Since the beginning of industrial revolution there were fears that mechanisation and automation would lead to job losses. But, not only it created new jobs but the average standard of living improved dramatically. Lost jobs were replaced by newer capabilities. Would this sustain in the new era of Technological disruption caused by artificial intelligence? Solution is indeed unfathomable. For example, the self driving cars with interconnected algorithm, can dramatically reduce the mortality caused by accidents involving over speeding, alcohol abuse and distracted driving. But for the bugs that might be in the algorithms which would eventually be resolved, the automated navigation would reduce drastically the accidents and hence the mortality! It is a welcome sign but What would the redundant drivers do?
In an another plane, an astute banker may become redundant to assess the credibility of a potential borrower. Even complex negotiations may not be the forte of experienced and skilled executives – a system with right sensors to interpret the facial expressions, hand movements and even body odours would make fewer mistakes, can guide far more accurately and reliably. The highly remunerative white collar jobs would be mutely surrendered to technology!
The physical capabilities of humans were replaced by machines in the last century- and now the cognitive functions are at the risk of being replaced by sensors and algorithms. Where are these evolutions leading the next generation to? Would this disruption lead to better and comfortable life -yes… would it lead to job losses or create jobs with newer skills? – may be….
With Brexit and Trump’s protectionist policies to preserve the jobs for the natives, it appears the politicians predict less of job creation. Are they doomsayers….May be … only the coming decade would unfold the mystery!
A recent uproar from the ‘’netizens’ is that google tracks your position even when the location option is ‘off’! But hold your breath: Days are not far off when an ‘external algorithm’ will know you better than You know yourself; they would make better selections ‘than’ you ‘for’ you! The pace with which the artificial intelligence technology is taking over our life, the run-of- the-mill jobs would soon be handed over to AI robots that would interact and provide solutions better than a human interface. The murmurs of loss of privacy with ‘Big Brother’ overseeing, would fade away sooner than later.
The present millennium would inevitably see a host of innovative products and services such as those offering designer genes for off springs, targeted nanobot cyborg therapy, electro-cranial helmets to beat depression and enjoy life with all leading to an age of 80 being the present 50. What else one would need? After all life is about pleasure, health and longevity!
The fear of God would become a myth of the past as the fruits of life would be provided by technology! All the present Religions that promise salvation for good deeds and hell otherwise, would be replaced by a new Religion: humanism with liberal individual free will ‘to do what I feel like’ taking a back seat.
What is taught to the present generation in schools would not be relevant at all to them in the course of even a decade: the linear model of first eduction then earn for ever would soon be replaced by a model of repeated cycles of ‘education – earn’ else one would have to perish.
So don’t cry foul on the Tsunami of change engulfing you…… Be Prepared to face the challenge!!