With AI like ChatGPT becoming more popular and powerful every day, and lots of tools being built on top of it, people are starting to wonder which jobs AI will replace. With AI being able to write code, apply analytics concepts, and access knowledge across many industries, Data analysis seems like a promising use case, so will Data Analysts be replaced by AI?
Being a Data Analyst requires a variety of skills and knowledge, which depends on the specific role and company. Many companies rely on several tools that are not currently able to integrate with AI, and switching to other tools could take a lot of time and effort. Many other companies, however, use technology that can already integrate with AI. Since it depends on the company, the technology, and other factors like data privacy, let's first take a look at what AI is already capable of doing well.
As you can see, even within less than a year of ChatGPT being released, AI tools can already perform some of the key tasks for which data analysts are responsible. However, There are still various tasks that are important to the job, which an AI would currently struggle with:
While data analysts may not be completely replaced by AI any time soon, data analysts who use AI will replace the Data analysts who don't use it. This is because by letting AI help with certain parts of their jobs (like writing code, getting industry-specific knowledge, and creating graphs), they can work much faster. This enables a few Data Analysts working with AI to do work that previously required a large team.
The best thing you can do to prepare for the impact of AI, is to use it. Learn about the strengths and weaknesses of AI and how it can be applied to your work.
We've established that using AI tools for your Data analysis work is important... but how can you get started? Check out these 5 tools: