
Management Prof. Scott Latham is âmorbidly fascinatedâ with dying businesses. So heâs keenly interested in how AI will affect organizationsâand what it means for peopleâs jobs.
âIf your job is data-heavy, numbers-heavy, AI is coming for you,â Latham warns. âIf youâre in a job that requires a high level of critical thinking, one that deals with complex human relations, AI will certainly be involved, but I think the human will be OK.â
Latham, who teaches a course called The Future of Work, has been studying how technology affects organizations ever since his dissertation on the dot-com bust 25 years ago. He sees AI as the latest in a long line of technologies (computers, robots, the internet) that have changed the nature of work, but adds that itâs difficult to tell the hype from the reality. He subscribes to Amaraâs law (named after the late futurist Roy Amara), which states that âWe tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.â
âIf you look at AI, itâs a very simple model,â Latham says. âYou have a data set, and you have algorithms that run on that data. And with AI, youâre actually empowering it to make decisions.â
In the short term, Latham sees humans collaborating with AI in the workplace because âno one is going to trust AIâ to make decisions. But human decision-making is limited by time, information and cognitive abilities, which behavioral economists call âbounded rationality,â so people tend to make âincredibly irrational decisions,â Latham says. He predicts a âhuge shiftâ in companiesâ decision-making processes a decade from now.
âAt some point, the human will be replaced because the AI will be able to make a better rational decision. Iâm not saying a better decision, but a more rational decision,â he says. âYou will have AI in charge of critical decisions in an organization around supply chain, around sales, around layoffs.â Â
Latham and Assoc. Prof. of Management Beth Humberd co-authored a research article for the MIT Sloan Management Review in 2018 that looked at âFour Ways Jobs Will Respond to Automation.â They evaluated professions according to the type of value delivered and skills required and created a framework to help workers assess the threat level posed by automation.Â
While data-intensive industries such as pharmaceuticals, radiology and computer coding are ripe for AI disruption, Latham says jobs that have a high variability of tasksâthink skilled trades like a plumber or electricianâare safest. So are jobs that require a lot of human interaction.
âAI is going to affect human resources around hiring, but the tough stuffâdealing with a conflict at work or a toxic employeeâAI canât deal with that,â he says. âEven the biggest AI proponents have doubts about its ability to deal with emotions and relationships.â
âEvery company is an AI companyâ Vala Afshar â94, â96, chief digital evangelist at customer relationship management software giant Salesforce, also spends much time thinking about what AI means for workers.
âThe future is âevery company is an AI company,â â says Afshar, who recently co-authored âBoundless: A New Mindset for Unlimited Business Success,â a book that explores how companies can make the most of technologies such as AI, blockchain and cloud computing.
Afshar, an electrical engineering alum, says AI is âelectricity for the 21st century.â
âAI should be a human rightâand I havenât said that about the internet,â he says. âIf you donât have access to AI, youâre not going to be able to compete and win. Youâre not going to be healthy or prosperous.â
Afshar notes that new research by consultant Accenture shows that more than $10.3 trillion in additional economic value can be unlocked by 2038 if organizations adopt AI âresponsibly and at scale.â The same research shows that 95% of employees see value in working with AI, but their top concern is that they donât trust organizations to ensure positive outcomes for everyone.
During a fireside chat at UMLâs Innovation Hub in December, Afshar told students that every fieldâfrom engineering and marketing to service and health careâwill be disrupted by AI. The key to staying employable, he said, is to learn how to use the technology.
âThe likelihood of job risk is not because of machines and algorithms. Youâre likely to lose your job to a human whoâs comfortable with technologies like AI,â he says. Afshar says generative AI tools like ChatGPT are evolving into digital assistants that will anticipate peopleâs needs at work.
âNo matter what type of work you do, youâll speak to an app on this device and it will guide you. One hundred per-cent, this is reality,â he says. âIt will grow into a concierge service that not only answers directly what you ask, but anticipates your needs without you asking.â
More than half of the companies in the Fortune 500 list in 2003 no longer exist today, according to research from WatchMyCompetitor, a (you guessed it) AI-powered research platform. While the pace of change can be unsettling, Afshar sees the future as half-full.
âIâm not worried about jobs. Iâm an optimist,â says Afshar, who encourages students to be optimistic, too. âSometimes, you sound smarter when youâre a pessimist and cynical, but in the long run, optimists create the future.ââEB