Some jobs will face a tough challenge from AI, while others will thrive and create new opportunities. AI will significantly impact the future labour market, whether we like it or not. Many businesses have adopted AI to boost their growth, and many have succeeded. Some think automation will create more jobs in the future, while others fear AI will be a catastrophe. Is the glass big enough to hold all the water, or will it spill over soon?
We will reveal some of the most fascinating and intriguing stats about AI in the following paragraphs. Keep reading to find out which jobs could disappear and which will survive. One thing is sure: the following AI Replacing Jobs Statistics will make you think.
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AI Replacing Jobs Statistics: Is The Past A Mirror Of The Future?
To prepare for the future, we need to learn from the past. Technology has permanently changed the world, sometimes for the worse. Some people embrace change, while others resist it. Let’s explore how things were before.
- 42% of jobs have already disappeared: Nicholas Cage is a controversial actor. You either love him or hate him. Robotics is similar. Many studies show how technology affects jobs worldwide. The U.S. lost 400,000 jobs from 1990 to 2007 because of this. Economists say the country lost 42% (almost half!) of jobs in this period. Will humans be replaced by machines? Can we learn from the past?
- 73% of children went to high school, which set the foundation for robotics and automation. Who started robotics? How did they do it? In the early 1900s, only 18% of teens went to high school. But by the 1940s, this soared to 73%. More educated workers boosted robotics without losing jobs to machines.
- Barcodes reduced labour costs by 4.5% but didn’t remove the need for cashiers. Technology brings excitement and doubt at the same time. Barcodes started in retail to make things faster, cheaper, and better. But some people worried that some jobs would disappear. Cashiers, for example, seemed doomed. At first, their wages dropped by 4.5%, but then they became more in demand. From 1980 to 2013, the need for cashiers rose by 2%.
AI Replacing Jobs Statistics: What About The Near Future?
Robots will take over some jobs someday. But when will that happen? Let’s explore the AI future in the next 5-10 years.
- Around 50% of companies stated they’d introduced AI in at least one sector: Automation may not rule the market yet, but AI is not a minor player in global business. Companies want to make money. So they always seek to improve their business. McKinsey found that nearly half of companies use AI in different areas.
- Intelligent agents could replace almost 30% of existing jobs by 2030: Are intelligent machines a threat? We’ve faced this before. People used to farm by hand. Machines scared them. But humans adapted to technology. Can we handle more changes? One in three jobs may be gone in ten years. Will this open new doors or unleash chaos?
- 52% of experts believe AI will have no significant impact on the labour landscape in the future: AI’s future is a hot debate among experts. Some fear it will doom humanity; others disagree. More than half of experts say AI will mould global jobs soon. But they also say new jobs will emerge.
AI Replacing Jobs Statistics To Leave You Speechless (2024)
AI Replacing Jobs Statistics In Manufacturing
AI could boost production in many industries. How will artificial Intelligence transform manufacturing?
- BMW Group brought AI to 31 sites: AI is vital for BMW’s manufacturing. With AI, the company improved its production. The goal was to cut the rework and boost the process. BMW used this technology in 31 sites in 15 countries. The company relied on a clever data analytics image recognition system and raised product quality inspection.
- Manufacturing data consumption is around 1,812 petabytes per year. Manufacturing has grown significantly in recent years. The industry is booming, and so is the data flow. The processes are more complex. The decisions are more challenging. Manufacturing makes 1,812 PB per year, much more than finance, retail, or communications. The industry needs AI to solve and prevent problems faster and better.
- Artificial Intelligence in the manufacturing market could grow to $16.7 billion: Robotics and AI are spreading in manufacturing. Asia and the Pacific are booming. Manufacturers grab this chance and grow their business with new products. This will boost the manufacturing market to $16.7 billion by 2026.
AI Replacing Jobs Statistics: Technology Within Finance Sector
AI is everywhere in finance. It can boost financial planning and fix service problems. How will it shape the future? Let’s see.
- 60% of banks have either closed or reduced working hours in their branches: You may think 60% of banks are shutting down branches because of recent events, but that’s not true. Banks are closing branches quicker than ever. They want to save time. Finance has new and extraordinary services like account checks, account openings, and touchless payments, all powered by AI. Young people will adapt quickly, as most Millenials like apps more than branches.
- The global spending on AI in the financial sector could rise to $110 billion by 2024: AI is the future of finance. It can cut costs and boost productivity. It can also enhance service and product quality, which can increase profits. Finance is pouring money into AI. It may spend a whopping $110 billion by 2024.
- Applications based on artificial Intelligence could save $447 billion by 2023: AI makes finance easier, especially client communication. Banks use AI apps to let clients open accounts, transfer money, and borrow. This is smart, as banks could save $447 billion by 2023. No wonder banks want more AI in their processes.
AI Replacing Jobs Statistics: Are Robots Conquering The Marketing Sector?
AI is everywhere in technology. It has shaken up marketing for buyers and sellers. Some jobs will die, and others will grow. Learn how marketers cope with AI’s power.
- 56% of marketers believe AI will create more jobs: AI is taking over marketing. Businesses use AI to boost profits and cut costs. They also use machine learning and data science to improve and grow their plans. Some companies mix machines and humans to connect more with customers. Many jobs in marketing are at risk, but many people think AI will help their field. Over half of them say AI will make more jobs in ten years.
- 52% of small businesses rely on AI for marketing analytics: Conversational AI is the key to customer service for big companies with $500M-$1B revenue. But small businesses lag behind, with only half using predictive analytics to understand their customers. However, small businesses are also the biggest spenders on AI, so they might catch up soon.
- 41% of marketers stated automated machines improved their revenue and performance: A Statista.com survey shows that AI has helped many businesses grow. About 41% of marketers say AI has increased their revenue and performance. Also, 40% of marketers get more valuable insights from AI marketing data. And 35% of them save time on tedious tasks.
AI Replacing Jobs Statistics In Transportation & Logistics
From beasts of burden to autonomous vehicles. Here are some fascinating AI facts about one of the key industries – transportation.
- The transportation sector’s investments in AI could reach $3.5 billion in 2023. Transportation businesses are seeking innovative ways to beat their rivals. Many of them chose to invest in AI. The AI transportation market might hit $3.5 billion by 2023. Imagine owning your own Transformers someday. They might help you save the world. Anything is possible.
- 100,000 Amazon warehouse robots await to replace human jobs: Companies want to cut costs on making and moving goods. AI can handle shipping data, invoices, and more. Amazon is a massive company with many workers. But it has over 100,000 robots that can take over human jobs anytime. That’s scary.
- 17,000 cargo ships transport goods worldwide: Globalization has soared, and we can get products from anywhere with a click. The transportation industry is bustling. About 17,000 boats carry billions in cargo every day. Companies want to make their deliveries quicker, better, and more profitable. Rolls-Royce and Google are making automated ships. Will captains still have jobs, or will they be replaced?
Statistics On AI Replacing Jobs In Medical Care
You may have seen Prometheus, where they go into the capsule and pick diagnostics while robotic hands do complicated surgeries in a minute. Well, not to burst anyone’s bubble, but we’re far from that. But AI will transform health care; let’s find out how.
- 63% of people think AI will help treat cancer: AI won’t replace every human job in health care. Sometimes, humans and machines can team up to reach a goal. Machines can handle much more data than humans, and we must admit that. So, 63% think AI will help find and treat diseases like cancer. Many people also believe that heart disease and diabetes can be improved by intelligent machines.
- The latest stats show that 30% of healthcare costs go to administrative tasks: Hospitals spend a third of their budget on administration. AI could cut costs in this area a lot. But many people do administrative work in hospitals. What will they do then?
You may hate your work and wish your office would vanish. But be careful what you wish for. It could happen sooner than you think. Some wishes are better ungranted. These stats about AI replacing jobs can show you the global trends of artificial intelligence machines. We don’t want to scare or provoke you but to make you think about the future. AI is coming, ready to take our jobs. It’s crazy to imagine that robots and AI could do all our jobs someday. Well, maybe not all, but many.
- In Advanced and Emerging Economies Alike, Worries About Job Automation | Pew Research Center
- 12 jobs that AI will replace in future (saviom.com)
- Deloitte Survey on AI Adoption in Manufacturing | Deloitte China | Consumer & Industrial Products
- How worried are you about job automation? (siliconrepublic.com)
- Technology, jobs, and the future of work | McKinsey