Impact Factor (2025): 6.9
DOI Prefix: 10.47001/IRJIET
Artificial
Intelligence (AI) and robotics play an increasingly important role in our
society and economy. But nowadays these technologies are impacting very skilled
work kind of jobs. Mankind is on the brink of the fourth industrial revolution,
in which robotics and artificial intelligence are expected to have disruptive
effects on the types of tasks performed by humans. This big disruption has two
sides: lost jobs and concern for society. On the other hand, greatly increased
profitability for many businesses. Some warn that it could lead to the creation
of super firms’ hubs of wealth and knowledge that could have detrimental
effects on the bigger economy. It may also widen the gap between developed and
developing countries, and boost the need for employees with certain skills
while rendering others redundant this latter trend could have far-reaching
consequences for the labor market. This review provides a short overview of the
ongoing discourse on the impact of diffusion and adoption of robotic and artificial
intelligence on a different sector.
Country : India
IRJIET, Volume 6, Issue 10, October 2022 pp. 145-147