Will 2023 start the golden age of robotics?  Companies are turning to artificial intelligence to cover the labor shortage

Will 2023 start the golden age of robotics? Companies are turning to artificial intelligence to cover the labor shortage

  • A survey by PricewaterhouseCoopers reports that one in five workers plans to quit their jobs in 2022.
  • AI experts anticipate an increase in the production of robots to aid labor shortages and help existing employees.
  • Jens Martin Skibsted and Christian Bason offer their insights into how artificial intelligence and human labor can work together to benefit employees and businesses alike.

As the ‘Great Resignation’ continues, companies are turning to the possibilities of artificial intelligence technology to make up for lost production. This strategy aims to make up for the labor shortage and help the existing employees in their production and efficiency.

About 20% of workers plan to quit their jobs in 2022, according to PwC Global Workforce Hopes and Fears SurveyIt is one of the largest surveys conducted. The survey reveals that 71% of workers prioritize fair financial reward and that 69% of workers want a satisfying job.

Following this trend in worker expectations, companies are looking to AI opportunities to help take pressure off existing employees and increase production. In fact, the application of robotics in the workforce is expected to increase as labor shortages persist.

“We believe we will be in the golden age of robotics adoption in the United States and beyond,” Global X’s Jay Jacobs told CNBC. “We actually expect a growth in industrial robots from 16 billion to 37 billion over the next 10 years with 2022 being the major inflection point.”

In this way, AI can be a key factor in helping companies through the Great Resignation, but that doesn’t necessarily mean a bot takeover that eliminates the need for human labor, two AI leaders told Allwork.Space.

In a Q&A, Jens Martin Skibsted, Vice President of Foresight & Mobility and member of the Board of the World Economic Forum’s Future of Cities and Urbanization Panel, and Christian Basson, CEO of the Danish Design Center, shared their insights on Great Resignation and how AI is impacting. future of work.

Allwork.Space: What lessons can companies learn from the great resignation?

Skibsted and Bason: Business can be a source of inspiration to communities who haven’t joined Great Resignation. Take Denmark for example: In terms of job compensation, companies have listened to and expanded the perceived needs of employees.

Rather than simply stressing salaries, many companies have designed competitive and cost-effective alternative bonuses. Simply use design thinkers and consultants to revisit and calibrate the company’s value and find applicable best practices.

Allwork.Space: What are some of the pros and cons of AI in the workforce?

Skibsted and Bason: Ironically, some of the most digitized societies have the happiest people and workforces. The list of AI workforce pros and cons is contextual and not given and absolute.

Simply put, robots are not paying taxes and increasingly taking over jobs. The advantage is that through faster and cheaper labour, society as a whole can increase economic output to withstand unemployment.

However, there are ways to create a win-win situation. The perception of artificial intelligence versus humans is a misconception. Although AI robots will be able to outperform and outperform people on most things—except perhaps for expansion of philosophical thought, true creativity, and creativity—AI has never and will never outperform robot teams at anything. The future does not belong to humans or artificial intelligence. It belongs to both of them together – cobots if you like.

Whenever it was assumed that machines would make humans redundant, new jobs were created to fill that “gap” and increase economic output. Cryptocurrencies, calculators, cash machines and stock trading software didn’t kill the financial sector.

Allwork.Space: What concepts or strategies can help AI and human workers “align” and drive more innovation?

Skibsted and Bason: First of all, we should ignore Western arrogance and not just subdue AI. The Three Laws of Robotics by Isaac Asimov is a classic example of the thinking of a slave master. Robots are made for service and obedience. We need to realize that life in the future does not have to be biological.

Once you accept AI as a teammate, you’ll see new forms of collaboration. This does not mean that AI will not have to abide by laws or code, but that laws should reflect the complexity of this new reality. The complexity of human laws is also increasing.

Allwork.Space: Why is the “human factor” often missing from innovations and why is it important to keep it first?

Skibsted and Bason: Innovation is seen as a scientific and technological discipline almost at the intersection of engineering and economics. Extractive companies and digital companies like Meta and Alpha have given us plenty of examples of why change is needed.

Now, as a result, our economy and value creation are increasingly understood in a broader sense, at the service of humans and, hopefully, soon the entire planet. And companies see human-centered design as good business, because, after all, we’re not robots.

Allwork.Space: How will all of this affect the future of work?

Skibsted and Bason: It is up to us, and it depends on core values, cultural needs and desires. One way to expand future and potential future work is to evaluate the six categories of future expansion by design: we need to accept that life can be artificial and that all life is inherently equal.

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