“By 2022, half of the human workforce will be wiped out” “Robotics and machinery will take over” “Automation will take up your jobs”
These are some of the common phrases people say and circulated, usually on LinkedIn walls and in Op-Ed articles. What is the credibility of these statements, and to what extent will automation REALLY impact human labour?
The World Economic Forum published a report on 17 September 2018, titled The Future of Jobs 2018.
As per the report, by 2022 humans will perform 58% of the task hours while machines perform 42%.
So is it a scary warning of the upcoming doomsday for job-seekers?
Yes, Ai Will Destroy Jobs
It will. But the good news is, it will create more jobs than that.
As per the Gartner’s insightful predictions for the future, Ai will be the driving force behind the creation of a whopping 2.3M jobs while only eliminating 1.8M jobs.
That makes it a positive net job motivator!
Even the latest report on the future of jobs by WEF discloses the revelation by 59% of employers who believe that by 2022, they will heavily change the way they produce and distribute by changing the composition of their value chain.
Another insight from the same report reveals that businesses will grow by leaps and bounds within the four-year period of 2018 to 2022. The report accredits this development to the following four components:
High-speed mobile internet
Widespread adoption of big data
Hence, it becomes evident that Ai will transform the business and consumer realms. This will replace some jobs but will also lead to a demand for new skills and individuals flaunting these skills.
This is because Artificial Intelligence though being a smart technology still requires inputs and efforts of a human to make it a widespread reality. The abundant need of developers, product designers, Ai-strategists will only create a positive tremor in the job market. The inexpensive technology will be incorporated in products (courtesy Internet of Things) before they are created.
One could either work on themselves to uphold the title of a ‘versatilist’. Or, they could specialise and upgrade their skills. The sooner an individual realises the scope and purview of Ai-compatible skills, the better it is.
Ai-Compatible Smart Skills
It makes complete sense for an individual to chalk their future by leaning towards a career influenced by emerging technologies.
AI and data science courses are preliminary before taking a dive in the field. They are a great method to be aware of the magnificent scope of the industry.
With concerted efforts from multi-national companies like Google, Apple, Microsoft and organizations like NIPS, Re-Work, O’Reilly, Gartner, one can keep in touch with the latest developments through seminars and conferences which are mostly live-streamed.
Keeping up with the trends is otherwise also feasible through very accessible means of internet. But beware, do not get carried away by diluted statements like the ones you read at the start of this article.
The first movers to an Ai-based industry are Financial Services and Investors, Automotive, Aerospace and Supply Chain and Transport, and Oil and Gas. Other sectors are Aviation, Travel & Tourism, Chemistry, Advanced Materials & Biotechnology, Consumer market, Energy Utilities & Technologies, Global Health & Healthcare, Information & Communication Technologies, Infrastructure, Mining & Metals, and Professional Services. Such knowledge of Ai-oriented jobs in the market will make it helpful for an aspirant to make a career choice.
If you truly see yourself rooting for a career with passion and everyday developments, it is not difficult to find companies around who are also looking for avid learners like you. Unleash the positive change through Ai. Discerning true AI companies and going on-board with them is all it takes to create a fulfilling career marked by new learning every day.
AI can be intimidating. But it is only will you take a plunge and invest your mind in it. Training with Ai requires serious effort but then, which profession doesn’t?
World’s first country to establish the “Ministry of Artificial Intelligence”, UAE is all geared up for Ai-assisted healthcare transformation. An estimated 62% of the people in UAE already welcome the implementation of Ai and robotics in personalized healthcare services. Healthcare is deemed to be the most influenced field by the use of Artificial Intelligence. This disruptive technology has already touched major milestones in multiple levels of healthcare services:
• Investment in Ai accelerates the achievement of innovative healthcare breakthroughs. Ai also results in huge economic outcomes and growth opportunities for the youth and young entrepreneurs
• The power of Ai to assess vast amounts of data faster, more efficiently and accurately saves valuable time. The use of Ai in analytics frees up other resources in radiology, cardiology and pathology diagnosis
• The expedited ability of Ai to determine and predict human behavioral patterns more precisely makes it ideal as preventive technology
• Ai as assistive technology makes it possible to achieve patient data on-the-go. Ai can provide personalized healthcare through wearable devices without the involvement of human attendants
• Human attendants can be replaced by Ai monitoring equipment in critical care units
• Precision medication is possible with using Ai not only preventing over-dosage errors but also introducing the possibility of custom medication
• Ai-assisted robotic surgery brings ground-breaking improvements in surgical procedures. Ai ensure increasing service efficiency and diminishing chances of miscalculation and complications
AI INNOVATION AND EMPLOYMENT OPPORTUNITIES FOR YOUTH
As per CB Insights, healthcare is actually the most popular area for investment within Ai. A record rate of companies are entering the field of AI healthcare every year. In the Middle East alone, the investment in Artificial Intelligence represents a magnanimous opportunity of up to $320 billion. A new report says that Artificial intelligence is set to give the UAE economy a $182 billion boost by 2035.
More fiscal allocation into Ai education and innovative start-ups means more employment opportunities and greater scope for the youth. A 2016 report from CB Insights actually shows that by 2020, 86% of healthcare provider organizations, life science companies, and technology vendors to healthcare will spend an average of $54 million dollars on Ai Projects.
His Excellency Omar Sultan Al Olama, the UAE Minister of State for Artificial Intelligence, shared his point of view at the launch of the UAE’s first-ever AI Summer Camp this year, “Artificial intelligence (Ai) is going to save the UAE billions of dirhams – and could help save lives – when it becomes fully integrated by the government.” The future of Healthcare looks particularly Ai driven however you look at it. Google certainly sees it that way having been turning its focus to healthcare. Google plans to use Ai for the purpose of detection, diagnosis, and treatment of diseases including diabetes, Parkinson’s Disease, and heart disease, among others.
Ai AS PREVENTIVE TECHNOLOGY – DIAGNOSTICS AND ANALYTICS
As far as diagnostics and analytics are concerned, Ai is significantly useful in the fields of radiology, cardiology, and pathology. Having the power to assess mountains worth of data at an incredible speed, there is no human comparison for Ai. In fact, the prowess of Ai in predicting disease patterns makes it the future of preventive technology. In cases where even the smallest nuance can help identify the direction of a disease, AI definitely transcends the human eye. Such as in medical imaging where it is important to drill down to the pixel level to study disease patterns.
As Jeffrey Golden, MD, Chair of the Department of Pathology at BWH and a professor of pathology at HMS, puts it, “Ai can screen through slides and direct us to the right thing to look at so we can assess what’s important and what’s not. That increases the efficiency of the use of the pathologist and increases the value of the time they spend for each case.”
ASSISTIVE AI AND VIRTUAL CLINICIANS
Another area of great interest for Artificial Intelligence is its application in clinical decision support. Ai devices can be used to regulate patient symptoms, medication, and medical advice. With smartphones having the ability to track even the heartbeats or footsteps of the user, a large amount of healthcare data is being generated all the time. Ai can use this data to extract valuable insights into patient information. These insights can further guide the patients in staying ahead of, for instance, the symptoms of a genetic disease. In the same way, Ai can also help the physicians in delivering better healthcare services.
Dr. Mariam Matar, Founder & Chairperson of UAE Genetic Diseases Association, is very hopeful about using Ai for reducing the effect and prevalence of genetic disorders, “Inherited genetic mutation does not largely decide our destiny anymore. Advances in genetics has transformed preventive medicine for the better. Technology such as next-generation sequencing has uncovered the genes responsible for more than 50 per cent of all rare diseases.”
Immunotherapy is perhaps the most promising avenues for using Ai to study the growth and behavior of cancerous tumors. AI can further help develop a system using body’s own immune system against the malignant tumors. This is vastly possible through the use of machine learning algorithms. These algorithms use insights based on individual’s unique genetic makeup and data-sets to qualify for a suitable therapy option.
PRECISION MEDICINE AND Ai ASSISTED SURGERY
According to a study, dosing errors make up 37% of all preventable medical errors. Approximately, 100 undetected dispensing errors can occur each day as a result of the significant volume of medications dispensed. Leveraging AI to determine and administer correct dosage of medication can benefit both patients and doctors. This is especially true for events where the correct dose is critical to ensuring success in a surgery such as in organ transplant.
Done the right way, the implementation of Artificial Intelligence in healthcare could literally translate into massively improving healthcare industry practices. Dr. Mazin A. Gadir, Senior Specialist at The Executive Office for Organizational Transformation, currently responsible for Dubai Health Authority’s Artificial Intelligence Program, says that in the UAE all healthcare facilities are working alongside the authorities towards putting together plans and finding partners for AI integration while “the challenge is on how to operationalise AI into healthcare.”
Artificial Intelligence based healthcare system offers major breakthroughs towards dramatically improving clinical productivity. The future, as we see it, will reveal a huge transformation in healthcare landscape within the next decade.
VR has truly disrupted the conventional therapeutic techniques and protocols coming to forth as an assistive technology that helps children with disabilities like Autism Spectrum Disorder (ASD), on a personal level and enables to remove some of the physical limitations that get in the way of their learning and development. Floreo, a VR company, specialized in ASD, is now penetrating its way in the Middle East to bring groundbreaking innovation in the Special Needs Education sector by offering VR learning tools designed to help improve social cognitive skills in autistic children.
Virtual reality provides conducive environments for children with special needs to interact with their surroundings in a different way, practice essential physical skills and support their rehabilitative goals. In the Middle East, immersive technologies innovation company VRXOne has been working to bring this technology to institutes and medical facilities for children with special needs, having recently conducted VR camp for the disabled during Bahrain Summer Festival 2018. Their One Million VR Expeditions program also puts a particular emphasis on the Special Needs Education.
Co-founder & CEO of VRXone and the ARVR & Ai Strategist MENA, Dr. Sana Farid belives that VR has transformed the domain of Special Needs Education forever, “There is a lot to be said about the way Virtual Reality has revolutionized the Special Needs Education by providing a customized approach and a unique set of learning and growth opportunities for students with disabilities, which was not possible before.”
Joining hands with Floreo – a VR startup working to help children with Autism Spectrum Disorder (ASD), VRXOne is working to extend the potential of Virtual Reality as a supplementary method to help develop social and communication skills for children with Autism Spectrum Disorder. ASD is a developmental disability that typically restricts communication and interaction with others including difficulty in understanding complex facial expressions and to even recognize faces, causing significant social problems.
Unfortunately, little is known about diagnosis and treatment of ASD, and even the access to available therapy is limited for the majority. Although evidence states that early intervention treatment services can help with social skills development for children. To this end, Floreo is leveraging the potential of VR technology in facilitating multimodal adaptive social interaction integrating repeatable and supervised learning environments, automated performance data collection , and accessible, affordable therapeutic treatment. Floreo uses customized VR lessons to build real world skills that incorporate using/shifting eye gaze, cognitive development with the help of imitation and use of gestures, interaction in school environments, as well as various safety situations. Vijay Ravindran, Co-Founder & CEO of Floreo, talks about the pros of using VR for ASD saying:
“Virtual really allows the creation of immersive teaching environment that occur in 3D space, allow for repeatable practice, and can be designed to meet the learner where they are in complexity. We’re excited to partner with Dr. Farid and VRXOne to bring Floreo’s ground-breaking science-backed curriculum to the Middle East.”
The on-going research has already proved the effectiveness and usefulness of VR-based design system and places high hopes in the power of this technology to help bridge the gap between society and people affected with ASD by helping to considerably improve their social interaction.
Floreo is leveraging the power of Virtual Reality to develop a supplementary method of teaching social and communication skills for individuals with Autism Spectrum Disorder (ASD). Our VR learning tool is fun and engaging for the learner, while allowing a supervising adult to monitor and track the learner’s progress. Floreo is currently being used by schools, therapy practices, and parents. We are also running several research studies, including a study with the Center for Autism Research at Children’s Hospital of Philadelphia and National Institutes of Health.
VRXOne is a comprehensive virtual reality program for education and training.
With the use of creative and immersive technologies as well as hands-on practical tools, VRXOne offers cutting-edge customizable solutions applicable for any education or training environment in an efficient and risk-free manner while capacitating maximum optimization of productivity.
VRXOne aims at transforming the face of learning and development technologies in the Middle East as well as internationally by integrating a global operating framework interweaved with corporate and economic vision.
Goldman Sachs, a US-based multinational investment bank and financial services company predicts an investment of $700 million in the AR/VR applications in education by 2025. Will Mixed Reality in education also be as successful and promising contributor like other wearables applications in the market?
More than three years ago, the Florida-based company Magic Leap had released the first teaser video of its Augmented Reality glasses. Firm assertions were made by the company that the soon-to-be-unveiled device would be a disruptor and a game-changer in the wearables market.
Cut to August 2018, the much-awaited, much-anticipated, touted as groundbreaking Augmented Reality headset, Magic Leap One Creator Edition has been unveiled by the company. The headsets are available to developers in cities across the contiguous US.
The Creator Edition is intended for programmers so they can build applications and experiences on the platform.
Magic Leap claims that its device will present an unparalleled experience of ‘spatial computing’.
This claim is truly substantiated by the built of the wearable device. With elements like eye and hand-tracking technology that coordinate movements between the headset and a person’s body, Magic Leap devices have an aptitude of being more than just digital overlays. Its cameras, sensors, speakers, optical relay and a super-powered processor in the Lightpack give input to the visual system. It is linked through a wire to a small computer which can be clipped to a pocket.
With eight supported gestures, the device will maneuver the movement of students within the environment. It will also come with sensors to detect their movements. In a classroom, such kind of interaction allows digital elements to be a part of the real world. When such deeper interactions can be built in an environment, students experience a profound simulating experience where their real world is combined with real-like graphics. This brings them the best of both worlds. The simulations multiply their access to the world while they are still learning in their classroom environment.
Interestingly, the device can also react to the gaze, gestures, gait, voice and even the heartbeats of its user. This is made possible by tracking their geo-location in the world. A teacher can create penetrating learning experiences and show different concepts through an intelligent symbiosis of sensors, machine learning and visuals.
The Light Field technology used, enables the user to focus on graphic objects in the same way as a human eye would focus on real objects. Through this method, Magic Leap excels at constructing an altered or augmented world around a user.
In a demo video released by the company, a user was seen holding an elephant at the palm of his hand. While the elephant was a reel object, the user interacted with it much like it was actually present.
This is essentially where the device stands out. The reel objects are spatially aware of their environment.
So when this elephant would walk towards the edge of the table, it would actually fall down, just like a real one would. Through amazing spatial audio, the distance and intensity are devised with amazing accuracy and control.
Will Magic Leap in education be the groundbreaker it claims to be? Let’s wait till the user reviews start pouring.
Success stories are a result of courageous decisions. Nothing beats hard work and passion when accompanied by persistence.
Women in business are making big. Many working women out there are helping in making workplaces more inclusive and collaborative. A workplace with justice for both genders creates balance and stability.
It has been a known fact that women have excelled in education, even after women education hasn’t been a priority in many households. So what made things better on the professional front? While girls have won academic battles and brought home laurels, many other characteristics helped the world believe that women in business were an essential.
The proven ability of women in being emotionally intelligent helps them to understand their team, frame strategies, and win the support of peers. The revolution for women empowerment has helped us come so forward. And to fight the odds and come out victorious has only been possible because of never-dwindling courage of women in business.
Another factor that helps women succeed on the professional front is their ability to express their thoughts in a way the listener understands. Most women are able to present their thoughts concisely given that they self-introspect a lot. This can be another attribution to their well-preparedness.
When a woman is judged of being less capable, it instills some apprehensions. For that matter, when this woman will face a big client, or deliver a deal-breaking presentation, she will be more conscious, prepare more, work harder, to prove her mettle and contribute for the company growth. Challenges make a person and someone who has dealt with them will even be more prepared.
When a woman in a family steps out to make a living, it passes on to the future generations. Statistics have revealed that women with working mothers develop confidence and job preparedness better than other women whose mothers stayed at home. While home-making is a serious business as well, for women in business, it is certainly helpful when it runs in the family. The reason is simple – such women are aware of how hectic the job can get, accept their challenges well enough, and are more aware of the accepted payroll in the industry.
In various economic sectors, women are leading. A comparison between men and women leaders will be highly skewed, but the gap is decreasing.
Women leaders in professional, scientific, and technical services – 15.4%
Women leaders in real estate and rental and leasing – 9.5%
Women leaders in retail trade – 5.6%
Today, women leaders hold approximately 17% of the boardroom chairs in the Fortune top 500 companies against a feeble 9.6% in 1995 [Source].
Amongst the strong women leaders who shone in their careers are Facebook COO Sheryl Sandberg, Indra Nooyi, Pepsico CEO, YouTube’s CEO Susan Wojcicki, IBM CEO Meg Whitman and HP CEO Virginia “Ginni” Rometty.
Success stories of many curious and focused women prove that there’s no barrier that cannot be overcome. If you aspire to be a working woman, steer clear of the naysayers and clarify your purposes, and challenge your possibilities.
To do what you love and to love what you do, is the key.