Slow Adoption

If there was any sort of technological advance during a person’s lifetime whether it occurred attending school or work, then they have witnessed a slow adoption of technology. The new technology either cannot be afforded at the start of its spread, or the management is not knowledgeable enough about the product and the benefits it will bring. Often the damage of replacing a large workforce far outweighs the benefits of a quick adoption of new technology regardless of the increased efficiency you obtain (Sanan, 2018, para. 2-4). For this reason, most fields take the safe route of a slow adoption or no adoption at all. The tech field is leading as the top AI adopter with the automotive industry close behind on adoption but being beat by a large margin on spending. Education is more towards the left side with the slow adopters, supporting the point earlier of witnessing a slow adoption if one experienced technological advances during school. Anything on the far right of the graphic is likely benefitting from and having jobs created due to AI, while the left is not being influenced very much. A safe plan if an individual wants job security is to go with a company or field that has very little repetitive work, then if the company adopts AI it is likely to benefit both the worker and the business as opposed to adopting it to replace labor, as you see on the far right of Figure 2. Companies that are too slow to adapt to the changing market are sometime left behind, with the customers preferring the cutting-edge businesses that benefitted from implementing the technology earlier (Pethokoukis, 2018, para. 8).