The Impact of Automation and Artificial Intelligence on the Workforce.

Artificial Intelligence ( AI ) in the 21st century began in 1956 by “Christopher Strachey, director of the Programming Research Group at the University of Oxford”, as a quick decision-maker to fast-track information without the need for human touch.

As of now, with the presence of automotive impacts, AI and Automation has become one of the leading and most significant forces shaping the modern workforce.

However, according to the latest report on automation from VentureBeat, "companies and organizations are increasingly turning to Automation and AI to reduce human labor and maximize efficiency." But only a few of the masses know about this automation revolution’s impacts; how it affects job opportunities, pay, educational requirements, job satisfaction, and more.

In this case study, we explore how Automation and AI are changing the modern workforce and the potential implications of this shift.

The most significant impact of Automation and AI on the workforce is the situation of job displacement, with machines beginning to take over many jobs previously performed by humans.

However, in many cases, the number of jobs available for humans is increasing, and they remain higher-paying but require more specialized skills. This means that workers with lower qualifications and less education may find it challenging to keep up with the demands of the modern workforce.

Nonetheless, Automation and AI are creating new job opportunities as machines take over daily tasks.

New roles are being created for professionals who can better utilize the data provided by Automation and AI. For example, while robots can take over many customer service roles, AI-driven analytics can help businesses create more targeted marketing campaigns and optimize their operations. Making it a challenge to hire candidates people with the same set of skills.

Automation and AI are also impacting how workers are being paid: Many employers are now implementing performance-based pay models, which reward employees based on their performance rather than their seniority, level of expertise, and other company satisfaction factors.

AI and Automation in the process also feature to help employers track and analyze employee performance with automated AI tracking software, like We360.ai.

We360.ai is an award-winning time-tracking software that allows employers to monitor each employee's productivity and time spent on each task. Its features include deadline-setting, attendance tracking, invoicing, reporting, and app integration.

Furthermore, AI and Automation increase the emphasis on performance-based pay.

Automation and AI impact job satisfaction: Often, many workers feel that their jobs are becoming increasingly repetitive, with the same tasks being done daily. At the same time, many find that their jobs are becoming more stressful as machines and algorithms take over more of the tasks that previously required a human touch.

As a result of this, Automation and AI are having a profound impact on the modern workforce. Due to the high demanding skills, opportunities shift, and performance-based pay models have also become a common aspect of the hiring process among industries and some employers.

Workers may need to adapt their skills and expectations to keep up with the new economy's demands. Also, as the demand for higher skills continues to rise, AI and Automation are likely to impact job satisfaction, as workers are increasingly required to do more with less human contact.