The solid line in the charts represents the net effect of AI, with the bars showing the displacement... [ ] and income effects. It's impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a bird's-eye view and pointed to the results of sweeping economic changes. Their prediction, in a new report out Tuesday, is that it will all balance out in the end. More automation in trucks, factories and elsewhere could cost around 7 million existing jobs in the U.K. by 2037. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the same number of jobs back in the system: 7.2 million, PwC estimates.
In medicine, diseases can be detected at a much earlier stage, and we can support the elderly to live a more independent life, simply by identifying deviations from their usual behaviour and body movements. The UK Government recently announced that AI could help the National Health Service predict those in an early stage of cancer, to ultimately prevent thousands of cancer-related deaths by 2033. The algorithms will examine medical records, habits and genetic information pooled from health charities, the NHS and AI. Virtual nurses could transform patient care, being available round the clock to answer questions, monitor patients and provide quick answers. Beyond healthcare, AI could inform a better allocation of resources in energy, logistics and transport, as well as support the digital advertising industry with more efficient marketing.