In the foreseeable future, AI is playing a significant role in changing the way most people work and what they work on. But what does this mean for companies and for the individual? What are current use cases? What are key messages from research?
AI – the “bad guy”?
AI is often portrayed as the “bad guy” when it comes to its influence on the future of work. Jeremy Rifkin and other theorists are even preaching the “end of work”. However, this very strong opinion should be more than critically questioned since instead of reducing work, a technology push can create a recursion, a cascade of complexity that leads to increased demand in combination with entirely new requirements. Moreover, AI in the workplace offers various opportunities, such as taking over boring tasks and enriching the working live by providing data-driven recommendations.
This goes hand in hand with the results of the McKinsey Global Institute: 50% of current work activities are technically automatable. Even though this results in nearly all occupations being affected by automation, only about 5% of occupations could be fully automated by currently demonstrated technologies (McKinsey Global Institute). Thus, many employees will work alongside machines and together with AI applications. This will require humans to build up new skills, with the Future of Jobs Report from the World Economic Forum estimating that 50% of all employees will need reskilling by 2025. What do those vast changes mean for companies and for the individual?
Risks and opportunities
Current AI capabilities can be divided into three categories: Transparent World, Machine Autonomy and Human Augmentation. AI is likely to influence the future of work with all three of them.
Every category raises various questions.
Transparent World: What chances e.g. regarding personalized offerings does increased transparency present? What are implications for data privacy?
Machine Autonomy: What will employees do with the gained time? What does that mean for affected jobs?
Human Augmentation: How will joint human-AI collaboration look like? What does this mean for decision-making processes and responsibilities?
What else needs to be done?
Overall, this shows that there is immense potential in AI at the workplace, but still a need for discussion and further elaboration. Core principles must be established to mitigate potential risks and negative side effects of AI’s powerful capabilities. Moreover, employees need to adapt to new skill requirements on task level as well as personal level. Other important topics are to establish purpose centricity and use responsible and explainable AI solutions. Another question would be how to shape change processes to ensure that no one is left behind.
SAVE THE DATE: AI & the Future of Work – Event powered by the AI Lab & #FutureOfWork
Get your ticket here: https://www.eventbrite.de/e/145430042171
To further advance discussions in this field, we, the AI Lab and #FutureOfWork, want to provide a platform for an open exchange of ideas and opinions. During our interactive hybrid event, we’ll connect opinion leaders and enthusiasts interested in AI & the future of work. It will take place on 25th March 2021 from 6-8pm.
After an introduction by Benno Blumoser, Head of Innovation at the Siemens AI Lab, experts from various fields related to AI & the future of work will present inspirational pitches and offer different perspectives. Dr. Jochen Wallisch, Executive Vice President Human Resources at Siemens, will provide insights into how Siemens’ #FutureOfWork initiative is driving the up- and reskilling of employees through #NextWork. Moreover, Prof. Andreas Boes and Dr. Tobias Kämpf from the Institute for Social Science Research (ISF) Munich will talk about the insights from empirical studies of AI applications at the workplace. Dr. Anna Christmann, member of the Bundestag, Bündnis 90/Die Grünen and spokesperson of the Study Commission “Artificial Intelligence – Social Responsibility and Economic, Social and Ecological Potential” will shed light the political perspective. Dagmar Beyer, AI expert and application field owner for Digital Companions at Siemens will share Siemens’ examples and technological details. Subsequently, a moderated, open and controversial panel discussion will focus on related risks and opportunities.
Who should participate?
Everyone can participate in the event – Siemens employees as well as external enthusiasts who are interested in the topic of AI & the future of work. Since this is a topic that influences everyone, you shouldn’t miss this extraordinary event! Hence: Save the date and share it with your network! We are planning a hybrid format with speakers participating at the AI Lab Viktualienmarkt, the audience joining via livestream and many interactive elements ensuring room for input and questions from the audience.
Can’t wait to see you!
The Siemens AI Lab & #FutureOfWork