DURBAN – The continuous interaction and integration of data, algorithms and use cases are pushing the development of Artificial Intelligence.
AI has cut positions, broken human efficiency, cut down on standardised and repetitive work, transformed the nature of work and promoted work efficiency while also creating new jobs.
AI technology will change the business sector in three aspects: automation, intelligence and creation. In the financial sector, it will result in some jobs becoming redundant, while at the same time increasing efficiency and creating jobs.
1. Opportunities and challenges in the new wave of AI
Changes in employment demand and talent needs in the AI ago have been more apparent in developed countries and leading companies.
While, demand has continued to increase for professional service talent, particularly on communications, logic and creation, and technical talent dealing with computer technologies.
Currently, AI technology in China is still in an introductory stage, so changes in employment demand in the AI field are limited, and are mainly mirrored in a demand for basic technical talent. From a recruitment view, companies are placing greater significance on technical skills, particularly ability in basic AI.
AI is slowing taking over manual labour in repetitive, highly standardised job activities that can be done using computer software. Therefore demand for these positions has been in decline. However, there are some positions that will not be replaced by AI over the next decade.