Thursday, November 30, 2017

Week #14- Article #2

This week I read another article that my professor wrote, this one was also about Artificial Intelligence. In this article he says his goal was to find evidence that AI wasn't going to be a big thing in the upcoming years, but he says he couldn't really find anything. In the accounting/finance world, he says the short/medium term outlook for them is okay. but the medium/long term outlook is down. He says that no one can say when or how soon, but there is a lot of evidence that AI is going to take over at a certain time in the future. 

The next are he looked at was Business Analytics/ Marketing. He says that the short-medium term outlook was excellent and that the medium- long term outlook was excellent as well. Business analytics is a fast growing area continuously year after year. On LinkedIn's list of top skills that people get hired for in 2017, it said that in the top 10 there was; Statistical Analysis and Data mining, and data presentation. The risk for automation of these jobs is still there, but not as greatly as it was in finance. 

The third are he looked at was Entrepreneurship. Entrepreneurs help to create jobs for people. 
But the nation is still trying to recover from that huge recession that happened a couple of years ago and this makes it hard for creating new jobs. Small businesses have been the most powerful generator of new jobs. He adds in that a survey from Bentley University says that millennials feel that career success will require them to be more entrepreneurial. Then he says, "as a society, we should do everything we possibly can to empower every young person to learn about entrepreneurship, including opportunities to take classes, participate in workshops and get support from business mentors." 

The last area that he talks about is Human Resources/Management. The short-medium term outlook for this is okay and the medium-long term outlook is also okay. The whole point of HR is to have human contact, but he says that there are aspects of HR work that can be automated. 

There is going to be a constant demand for Business Analytics and Digital Marketing. But society needs to prepare themselves for artificial intelligence in their area of work. He has another article that is super informative about artificial intelligence as well. 


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