Kaizen 1- Grade 10

AI and the Future of Work: Discuss how AI is changing the job

market and the types of jobs that may be created in the
future. Explain how people can prepare for a future with AI.

A coin has two sides. Just like that every decision we make
every move we take is going to have a good and bad
consequence. We enjoy the advantages of the good side and
accept the disadvantages of the bad side.
We will first take a look at both of the advantages and the
disadvantages of the growth of AI in a human’s daily life.
Advantages of the growth of AI in a human’s daily life:
1. AI has made our life easier
2. It has helped us ease our jobs and serves as a
companion in our houses
3. It reduces the cost of having workers in our home.
Nowadays the workers who come to our houses come
for a very high cost. We can probably avoid it by just
using AI and cleaning the places.
4. It is more efficient and it reduces the work of humans
5. AI can easily handle and process Big Data
 6. AI can fetch insights faster from processed data which
allows faster Decision-Making. AI also has continuous
availability and does not require breaks like humans.
7. AI-powered Digital Assistants can easily interact with
customers and reduce workloads of customer service
staff by resolving customer queries through chats.
8. AI helps to mitigates risks as AI systems can be deployed
in environment which are hazardous to humans.
9. AI can uncover trends and patterns from a given dataset
faster than humans which makes AI suitable for
decision-making.
10. AI systems can assist organizations in designing and
improving processes as well as workflows
Disadvantages of the growth of AI in human’s daily life
There are various and much more disadvantages. They are
listed as below shown in points.
1. AI increases human dependency on machines which can
lead to laziness.
2. AI implementation requires businesses to invest in
advanced infrastructure and training the employees
which makes AI expensive.
3. AI implementation can likely cause an increase in
unemployment as AI systems can perform work of
multiple human workers at once
4. AI uses a set of algorithms for predictions which makes
AI systems practical. These are less creative and
innovative in challenging situations.
 5. AI cannot understand emotions which is a key aspect in
sales and marketing
6. It is difficult to implement ethics in AI systems.

Now who am I kidding? This is the AI future. We try to stop it

or not it is going to come or more precisely it has already
entered in our world. We people have also become more
addicted to the AI that we cannot stop ourselves from it.
Even this is in one side on the other side people have their
future in their hands.
Some people think it is the survival of the fittest. They think
that the robots which are coming towards are going to take
away our living.
No it is not. Stop living in the life of conservatists. If AI grows
much more we can find much more solutions for things. We
can even find more jobs. It is going to be like our pet. It does
the thing we ask it to do. Unless and until we have home
cleaners our jobs would not be hurt.
It can rise our standards of living and it can help us with our
needs and deserves.

“AI” has become a catchall term to describe any

advancements in computing, systems and technology in
which computer programs can perform tasks or solve
problems that require the kind of reason we associate with
human intelligence, even learning from past processes.
This ability to learn is a key component of AI. Algorithms, like
the dreaded Facebook algorithm that replaced all our friends
with sponsored content, are often associated with AI. But
there is a key distinction.

As software journalist Kaya Ismail writes, an algorithm is

simply a “set of instructions,” a formula for processing data.
AI takes this to another level, and can be made up of a set of
algorithms that have the capacity to change and rewrite
themselves in response to the data inputted, hence
displaying “intelligence.”

A couple times recently, AI has come up in conversation with

a client or an associate, and I’m noticing a fallacy in how
people are thinking about it. There seems to be a sense for
many that it is a phenomenon that is only likely to have big
impacts in the tech world.

In case you hadn’t noticed, the tech world is the world these
days. Don’t ever forget when economist Paul Krugman said in
1998 that “By 2005 or so, it will become clear that the
Internet’s impact on the economy has been no greater than
the fax machine’s.” You definitely don’t want to be behind
the curve when it comes to AI.

In fact, 90% of leading businesses already have ongoing

investment in AI technologies. More than half of businesses
that have implemented some manner of AI-driven
technology report experiencing greater productivity.

AI is likely to have a strong impact on certain sectors in

particular:
Medical:

The potential benefits of utilizing AI in the field of medicine

are already being explored. The medical industry has a robust
amount of data, which can be utilized to create predictive
models related to healthcare. Additionally, AI has shown to
be more effective than physicians in certain diagnostic
contexts.

Automotive:

We’re already seeing how AI is impacting the world of

transportation and automobiles with the advent
of autonomous vehicles and autonomous navigation. AI will
also have a major impact on manufacturing, including within
the automotive sector.

Cybersecurity:

Cybersecurity is front of mind for many business leaders,

especially considering the spike in cybersecurity breaches
throughout 2020. Attacks rose 600% during the pandemic as
hackers capitalized on people working from home, on less
secure technological systems and Wi-Fi networks. AI
and machine learning will be critical tools in identifying and
predicting threats in cybersecurity. AI will also be a crucial
asset for security in the world of finance, given that it can
process large amounts of data to predict and catch instances
of fraud.

E-Commerce:
AI will play a pivotal role in e-commerce in the future, in
every sector of the industry from user experience to
marketing to fulfilment and distribution. We can expect that
moving forward, AI will continue to drive e-commerce,
including through the use of chat-bots, shopper
personalization, and image-based targeting advertising, and
warehouse and inventory automation.

AI can have a big impact on the job search

If you are moving forward with the hope that a hiring

manager may give you the benefit of the doubt on a small
misstep within the application, you might be in for a rude
awakening. AI already plays a major role in the hiring
process, so much so that up to 75% of resumes are rejected
by an automated applicant tracking system, or ATS, before
they even reach a human being.

In the past, recruiters have had to devote considerable time

to poring over resumes to look for relevant candidates. Data
from LinkedIn shows that recruiters can spend up to 23
hours looking over resumes for one successful hire.

Increasingly, however, resume scanning is being done by AI-

powered programs. In 2018, 67% of hiring managers stated
that AI was making their jobs easier.

Despite the increasing prevalence of automation and

algorithms in the hiring process, many have been critical of
the use of certain types of AI by hiring managers, based on
the charge that it can perpetuate and ever create more bias
in hiring.
One particular example is illustrated by HireVue, a startup
whose initial services included technology which aimed to
use facial recognition software and psychology to determine
the potential effectiveness of a candidate in a certain role.
The Electronic Privacy Information Center filed a lawsuit with
the Federal Trade Commission alleging that this software had
the potential to perpetuate bias and prejudice. HireVue
discontinued use of facial recognition software in early 2021,
and now uses audio analysis and natural language
processing.

It’s clear that the use of certain types of AI in the hiring

process will likely be controversial as new technology
develops. However, if potential employers are using AI to
process your application, there is no reason that you cannot
be utilizing similar technology to your advantage.

 Jobscan is an excellent resource that

provides similar resume scanning to what
would be used by a hiring manager. By
comparing your resume to a job
description, Jobscan will give you
information on how to tweak your resume
so that it is a good match for a certain
position, with the goal of “beating” an
application tracking system (ATS).
 Jobseer is a browser add-on, and another
great AI-based tool for those on the job
market. Based on a scan of your resume,
as well as keywords and skills related to
your desired jobs, Jobseer will help match
 you with the job listings that best fit your
experience. For each listing, you get a
rating based on how well you are aligned
with the particular posting, as well as
recommendations of skills to add to better
position your resume and experience.
 Rezi: Now, as a disclaimer, I would never
encourage you to turn your resume writing
over to a bot. But Rezi is an awesome AI-
based resume builder that includes
templates to help you design a resume
that is sure to check the boxes when it
comes to applicant tracking systems. This
is a great jumping off point to kickstart a
new resume. Another great way to use
this type of tool is to generate a new
resume, and compare it to your current
resume to see how it stacks up, and
identify some areas for improvement.

AI is also a great place to focus your energy if you are looking

to upskill in your career, or make your professional profile
more competitive in the job market, especially when you
consider that AI will have such far-reaching impacts across
many industries.

AI and machine learning are at the top of many lists of

the most important skills in today's job market. Jobs
requesting AI or machine-learning skills are expected to
increase by 71% in the next five years. If you’d like to expand
your knowledge base in this arena, consider some of the
great free online course offerings that focus on AI skills.

If you are tech savvy, it would be wise to dive deep and learn
as much as you can about interacting in the AI space. If your
skills lie elsewhere, it is important to recognize that AI will
have a big impact, and to the extent of your abilities, you
should try to understand the fundamentals of how it
functions in different sectors.

AI is definitely here to stay, whether we like it or not.

Personally, I don’t think we have anything to be afraid of. The
best way to move forward is to be aware of and adapt to the
new technology around us, AI included.

This article was updated on April 16, 2021, to reflect changes

in HireVue’s assessment tools.

Elon Musk, Ken Griffin and 45 other billionaires have bragging

rights as the richest person in their state but plenty of others,
including Bill Gates, missed the cut.

Nearly every state in America is now home to at least one

billionaire. For the first time since 2019, Forbes scoured the
nation to find the richest person in every state and found
billionaires living in 47, up from 44 the last time we looked.

There has been plenty of turnover in the past four years, with
nearly a third of the country’s 50 states featuring a new face
at the top. That includes Texas and Florida, now home to two
of the world’s wealthiest political exiles, Elon Musk and
Citadel’s Ken Griffin, both of whom claim to have left their
former states for more business friendly (not to mention,
lower tax) home bases.

Nine members of the list became billionaires over the last

four years, including solar manufacturer Array Technologies
founder Ron Corio, who is New Mexico’s first billionaire.
Alabama, New Hampshire and Vermont also have a
billionaire in residence this time around after previously not
having one.

The only states still without a billionaire are Alaska, Delaware

and West Virginia.

In the case of the latter, recently retired Intuit CEO Brad

Smith, who moved back home to become president of
Marshall University, tops the state’s governor, Jim Justice,
who lost his billionaire status in 2021 due to heavy debts, as
the Mountain State’s richest person.

It’s a tough list to make. Just ask Bill Gates, whose $116
billion net worth is still not enough to rank him as the
wealthiest resident of Washington. Only five people on the
planet are richer than Gates–unfortunately, one of them, Jeff
Bezos, lives in the same town. The competition is particularly
fierce in the four states with the most billionaires: more than
60% of the 775 billionaires who reside in the U.S. live in
California (179), New York (130), Texas (73) and Florida (92).

In all, the 54 people (due to ties) on this year’s list are worth
a combined $1.5 trillion–nearly double the record $875
billion in 2019. America’s (and the world’s) richest person
Elon Musk (net worth: $230 billion) made the cut, though
three of the country’s top ten wealthiest people did not. Like
Gates, former Microsoft CEO Steve Ballmer ($102 billion) also
trailed Bezos ($149 billion) in Washington, while Sergey Brin
($100 billion) was beat out by his Google cofounder Larry
Page ($105 billion) in California.

The average age for the richest resident of a U.S. state is 73

years old, with Walmart heir Lukas Walton (36) of Illinois and
Maryland-based Annette Lerner (93), the widow of
Washington Nationals owner Ted Lerner (d. February 2023),
bookending the list. Nearly two-thirds of these billionaires
and centimillionaires are self-made, while the rest inherited
their fortunes, actively expanding them in nearly half of
those cases. More than half of them made their money in
just four industries: finance & investments (9), fashion &
retail (8), food & beverage (6) and technology (6).

Here are the richest residents of each state (net worth are as
of June 12):