Till now, we thought that only developing countries are trapped in the precarious web of unemployment but I guess, people in the developed countries such as Japan will too find it hard to secure their jobs. Because robots are here to replace them.
Employees ka di end.
You might be thinking that it is just 2017. How can this happen so soon? The thing is that Japan, for a long time, has been setting some quintessential examples in the field of Artifical Intelligence(AI) and breaking scientific boundaries in the robotic arena.
Continuing their supremacy in this field, Japanese company Fukoku Mutual Life Insurance had laid off more than 30 employees and replaced them with Artificial Intelligence system that can calculate payouts to policyholders.
The company believes that it will increase productivity by 30% and see a return on its investment in less than two years.
Well, it seems like that the game is on.
The Artifical system is based on IBM’s Watson Explorer, which possesses “cognitive technology that can think like a human”, enabling it to analyse and interpret all of your data, including unstructured text, images, audio and video.
Through this technology, the artificial Intelligence system will be able to read tens of thousands of medical certificates and factor in the length of hospital stays, medical histories and any surgical procedures before calculating payouts, according to the Mainichi Shimbun.
Moreover, AI could soon be playing a role in the country’s politics as Japan will introduce this in the economy, trade, and industry ministry as well.
Dear Modiji, we hope you got some inspiration.