The most intriguing technology in my eyes is the transformation of the farming industry. With technologies that collect and analyze data used to improve the health of crops and increasing yields will improve productivity and profitability within the market. Not to mention the ease of which AI products can analyze the data.
Another advancement falls within the retail industry. As the article mentions, a third of retail jobs are projected to be displaced by 2030. With automated tills, warehouse robotics, and AI-based planning tools affecting companies already in the UK. We have already seen retail jobs decrease with the onset of the Covid-19 pandemic and the use of self-checkout technologies, but analysts believe there is more to come. The checkout free store has already been tested with Amazon Fresh and we might soon see this technology across many stores worldwide.
As ChatGPT takes over the market, AI technologies are something everyone needs to invest knowledge in because it will soon take over many industries. With both positive and negative effects on our economy, the world is changing very fast.
https://www.theguardian.com/technology/2023/feb/18/from-retail-to-transport-how-ai-is-changing-every-corner-of-the-economy
2 comments:
It will be interesting to see how new jobs/markets may be in the industries where AI is taking over. It will also be interesting to see how certain people who will reject this change to adapt.
I am curious to see how AI will continue to develop. We have seen Microsoft invest $10 billion into ChatGPT. Numbers like this show that AI is coming and there's almost nothing people can do about it. It can be both a blessing and a curse, with as mentioned a third of retail jobs expected to be displaced by 2030. AI is ultimately aimed to make people's lives easier, as is all technology, but this is something nobody has seen before. Sitting and watching how AI develops over the coming years will be very interesting and a little bit scary.
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