AI and robotics to add 58mn jobs by 2022

AI and robotics to add 58mn jobs by 2022

AI and robotics to add 58mn jobs by 2022

But actually, the rise of the robots won't be that bad, according to a report by the World Economic Forum.

In a study of executives and specialists across 12 industries, published on September 17, the WEF concluded that this so-called "Fourth Industrial Revolution" could create 133 million jobs globally, while 75 million workers may be displaced. Many firms may choose to hire temporary workers, freelancers and specialist contractors for tasks not automated by new technology.

New skill sets for employees will be needed as labour between machines and humans continue to evolve, the report pointed out.

The latest edition of WEF's report focuses on "arriving at a better understanding of new technologies, including automation and algorithms, to create new high-quality jobs and vastly improve the job quality and productivity of the existing work of human employees".

"By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 per cent today", a statement by the Swiss non-profit organisation said. Humans will account for the remaining 58% of the work, down from the current task hours of 71%, wrote the WEF.

Artificial intelligence and its impact on jobs has become a hot topic of debate and many experts have predicted that machines will ultimately replace millions of jobs in the next decade. "Our research suggests that neither businesses nor governments have fully grasped the size of this key challenge of the Fourth Industrial Revolution". So that doesn't mean companies expect to have fewer jobs. Therefore, in the future people will have to retrain and learn new skills.

A McKinsey report in December produced one of the rosier assessments, forecasting jobs lost and created by new technology might be about equal by 2030. The end result will give employees more time to do what makes them uniquely human - complex problem solving, critical thinking, and creativity'.

The changes are already being felt in some sectors, with the likes of software engineering, user experience designers and data analysts on the up across western Europe between 2013 and 2017 while sales, journalism and admin work experienced a drop.

Related news