Entrepreneurs are equally excited and concerned about the prospects of using AI in the workplace and its effects on employment. James Beattie, the founder of WeTested, a site that gives unbiased reviews on software products, told Work + Money that “businesses involving repetitive tasks or rely heavily on data processing are the most at risk of being automated by AI, like manufacturing, customer service, data entry and even some aspects of finance and accounting.”
But not all is lost for workers in these industries. Beattie believes that “workers and companies can prepare for the changes AI will bring by investing in continuous learning and adapting to new technologies. This might involve learning new skills, pursuing higher education or focusing on creative and strategic aspects of work that are harder to automate.
“AI may be able to augment human creativity and innovation in certain industries or roles, but it is unlikely to replace it entirely. Humans have a unique ability to think abstractly, empathize and make intuitive leaps that AI has not yet been able to replicate.”
Another entrepreneur, Ronaldo Hare, founder of Prem Property, states that jobs in writing, customer service and accounting “will be the first to completely fall, with human input only being needed to review the final result. Give the AI the right level of machine learning, and human input will not even be needed.”
Hare was proactive and began preparing for changes in his business. “As soon as we heard about ChatGPT, I got my team to research implementation into our property management company. [They] researched everything from ebook writing to rent calculation tools. It has affected us — and it’s all we use to write the basis for our blogs, emails and much more. It reduces our admin and production hours, allowing us to focus on areas that are more profitable.”
He suggests businesses “embrace the change. Arrange a discussion with your team — first, to understand AI advancements and, second, to see how AI can benefit your business whatever industry or niche you are in [and finally] to create an implementation plan [and] ensure that it is moldable to the upgrades that will come. Always, remember to use AI, but do not abuse it.”