Home / Tech / Emmitt Smith on AI & Future-Proofing Your Career | FABTECH 2023

Emmitt Smith on AI & Future-Proofing Your Career | FABTECH 2023

Embracing AI in the ⁤Workplace: Augmentation, Not automation, is the Key to Future Success

The rise of Artificial Intelligence (AI) is sparking both excitement and anxiety, especially regarding its impact on⁣ the workforce. However, the most triumphant path forward⁣ isn’t about fearing replacement by robots. It’s about strategically augmenting human capabilities with AI, creating a synergy that boosts productivity, improves job satisfaction, and drives business growth.

This ⁣article explores how businesses‍ are successfully integrating AI, focusing on real-world examples ‍and expert insights⁢ to demonstrate the power‍ of a human-centered approach to automation.

The Human-AI Partnership: A Powerful Combination

The narrative of “robots taking our jobs” is largely a misconception.Leading industry experts⁢ agree that AI’s true potential lies ⁢in enhancing, not replacing, human workers.

Craig⁣ Ulrich, CEO of industrial automation firm Acieta, emphasizes this point: “The human plus automation and AI is the ⁢perfect combination.” Humans excel at complex decision-making, troubleshooting, and innovative ⁤problem-solving – ‍skills AI currently struggles to replicate.

Rather of viewing AI as a threat, businesses should focus on deploying it to:

* ⁣ Eliminate tedious tasks: Free up employees from repetitive, mundane work.
* Enhance safety: Take over perilous jobs, protecting workers from harm.
* Improve job satisfaction: Allow employees to focus on more engaging ⁣and‍ challenging aspects of their roles.

Strategic​ Implementation: Knowing What to Automate (and What Not⁢ To)

Successful AI implementation isn’t about blindly adopting the latest technology.It requires careful planning and a deep understanding of your specific processes.

Ulrich advises companies to:

* ⁣ Prioritize high-turnover roles: Reduce hiring burdens⁣ by automating tasks within positions that frequently experience vacancies.
* Distinguish between automatable and non-automatable tasks: Not everything can or should be automated.
* Partner with experienced integrators: Off-the-shelf solutions often fall short.Specialist expertise is crucial for tailored ​implementation.
* Set realistic expectations: ⁤ Automation isn’t a magic bullet. ​A thorough understanding of your product and process is essential.

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Real-World AI successes ⁣in Manufacturing

The benefits of embracing AI are already being realized across various industries, particularly in manufacturing. Kate Brown, partner for manufacturing data and analytics at Wipfli, highlights compelling data demonstrating the positive impact of AI investment.

Companies investing over 20%‍ of revenue in AI​ and⁣ automation are:

* 23x more likely to acquire other companies.

* 18x more likely to remain profitable.

* ​ Generate $40,000 more revenue per employee.

Here are a few ‍specific examples of how‌ AI is driving tangible results:

* Predictive Maintainance: One client reduced unplanned downtime by 30% and maintenance costs by 20% by using sensors and AI-powered predictive maintenance (leveraging Microsoft Copilot). This directly boosted output and ‍customer satisfaction.
* Knowledge ⁣Transfer: ‌AI transcribed and summarized videos of a retiring expert, creating a readily accessible knowledge base for new employees. This ensured critical expertise ‌wasn’t lost with the employee’s departure.
* Process Automation: AI automated a complex billing process,⁢ saving each biller 200-300 hours per month.

Brown emphasizes a practical approach:​ “Think big, start small, and then scale fast.” ⁤

the Importance of Human Oversight

While AI can handle notable workloads, human oversight remains critical.As Brown ‌points ⁢out, “Agentic AI can alleviate a lot of manual effort, but a person still has to ⁢review its findings and recommended actions.” AI‍ should be viewed as a​ powerful assistant, not an autonomous replacement.

Addressing‍ Concerns: Jobs at Risk & Future-Proofing Your Workforce

It’s⁣ important to acknowledge that some jobs are at higher risk of automation. Recent reports indicate that roles in manufacturing, healthcare, and customer service are particularly vulnerable. (See eWeek’s coverage on the top 10 jobs at risk of being replaced by⁤ AI).

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Though, this doesn’t necessitate widespread job losses.Instead, it calls for proactive‍ workforce development and reskilling ‌initiatives. Investing in training programs that equip employees with ‌the skills to work alongside AI⁣ will ​be crucial for navigating the evolving job market.

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