Artificial Intelligence, or AI, is definitely a buzzword right now. Most people have heard about it, but do you really know what it is? A lot of people are afraid of the AI in the workplace. What is this beast?

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SwissCognitive, AI, Artificial Intelligence, Bots, CDO, CIO, CI, Cognitive Computing, Deep Learning, IoT, Machine Learning, NLP, Robot, Virtual reality, learningThis fear is usually caused by the unknown. You don’t know what it is exactly, so you become afraid of it. Maybe one is fearful of how AI is transforming the workplace, or might eventually affect their life, personally.

Artificial intelligence sparks many misconceptions. Misconceptions that arise from this experienced fear together with either misinformation or a total lack of information on the subject. This article will go through some of the main misconceptions, and try to bring it down to earth a bit, and explain what AI means and how it might affect your life.

1. “AI will take over my job”

That is probably the main fear and misconception among people. Will artificial intelligence suddenly push me out of the job market and into long-term unemployment? Well, yes and more importantly, no. AI will eventually take over an increasing number of positions. As AI improves, it will be more efficient and will perform certain tasks better than any human on this planet. For example, AI can compile vast amounts of data from various sources, process the data in a matter of seconds, and give you the best possible suggestions for what actions to take. A human is just not able to do this on the same scale.

But what does that mean for your job? Well, in most cases it doesn’t mean unemployment. The many initial years, it will merely mean that the AI will assist you with more of your mundane tasks, while you’ll have more time for the creative parts of your work. You’ll have time to come up with new ideas, more data to base your decisions on, and basically, have more time to focus on the fun instead of the everyday responsibilities. It could also mean you have more time and energy for specializing the skills you’ve acquired through education and experience.

Yes, over time it will, in many cases, mean a change of title or job description. As in, you will not collect and organize data following the same manual methods anymore. Instead, someone will analyze and review the suggestions that the AI may present based on the collected and analyzed data. Likewise, you will still need people to “think out of the box,” come up with new great ideas and leverage the AI computing power to solve current and future issues. […]

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