer patient inquiries,
and provide information on medical conditions. While Bots can provide basic
information and support, they cannot replace human touch and expertise in roles
such as nursing and caregiving. However, Will replace administrative and
support roles, leading to job losses in those areas.
Education:
The use of Bots
in education has the potential to transform the learning experience for
students, making language learning more accessible and personalized. The use of Bots in education also raises concerns about job loss. With it
taking on more of the educational roles, there may be fewer job opportunities
for educators and support staff.
Retail:
Being used in retail to improve customer experiences and increase sales.
For example, Bots
can be used to help customers find products, answer product inquiries, and
provide recommendations. While Bots can provide basic information and support,
they cannot replace the expertise and personal touch of human sales
representatives. Bots may replace administrative and support roles,
leading to job losses in those areas.
Banking and finance:
Will be used in banking and finance to improve customer experiences and increase efficiency.
For example, Bots can be used to provide account information, answer customer
inquiries, and provide personalized financial advice. While Bots can provide
basic information and support, they cannot replace the expertise and personal
touch of human financial advisors. Bots may replace administrative and
support roles, leading to job losses in those areas.
Transportation:
Bots are being used in transportation to improve customer experiences and increase efficiency.
For example, Bots can be used to provide real-time travel information, help passengers with ticketing and booking, and provide customer support. While Bots can provide basic information and support, they cannot replace the expertise and personal touch of human travel agents and customer service representatives.
However, Bots may replace administrative and support roles, leading to job
losses in those areas.
In conclusion,
the use of AI Chatbots in various industries has the potential to transform
customer experiences and increase efficiency. However, the increasing use of Bots
also raises concerns about job loss in several sectors. While Bots may lead to
job loss in many industries, there are several steps that can be taken to
mitigate the impact. Governments, companies, and employees must work together
to adapt to the changing nature of work and ensure that the benefits of
technology are shared equitably. Ultimately, the success of Bots and other AI
technologies will depend on how they are used and integrated into the
workforce.