DISRUPTION IN HUMAN RESOURCES SUPPLY CHAIN DUE TO FACEBOOK AND GOOGLE ARTIFICIAL INTELLIGENCE PROJECTS

Abstract

Advances in technology, internet, and Artificial Intelligence (AI) are transforming the world. The AI is new technology which is expected to process the repetitive tasks. Concerns of all social experts and scientist are how and when AI will replace humans in repetitive tasks? What are the skills which humans need to develop to work with robots? McKinsey Global Institute says 6 out of 10 industrial tasks are technically automatable. It also suggests that robots will take 30% of blue collar jobs by the end of 2030. While UN chief microeconomic policies say that AI is not about losing jobs, AI will transform the situations. Despite all these factors, the fear factor of the labor market cannot be ignored. On another side, the companies which are working on AI are well developed and wealthy companies. The company is also like a legal person living in society. Any human at first strives for success on individual level basic needs. After the achievement as a member he is expected to contribute back to the community. Similarly, Facebook and Google are social to provide educational material and train the blue-collar employees to survive in the AI era.  Furthermore, this paper also explores the areas where AI can impact the areas which were least impacted by internet before.  Research paper provides guidelines for the government and policy makers and suggests Nash Equilibrium theory implementation on AI developments.