AI’s Impact on the Workplace, Employment and the Job Market

AI’s Impact on the Workplace, Employment and the Job Market Global Technology & Business Services Council- GT&BSC https://www.linkedin.com/posts/global-technology-business-services-council-gt-bsc_gtbsc-globaleventseries-talentcrisis-activity-6910618828020289536-Cg-Z

Given the current state-of-the-art in #AI, the introduction of AI in the #workplace will initially focus on augmenting and helping #employees to do their jobs better and not necessarily replace them. AI-based technology is creating new ways for employees to maximize their interactions with customers and increase their productivity. Clearly tasks within jobs will change as more repetitive and mundane tasks will be automated. While few jobs are fully automatable, one study shows that 60% of all jobs have at least 30% technically automatable activities. So which jobs or tasks within jobs will be harder to replace with AI technologies? This would not only be #jobs or #tasks that have minimal routine or repetition, but likely also ones that require creativity, are difficult to learn through simple observation, require hands-on manipulation, do not involve the use of large data sources, are dependent on human interaction and interpersonal communication, and require social perception. Kai-Fu Lee, an AI expert and founder of Sinovation Ventures has the opinion that “every job which takes less than 5 seconds to think will be done by robots”. Martin Ford reckons that we will get into a situation where any kind of job that is routine or repetitive on some level will disappear. It is evident that the demand for uniquely human skills will grow. Although millions of jobs will likely be displaced, the World Economic Forum’s Future of Jobs Report projects in the order of hundreds of millions of new jobs that will be added over the next few years that requires skills in both emotional intelligence and technical intelligence. In her book, Les Métiers du Futur (Jobs of the Future), published in 2019, Isabelle Rouhan believes that 85% of the jobs that we will have in 2030 do not exist yet. See also “Democratizing Artificial Intelligence to Benefit Everyone: Shaping a Better Future in the Smart Technology Era” by Dr Jacques Ludik https://jacquesludik.com for more on this topic…. AI impacting the Workplace, Employment, and the Job Market YouTube: https://youtu.be/hcdhfbiBKh4

Spotify #46 (13): https://open.spotify.com/episode/4BeaFY7XZ3S1pwsxAtTDWO?si=bXaJmG7aR8yNP432cYaDTw Extract from Chapter 4 “AI-driven Digital Transformation of the Business Enterprise” in “Democratizing Artificial Intelligence to Benefit Everyone” 21st Century Skills, Competencies, and Jobs for a Human-centric AI-driven Workplace YouTube: https://youtu.be/Ofqv0VfxOFE

Spotify #80 (47): https://open.spotify.com/episode/0YCajAz2JbAEMXumE0L5Yr?si=nR_2M1SlRZyaxY7RVv63bg Extract from Chapter 11 “Democratizing AI to Help Shape a Beneficial Human-centric Future” in “Democratizing Artificial Intelligence to Benefit Everyone”