Lee Bressler Explains How AI is Helping Both Businesses and Their Employees
With groundbreaking advances now being made in artificial intelligence on an almost daily basis, the technology should be embraced by employers and employees alike, rather than feared as a replacement for skilled workers, according to New York City equity fund portfolio manager Lee Bressler. The finance professional’s view is supported by a PricewaterhouseCoopers study conducted earlier this year which suggested that fewer than three percent of either skilled or unskilled jobs would be at any risk of potential automation by the year 2020.
“For years there’s been a level of uncertainty surrounding whether or not artificial intelligence could one day replace human workforces,” New York-based Bressler suggests. However, while artificial intelligence—particularly when paired with machine learning technology—may today be entirely capable of completing a great number of tasks more efficiently and with greater accuracy than a human, the technology currently exists solely to support—not replace—workers, according to Bressler.
The equity fund portfolio manager provides an example from within the legal sector. “Artificial intelligence-powered computers and systems are able to process many hundreds of scanned legal documents within seconds, retrieving data which may be required by a lawyer,” he explains. “Does this mean an end to lawyers? No way,” says Bressler.
New York City’s Lee Bressler uncovers the benefits of artificial intelligence for both employers and workers as advances within the field continue.
The New Yorker continues, “Artificially intelligent machine learning algorithms are quite able to automate many of the processes required as part of a legal document review, but they cannot—and will not—replace the lawyer. Instead, they are simply making him or her much, much more productive.”
The benefits are clear and visible across the board, says Bressler, from multinational corporations and large workforces down to small businesses and entrepreneur-led enterprises. “Ultimately, artificial intelligence is making people more productive,” he explains, “by removing labor-intensive, repetitive tasks from workers’ responsibilities.”
“It is not, however,” he continues, “replacing them, nor is that something we’re likely to see happen any time soon. Accordingly, it’s fantastic to see individuals across almost all industries beginning to understand and accept that fact, and starting to embrace artificial intelligence rather than simply fearing it.”
“I hope,” adds Lee Bressler, wrapping up, “that ai revolution will continue to be lauded by employers and employees alike as advances within the field continue, to the betterment of all involved.”