Management Sciences

The Impact of Optical Character Recognition Artificial Intelligence on the Labour Market

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2021-12-21
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Copyright (c) 2021 Zsófia Riczu, Zsolt Krutilla

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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Krutilla, Z., & Riczu, Z. (2021). The Impact of Optical Character Recognition Artificial Intelligence on the Labour Market. International Journal of Engineering and Management Sciences, 6(4), 9-16. https://doi.org/10.21791/IJEMS.2021.4.2.
Received 2020-10-11
Accepted 2021-12-21
Published 2021-12-21
Abstract

Because of present day information technology, there is neither need to plant complicated computers for more millions price if we would like to process and store big amounts of data, nor modelling them. The microprocessors and CPUs produced nowadays by that kind of technology and calculating capacity could not have been imagined 10 years before. We can store, process and display more and more data. In addition to this level of data processing capacity, programs and applications using machine learning are also gaining ground. During machine learning, biologically inspired simulations are performed by using artificial neural networks to able to solve any kind of problems that can be solved by computers. The development of information technology is causing rapid and radical changes in technology, which require not only the digital adaptation of users, but also the adaptation of certain employment policy and labour market solutions. Artificial intelligence can fundamentally question individual labour law relations: in addition to reducing the living workforce, it forces new employee competencies. This is also indicated by the Supiot report published in 1998, the basic assumption of which was that the social and economic regulatory model on which labour law is based is in crisis.

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