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AI and Automation

AI and Automation are two technological pillars of the modern world, each of which plays a significant part in making the world more efficient, productive, and lucrative.

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    Existing knowledge in programming/robotics

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    What do AI and Automation do?

    • Carry out more of the tasks done by humans
    • Complement the work that humans do
    • Perform some tasks that go beyond what humans can do

    Future of Jobs Report 2023 by World Economic Forum

    Highlights

    • 34% of all business-related tasks are performed by machines, with the remaining 66% performed by humans.
    • Over 75% of companies are looking to adopt new technologies in the next five years.
    • 42% of business tasks will be automated by 2027.
    • Six in 10 workers will require training before 2027.

    AI-Automation Impact on Occupation

    Decline in current jobs
    Will kill 300 million jobs

    Growth in new jobs
    Will create 97 million jobs by 2025

    Automation

    Types of Automation

    • Basic automation
    • Process automation
    • Intelligent automation

    Key Roles of Automation

    • Transforming businesses
    • Transforming the nature of work
    • Transforming the workplace
    • Boosting Productivity
    • Contributing to economic growth

    Types of AI

    Capabilities Based AI

    Narrow AI: Weak AI. It can perform one narrow task.
    Examples: Apple Siri, Google Translate,

    General AI: Strong AI: AI that can comprehend or learn any intellectual job that a human can. But not discovered yet.

    Super AI: An AI that beats human intelligence and can outperform humans. It is a hypothetical AI.

    Functionalities Based AI

    Reactive Machines: Do not store memories. Works only with present data.

    Limited Theory: Trains from past data to make decisions.

    Self-awareness: Exists hypothetically.

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