Artificial Intelligence and Employment: Issues and Challenges

Artificial Intelligence and Employment: Issues and Challenges

Copyright: © 2023 |Pages: 13
DOI: 10.4018/979-8-3693-0418-1.ch014
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Abstract

Technological progress in the form of information technology has helped industries immensely by operating efficiently and competitively. In the past decade, the pace of progress in information technology, especially in the area of artificial intelligence, has transformed the way these industries function. Today, almost every aspect of production and business activity is influenced by artificial intelligence. While such transformation has greatly benefited production activities, its impact on social constructs, especially employment, is a matter of debate. This chapter studied the potential impact of artificial intelligence on employment. Based upon the review of the research studies from across the globe, the study concludes that adoption of artificial intelligence will have a positive impact on economic growth, whereas its impact on employment to a great extent depends upon the technology absorption capacity of the economies and the government's ability to incorporate the existence of artificial intelligence while preparing policies meant to mitigate the concerns of society.
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2. Artificial Intelligence

In a simple sense, artificial intelligence is the process by which machines, particularly computers, imitate human intelligence processes. OECD (2006) and UNCTAD (2017) defines artificial intelligence as “the ability of machines and systems to acquire and apply knowledge and to carry out intelligent behaviour”. Under artificial intelligence, machines are designed to learn from experience, think, work, make decisions, and perform tasks like humans.

The concept of innovation in technology is as old as the invention of technology itself. As far as the idea of artificial intelligence goes, it came into existence even before the invention of computers. Ancient thinkers developed this idea of mechanizing non-human machines with human thinking (Gerber & Hiernaux, 2022). Their idea got a boost with the invention of programable digital computers in the 1940s. The invention of computers encouraged scientists to visualize and materialize the development of the electronic brain, which today is known as artificial intelligence (Copeland, 1993). This idea of including human intelligence in machines in the form of artificial intelligence can be traced back to the 1940s, when Warren Ms. Culloch and Walter Pits proposed a model of artificial neurons. This was followed by demonstration of a rule called Hebbian Learning. Hebbian learning is Donald Hebb's rule for changing the strength of connections between neurons. In 1950, Alan Turing, a mathematician by profession, published an article titled ‘Computing Machinery and Intelligence,” in which he proposed a test to measure machines ability to replicate human behaviour (Turing, 1950). During the same decade, Johan McCarthy coined the term artificial intelligence (Kim, 2022).

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