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AI - The Ultimate Job Creator or Threat?

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There is a lot of talk in Dubai and the UAE about AI. Organisations such as TII (Technology Innovation Institute) in Abu Dhabi are working to make the UAE a leader in AI technology.

Smart city innovations promise to make the lives of the average person in Dubai a lot easier. But when you hear “AI,” the first thought might be about job losses.

Here’s what you’re missing about AI innovation in Dubai

AI is not just eliminating jobs—it’s creating them. With industry margins set to grow by up to 38% in the next five years, thanks to AI, companies are not only cutting costs but also fostering innovation and job creation.

This isn’t about survival; it’s about thriving.

The Bigger Picture

The narrative surrounding AI as a job eliminator is only half the story. As industries like Oil & Gas, Manufacturing, and Finance embrace AI, they’re not just slashing overhead—they’re redefining their workforce. A report from Visual Capitalist suggests that AI-driven businesses will enjoy a 38% margin boost by 2028, proving that AI’s impact is bigger than most realize.

The question is: will you adapt or be left behind?

AI’s Effect on Industry Margins Over the Next Five Years - visualcapitalist.com
AI’s Effect on Industry Margins Over the Next Five Years - visualcapitalist.com

Real-World Transformation: Oil & Gas

AI is shaking up industries that once seemed untouchable. Take Oil & Gas—long known for tight margins and operational inefficiencies. A global energy company faced a familiar challenge: segregated data silos. Their predictive maintenance AI models couldn’t work without comprehensive data integration. Sound familiar?

The solution? Overhaul their data architecture to streamline AI access. The result? Equipment downtime dropped by 20%, margins shot up, and most importantly, new roles like AI Data Auditors and Predictive Maintenance Engineers emerged. This isn’t job loss; it’s job evolution.

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Navigating the Uncharted Waters of Marine Logistics

Imagine a marine logistics company, supporting offshore Oil & Gas rigs, facing rising operational costs. Manual planning for routes, fuel, and cargo was squeezing their margins. They turned to AI for solutions, and the transformation was anything but easy. Retraining teams, adopting new tech—it wasn’t just plug-and-play.

But the reward? AI-driven fuel optimization, smarter route planning, and efficient cargo handling led to a 15% margin increase. More than that, new roles were created—AI Logistics Coordinators, Sustainability Officers, and Data-Driven Route Analysts. The future isn’t just tech-driven; it’s human-led.

New Opportunities: Your Industry, Your Future

AI’s ability to drive operational efficiency is unlocking new opportunities, particularly in complex industries. But the key to success lies in tearing down data silos, standardizing information, and aligning AI with human expertise. Across sectors like Finance, Healthcare, and Manufacturing, new roles such as AI Strategists, Data Integrators, and Ethical AI Advisors are shaping tomorrow’s workforce.

Questions That You Should Be Asking About AI and Jobs in Dubai:

1. How does AI both reduce costs and create jobs?

AI’s efficiency boosts margins, which fuels reinvestment into creating new, high-value roles.

2. What are the key skills needed in an AI-powered workforce?

Data literacy, machine learning, and AI integration skills will be essential for future roles.

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3. How does AI contribute to sustainable operations?

AI optimizes resources, reduces waste, and lowers operational costs, making sustainability a reality.

4. Is AI replacing low-skill jobs entirely?

Not entirely—while some roles are automated, AI also creates advanced positions that require higher skill sets.

5. How does ethical AI impact job creation?

Ethical AI frameworks ensure transparency and fairness, essential for building trust and enabling workforce transformation.

A man pushing the AI button.

Conclusion

The greatest risk isn’t AI replacing jobs—it’s leaders who don’t utilize AI’s potential to transform their workforce and business.

The greatest risk to you and your career in the UAE lies in not embracing AI and not taking the time to up-skill in this area.

Companies in Dubai are increasingly looking to hire people who up to speed with the latest AI technology.

Where does that leave you? The future belongs to the bold. Are you ready?

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Terence Sathyanarayan
Contributor
Updated
Oct 28, 2024 8:54 AM
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