Will Unemployment Rise Because of A.I?

Technology is rising at such a fast pace that any of us didn’t imagine that there would be so much progress in just past 2 decades. It has seriously made our lives a way lot easier and made our daily work processes much faster. Processes which would have taken many precious hours now only take some milliseconds. How we came to this? I sometimes wonder and this all happened because of many genius brains that are working day and night and are taking technology to new dimensions and levels. Thousands of new pages of researches are formed in one day only and in the matter of technology, innovative minds innovate and comes with new ideas, gadgets, software etc. every now and then. In the list of successful and innovative technologies, artificial intelligence is also present.

Artificial intelligence is a technology that has given new processing capabilities to electronic machines. Now you just have to speak to them and give them tasks to do and they will do it. If you don’t have A.I then you can install it on your system and it will work like a charm. In the start, A.I was pretty basic and only performed a few functions but with the passage of time, we have seen it improve and get really good. The most amazing thing is its learning process and it can learn one’s personality, solving problems, performing complex tasks etc. From all this, we now know that in organizations, A.I can brought a game changing difference in day to day processes for business but does this amazing technology have some harmful side effects? Perhaps yes.

I am saying this because many people’s jobs will be in danger due to advanced A.I technology that is going to rise and takeover many tasks that are done by humans today in organizations. Process that are normally done by employees today will be automated and controlled by A.I systems and as a result, companies may and shall not need a large no of employees and many people will lose their jobs. Now, if you think that this is too far and only the top multinational companies can apply this technology then you are wrong. Many people today use A.I technology to make their lives easier for example: people use Google Now, Cortana etc. and this is just the beginning. Technology is one sector which is the most abundant and common. It expands, improves and in the matter of A.I, it will surely expand and improve.

According to the past history of the tech world, this view is not a far-fetched one, but a realistic one that A.I will take control of many daily processes that goes on in the organizations and due to this, People which do those daily processes can lose their jobs.

Regarding this, many crucial steps may need to be taken in the future or maybe sooner than you think.

Regards,

Hussain Haider.

Taking care of workforce’s needs…

World is changing at a fast pace and so is the business world. Competition is getting tough in the market day by day and the survival is getting tougher and tougher every day. But for the best, it is not about the survival only, it is about winning the race from everyone else. To be on top and getting ahead from others if you are surviving and want to win, you need to keep your eye on many major and minor things for example: keeping your customers happy, exceeding the expectations of the customers, keeping your accounts and financials intact and up to date etc. Now there are many things that we need to take care of but there are many other things that many of us are recognizing the importance of and one of these things is to keep your employees satisfied and happy.

Yes, making employees happy and keeping them that way is most important. Since there is competition in the market so many new companies are entering and because of that, sticking up to one job and one organization is not in the plans for the workforce. People like to switch jobs when there is a better opportunity for their careers and also when there are better compensation packages which other organizations offers them. But, if you give them excelling opportunities in your organization, they will stick there and if you keep them happy by fulfilling all the needs, then it is a bonus point for you.

You cannot stop only by providing good compensation packages, there’s more to the story. You have to fulfill all the levels of needs that employee has. By looking at Maslow’s hierarchy of needs, we see that there are many levels of employees needs like basic, psychological and also self-fulfillment needs. By fulfilling these all levels or even starting to fulfill these levels, you will see a great change in the performance level of your workforce and employees will be happier, they will try to complete the tasks on time and effectively and also, they will be more determined and dedicated to take the organization up.

There are many examples of organizations in front of us which takes this matter of keeping employees happy very seriously. Their employees perform well and are loyal to their organization. Companies which do not take this seriously, needs to take it seriously and make better policies and management systems in order to take care of their employees.

Regards,

Hussain Haider.

Diversity: A hidden factor behind the success of successful Organizations

Nowadays, every business is competing with each other directly and indirectly. Everywhere, the competition is tough and organizations are trying to find ways, implement actions that can make them more strong in the market, more popular in the eyes of the target market and more prosperous all around. If we look at the arena, the stadium of the competition, the battleground of the companies (the market), we can see that many companies fail to compete from the start and perish in the tough competition that is continuous and exhausting, but many prosper and conquer because they try to find out the real deal, the “game changer”, the hidden facts that are not in the focus of the general public and people don’t focus on them but they play an important part in the success of organizations which apply those facts within themselves. One of these facts which is the main reason for many successful companies today is ‘diversity’.

Now many of you may think that ‘diversity’ is not as important as there are other factors that build a successful organization but the real fact is that diversity is the part of the past of many successful companies, a thing of the present as well as of the future. Many multinational companies employ people belonging to different geographical regions of the world. These people have different languages, culture, ethnicity and also have different believes. The narrow-minded owner of a company may think that employing different types of people may endanger the environment of the company and many employees will not get along if they have different ethnicity from each other but the reality is quite different and this oppose the above mentioned thought of that owner.

It is all about how an organization can manage its diversified workforce. A diversified workforce will bring innovative ideas, strong ethics, positive working environment, courage to face challenges (tough tasks), easiness in finding the right person for the right job and much more. Managing and coordinating the diversified workforce in a right way will get best positive results for the organizations.

Regards,

Hussain Haider.