Home > Gadgets > There's no myth about robots rule

There's no myth about robots rule

We have always heard of the future that robots will replace the humans on the tasks. One of the fears has been spinning around the enhancement of artificial intelligence inclines from the prospect that it might eventually replace human as employees. This dread has now turned into a reality for many of the employees working in the Japanese firm.

Sci-fi has since a long time ago envisioned a future in which people are removed from their employments by machines. This isn’t a myth now because of Japan-based insurance firm Fukoku Mutual Life Insurance lying off its 34 employees, artificial intelligence system will be taken over their roles of the work. The 34 employees will likely lose their jobs in the end of March to be replaced by robots; their five-year contracts will not be renewed.

Fukoku Metal Life Insurance claims the move will increase productivity by 30 percent, and reduce costs by £1.4 million (140m yen) per year within the span of two years. The company will spend 200 million yen ($2.36 million) to install the system this month and spend about 15 million yen ($177,000) in yearly maintenance fees.

The insurer approaches that the software will 'classify and categorize diseases, injuries and surgical procedures', It will lower the expenditure and duration to perform operations including analyzing thousands of medical certificates, computing hospital stay period, medical histories and any other features before issuing insurance payouts. The final declare will be approved by an employee.

As reported by Japan’s English language daily newspaper ‘The Mainichi’, Fukoku Mutual Life Insurance Co has bought an AI system based on IBM's Watson, which “can think like a human". It analyses and interprets data, including unstructured text, images, audio and video.

The artificial intelligence system will first concentrate on 132,000 cases from 2015. Japan’s aging populaces and robot innovation structure have made it helpful for firms like Dai-Ichi Life Insurance to settle on the structure without decreasing its workforce, The Mainichi reported. Another firm, Japan Post Insurance, is thinking about joining the mechanical development.

A sign of dangerous declining workforce is on track as Japan has introduced artificial intelligence in the country. With Japan’s competency in the monarchy of robotics, having an AI system takeover human work is, if anything, somewhat predictable. As in 2015, Nomura Research Institute stated that about 50% of all jobs in Japan could be carried out by robots by the year 2035. Japan will also introduce artificial intelligence system in their parliamentary sessions that will assist their ministers in writing answers.

 A study by the World Economic Forum anticipated in 2016 that the rise of robots and AI will effect in a net loss of 5.1 million employments over the next five years in 15 leading states. In May 2016, Apple maker Foxconn also announced that it would switch half of its employees in their Taiwan Company with robots.

Nazish Islam - a media graduate with an undying love for chai, books, traveling, series shows, sports, hijab, and of course writing.

Share this article
POST A COMMENT
USER COMMENTS

Falling iPhones Sa

Whether or not you are an iPhone fan, you will still be thrilled by the news that iPhone prices are falling for the very first time in history. According to the...

Microsoft in Pakis

Microsoft is considered as a leader for all the IT related fields and professionals in the world. It is perfectly successful business brand in the practical wor...

Spring Gadgets

From February and March, spring season arrives in Pakistan. This spring season is the most pleasant time in the country. This coming spring season shall be more...

There's no myth about robots rule

We have always heard of the future that robots will replace the humans on the tasks. One of the fears has been spinning around the enhancement of artificial intelligence inclines from the prospect tha...