The growth of AI is expected to boost the workforce in the next five years, but the question is: how will it affect existing jobs? According to a recent survey, 50 percent of U.S. employers anticipate that AI adoption will have a positive impact on their workforce. Meanwhile, 30% of employers expect the growth of AI to impact existing jobs negatively. In addition, 61 percent of employers predict that AI will enhance their company’s competitiveness in the future, while only 26 percent predict it will negatively affect their workforce.
While the IT and telecom sectors are expected to dominate the artificial intelligence market in 2020, the healthcare sector will see the largest growth. These segments are expected to benefit from AI technology because of the increasing automation of healthcare services, and because of patient service trends. AI is already being used in the healthcare industry. A study recently found that artificial intelligence can accurately diagnose stroke patients by analyzing their symptoms and genetic history. These tools can then trigger an alert if any abnormalities are detected.
The AI market is a large one, and China is expected to be the largest contributor. Within APAC, it is subdivided into China, Japan, South Korea, India, and Rest of APAC, which includes Singapore, Malaysia, Thailand, Australia, and New Zealand. In 2021, China will hold the largest share of AI in manufacturing. It is expected to continue to grow at a faster pace than other countries. Regardless of where a company decides to invest in AI, the growth of the market is expected to be significant.