University of Worcester Worcester Research and Publications

Artificial Intelligence Will Transform Labour Markets

Walton, Nigel (2014) Artificial Intelligence Will Transform Labour Markets. The Oxford Analytica Daily Brief.

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The jobs and employment prospects of educated white collar professionals could soon be under threat following rapid advances in artificial intelligence (AI). Although artificial intelligence has been used in industry since the 1990s, its application and impact has been confined to lower level, unskilled or semi-skilled blue collar jobs. However, the declining cost of sensors and computing power (Moore’s Law), the recent digital data deluge from social networking and new ways of interacting with computers via mobile devices, has given rise to a new form of “cognitive computing”. IBM and Google have become leading players in this field. IBM’s Watson computer has overcome the notorious problem of mastering “natural language”. Google, meanwhile, has been building on its existing huge data set by developing a world class artificial intelligence laboratory.

Item Type: Article
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Uncontrolled Discrete Keywords: Articial Intelligence, AI, labour markets, employment prospects, educational professionals, cognitive computing, economy, technology
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HE Transportation and Communications
H Social Sciences > HF Commerce
T Technology > T Technology (General)
Divisions: College of Business, Psychology and Sport > Worcester Business School
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Depositing User: Nigel Walton
Date Deposited: 22 Apr 2014 08:09
Last Modified: 17 Jun 2020 17:03

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