
Yes, in certain types of occupations, machine learning technology has already started to replace humans. It is believed that as more investment goes into machine learning (and more organizations and companies implement this tech) that machine learning will take over even more roles usually taken on by humans.
However, it is worth remembering that whilst machine learning will end up replacing humans with some kinds of work, it will equally create as many job opportunities too and even enable people to do their job better than before.
What is machine learning?
Machine learning involves automated algorithms that find patterns in colossal amounts of information and makes links with this data that a human could not. Machine learning solves problems, not a human. The human defines the problem for the machine learning model to fix.
Machine learning is increasingly being used for complex solutions, as humans are only needed to define the problem for the computer, and then it analyses and finds the solution itself.
Machine learning in the workplace
In a study carried out by Oxford University, Yale University and AI Impacts that involved talking to 352 machine learning experts about their predictions for AI (which machine learning is an offshoot of) in the workplace, some interesting results materialised.

The experts who participated in the survey predicted when they believe the crossover point is likely to be when machine learning technology will end up performing better than humans can. They believed that machines will:
- Be better at translating languages by 2024
- Outperform humans writing essays by 2026
- Be able to drive lorries by 2027
- Outperform in retail by 2031
- Outperform as a surgeon by 2053
The study even possibly suggests that there is a 50% chance AI and its related technology will perform better than humans in 45 years time!
Jobs susceptible to machine learning - or are they?
Researchers at PWC suggest that approximately 30% of jobs in the UK are threatened by automation from robotics and AI by 2030. This was deemed higher in particular sectors than others such as transport, wholesale, retail and manufacturing.
Professions deemed less likely to be threatened by machine learning included education, social work, and the healthcare sector. At the same time, it is impossible to say that any industry is immune from possible machine learning developments and AI.
However, one interesting aspect that PWC highlighted is that it is much more likely that simply the nature of the job will change, as opposed to disappearing altogether.
Machine learning aiding productivity?
Another thing to consider is that in some roles, machine learning and AI capabilities may allow people to be more productive in their roles, rather than hindering it.
For example, advanced technologies like natural language processing can streamline data mining through the application of algorithms to model topics. In areas such as customer service or insights, this can be highly beneficial, allowing a team to get on with implementing a strategy based on this information rather than having to spend large amounts of time data mining instead.
Machine learning can absolutely be a force for good in many professions, given that it can ensure that complicated tasks, such as those involving big data, are carried out with speed, and high levels of accuracy too. This can also allow workers to be far more creative and could aid innovation if machine learning can take care of a complicated, repetitive tasks, whilst employers can pursue their ideas they wouldn't have time to consider otherwise.

The Optalitix Round-up: Summer 2024
The second quarter of 2024 has been a hub of activity at Optalitix! Read more now.
.jpeg)
Optalitix Provides Spring Finance with A New Mortgage Origination Platform
Spring Finance have chosen Optalitix, a leader in finance and Insurance software to provide them with a new mortgage origination platform. Read more on our website.

Why Underwriters Matter in Our AI-Driven World
Insurance underwriters still play an important role on the London insurance market despite the increasing use of AI, read more on our website.

Meet Optalitix at MGAA 2024
The Power Of Partnerships - looking at the importance of collaboration and effective communication in driving the future growth

Pool Re partners with Optalitix to implement new treaty and claims management system
Optalitix announces it's partnership with Pool Re, the UK’s largest terrorism reinsurer, to implement a new, end-to-end treaty and claims management system.

Optalitix partners with Go.Compare to offer insurers a new pricing option
Optalitix Quote new pricing platform will get quicker and easier access to onboarding, faster set-up and ready to use quote infrustructure

The Optalitix Round-up: Spring 2024
The first quarter of 2024 has been amazing for us and our clients thanks to us leading groundbreaking developments in our industry. Read more now.

Fix the roof while the sun is still shining (podcast)
Listen to Dani Katz, Co-founder & Director of Optalitix talk about Insurance and Innovation with Matthew Grant

Using insurtech to gain advantage as the market softens
Digital transformation is firmly on the market’s radar, but there is still a long way to go in the underwriting space

Optalitix powers Juniper launch into untapped reproductive health market
Juniper addresses a huge gap in the health insurance market by providing comprehensive health insurance, often excluded by other healthcare products.

Optalitix partners with First Street to enable insurers to incorporate climate risk data into their underwriting
We help insurers incorporate unique datasets into their underwriting process, thereby ensuring quotes are appropriately priced in response to a changing climate.

From data to decision: how insurers are using underwriter workbenches in 2024
The experience of early adopters has proven that underwriter workbenches can make insurance companies more productive

Join Optalitix for an InsTech webinar on how insurers are using underwriting workbenches
We are excited to be taking part in a thought-provoking InsTech webinar on 26th March

Meet Optalitix at Insurtech Insights EU 2024
The Insurech Conference connects insurers and investors, offering an unparalleled experience and access to industry innovators. Explore 2024 Conference insights!

Meet Optalitix at BIBA 2024
Explore ‘What’s next?’ in the insurance industry, and connect with brokers and others from the industry.