How Artificial Intelligence Is Changing The Future of The Working Environment?
Let’s first understand what Artificial Intelligence is?
Artificial intelligence (AI) is the ability of a computer controlled by a computer to do tasks that are usually done by humans.
Now the most important question is how AI is changing the future of the working environment- The future of work is becoming more advanced, more efficient and more productivity. AI is an entirely new kind of technology that has the ability to anticipate the future needs and provide recommendations to its users. AI can also help to keep your knowledge base up-to-date and offer important information metrics that will help your employees and management work together more efficiently. Automation has been increasing for several years, and certainly many jobs previously done by humans are done by machines.
In today‘s organization, employees have to deal with a lot of administrative tasks and bureaucratic processes. However, in the organization of tomorrow, such tasks will be managed by AI. Artificial intelligence will automate more and more tasks and also improve many of the existing work processes. As we already know that human-machine collaboration will increase productivity and will also help in achieving strategic faster and more efficiently. When the machine and human collaborate, the outcome is positive.
Now let’s give a look towards some benefits of Artificial Intelligence;
- AI will help people perform their tasks better.
- It will increase business efficiency.
- It will reduce the probability of human error.
- Using this we are able to handle the huge volume of data for storing.
- AI drives down the time taken to perform tasks.
- Enables multi-tasking.
- It facilitates the decision-making process faster and smarter.
- Reduces human involvement in selected tasks.
- It also saves lots of time.
- Reduce the amount of work in an efficient way.
Now the next question arises is will artificial intelligence take jobs?
The complete idea of automation is to replace the mundane tasks which take a lot of human effort (physical, Intellectual), leverage the available time resources and optimize productivity. Actually AI is producing more jobs than it is assumed to be killing. Nothing can replace human intelligence and rational thinking. The purpose of AI is limited to enhance the ability of human creations rather than replacing human or taking their jobs. It will kill certain kinds of jobs. But it will create many more other kinds of jobs and the most important thing is that AI is improving day by day and not evolving because it will still make this improvement to happen, it can’t do without you.
As we already know Artificial Intelligence has changed the shape of many industries. Now let see what’s the impact of AI in accountancy/legal/businesses. In accountancy, AI will increase audit quality, improve efficiency in what we do and it will provide more insight. It also help in providing better & cheaper data to support decision making. It also frees up time to focus on more valuable tasks such as decision making, problem solving, advising, strategy, development relationship building and leadership.
In business AI saves your lots of time and money by automating and optimizing routine processes and tasks. It also helps to increase productivity and operational efficiencies and make faster business decisions based on outputs from cognitive technologies. It also avoids mistakes and human error, provided that AI systems are set up properly. It also helps to predict customer preferences and offer them better, personalized experience. It also helps to increase revenue by identifying and maximizing sales opportunities and also grow expertise by enabling analysis and offering intelligent advice and support. AI can play a big part in changing the way lawyers operate. AI helps lawyers to perform due diligence and research and it also provides additional insights and shortcuts through analytics. It also increases the efficiency and productivity of firms and lawyers. AI based software and programmes can reduce a lawyer’s time and effort considerably and can help lawyers and firms give more authentic and result oriented suggestions to their client. It can provide lawyers with highly efficient and advanced tools helping lawyers become better in litigating but that doesn’t mean that AI will replace the lawyers because the legal profession is highly driven by analysis, decision making and representation which cannot be automated.
Now let’s understand the world without AI. We need Artificial Intelligence (AI) because the work that we need to do is increasing day-to-day. So it’s a good idea to automate the routine work. If there will be no AI then there will not be much growth in business revenue, working life will be very slow, the future of work won’t be advanced. That is the reason automation has been increasing for several years.