Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 46 , 01 December 2023
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Access | Article
Navigating the AI Revolution: Job Replacements and New Opportunities in the Labor Market
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Abstract
This article investigates the relationship between AI and the labor market, with a specific focus on job replacements and new opportunities. It examines the impact of AI on various sectors such as technology, law, medicine, finance, and creativity. AI has revolutionized work by automating repetitive tasks and, consequently, displacing certain job roles. However, it has also generated new avenues that demand a combination of technical expertise and human skills. To thrive in this evolving landscape, individuals and organizations must adapt to the changing nature of work and harness AI's potential for innovation and productivity. While embracing AI-driven advancements, it is crucial to uphold human values and ethics. The article emphasizes the need for a harmonious association between humans and AI in the labor market. By leveraging the unique strengths of both, individuals and organizations can drive efficiency, creativity, and productivity. This entails cultivating agility and adaptability to navigate the transformative impact of AI. Organizations must proactively integrate AI as a tool to enhance productivity and create new opportunities while ensuring that the human element remains integral to decision-making and problem-solving processes.
Keywords
artificial intelligence, labor market, industrial revolution
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-139-1
- ISBN (Online)
- 978-1-83558-140-7
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/46/20230309
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited