AI AND ROBOTICS
Significant progress in artificial intelligence and robotics has been made in recent years. They are leading to their far-reaching potential to facilitate. Sometimes, it even replaces human labour, depending on the industry.
Human capital is a limiting factor in adopting AI because of flexibility. Adaptability of these technologies, including robotics, is another one. AI and robotics can perform repetitive tasks with high accuracy and efficiency. So, these technologies can need help to adapt to new situations. Also, tasks that need creativity and critical thinking remain a challenge. In contrast, humans can adapt to new situations or acquire new skills. They are more flexible and adaptable to new tasks.
AI and robotics are unable to understand and interpret contexts. However, AI and robotics can process large amounts of data and recognise patterns. The problem is capturing the nuances of human communication and the relevant. This can lead to misunderstandings and errors. For example, in customer service or areas where human interaction is required.
Furthermore, AI and robotics cannot reproduce humans' emotional intelligence and empathy. AI and robotics can recognise and respond to human emotions. Yet, they cannot understand such emotions or empathise with them. This makes it difficult for AI and robots to build trust and relationships with humans. It is necessary in many areas, such as healthcare, education and customer service.
Despite these limitations, AI and robotics will likely replace humans in the workplace. These include repetitive, dangerous tasks that require a high degree of precision. For example, AI and robotics are already used in manufacturing or warehousing. Furthermore, it automates logistics. Assembly, packaging and sorting tasks. These technologies are also being used in mining and construction, performing tasks that are dangerous for humans, such as drilling and excavation.
But, even in these industries, human capital is still needed. Monitoring and controlling AI and robotics. This is because AI and robotics still need to replicate humans' creativity. Moreover, critical thinking and emotional intelligence will most certainly stay unsolvable. Thus, humans must design, programme, and maintain AI and robotics. Supervising and making decisions in complex situations will need more labour.
Human capital will continue to exist and develop in sectors such as the arts. Furthermore, the humanities and counselling sectors will stay strong. The reasons are the need for critical thinking and emotional intelligence. The corresponding imitation of AI and robotics has yet to be realised.
CONCLUSION
AI and robotics can replace people in the world of work. However, human capital is a limiting factor in their “all-round introduction”. The main reasons for this are the need for more flexibility and adaptability. The inability to understand and interpret correlations or copy humans' emotional intelligence. AI and robotics will only be able to replace humans in the world of work partially. Human capital will continue to endure and develop further. Particularly in areas where creativity, critical thinking and emotional intelligence are essential. Investment in human capital will remain very important to promote further development. They are improving human skills and maintaining the corresponding competitiveness in the world of work.
