Posted on September 19 2024
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The recent data released by Statistics Canada on September 3, 2024, contradicted the changes brought in by technology that affected automation and less educated workers doing physical tasks. Artificial Intelligence (AI) includes highly developed algorithms that conduct non-routine tasks, model languages, and outdo cognitive tasks.
The top 3 types of jobs that would survive the AI intervention are as follows:
Recent studies reveal AI's impact on Canada's labor market. They show that AI replacement and inclusion would be majorly for legal, institutional, and financial purposes. In the upcoming days, workers will adapt and coexist with changing technologies. The rise of automation will influence the retail, customer service, and manufacturing industries.
Studies by Statistics Canada showed that in May 2021, 50% of workers with a Bachelor’s degree or higher were in positions that were more exposed to AI when compared to the 13% of workers with a high school diploma or lesser degree. Canada is working on advancing AI technologies to promote the country's economy and quality of life.
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Artificial intelligence will not cause workers to lose employment, but it will bring job conversion and shift workers to different tasks.
Below are some ways AI will benefit the technological, agriculture, healthcare, and educational sectors.
|
Industry |
Impact and Uses of AI |
|
Healthcare |
Improving the quality of healthcare services via progressive diagnostics, treatment of new drugs, and home care services. |
|
Promoting predictive care |
|
|
Streamlining administrative tasks |
|
|
Education |
Adopt new tools to upgrade the learning experience and use them in special classes. |
|
Usage of AI-powered assistive technologies to empower individuals with disabilities |
|
|
Agriculture |
Introducing technologies to manage, monitor, and harvest crops |
|
Develop autonomous machinery and vehicles |
|
|
Introduce customized services that promote language processing technologies (text-to-speech and translation tools) |
|
|
Other technology sectors |
Create more job opportunities for machine learning specialists, data scientists, and software developers. |
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Some of the policies and prospects introduced by the Canadian Government to merge AI with the labor workforce are given below:
As per the IBM 2023 study, 3,000 executives were surveyed on generative AI, with some finding it helpful while others expressed concerns. Around 75% responded positively, saying it would give them a competitive edge, while 43% found it useful for strategic business purposes. 57% of individuals had doubts about data security, and 48% were worried about unfairness.
Artificial intelligence is changing the labor market landscape, creating more opportunities for workers to adapt and up skill themselves. The job market will likely thrive in the future with the amalgamation of AI and the human workforce.
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