Businesses around the world are implementing automation into their operations at a slower pace than previously expected. This conclusion was made by the experts of the World Economic Forum (WEF).
According to report The Future of Jobs, businesses currently estimate that 34% of all their tasks are done by machines. The previous forecast of the degree of automation at the level of 47% until 2025 will not come true, economists admitted.
Experts now believe that 42% of tasks will be automated by 2027.
“The boundary between man and machine has shifted,” the WEF said.
According to revised estimates, 65% of automated tasks in the next five years will focus on information and data processing. 35% of the work will be related to reasoning and decision-making, which are traditionally the prerogative of a person.
Approximately three-quarters of the companies surveyed plan to adopt AI by 2027. Experts believe that if the efforts of enterprises are implemented, the labor market will change dramatically.
Half of the organizations expect to create jobs against the backdrop of the introduction of AI. However, 25% of respondents are sure that a number of professions will disappear under the influence of algorithms.
“It is not yet known how rapidly evolving technologies like generative AI will change the composition of automated tasks between 2023 and 2027,” the report says.
The experts also cited some research that showed that large language models can already automate 15%. They suggested increasing this number to 50% in the near future.
LinkedIn Head of Global Public Policy Suzanne Duke statedthat the last 12 months have seen a surge in job postings requiring generative AI skills.
“During this period, the number of jobs mentioning GPT has grown by more than 50%,” she said.
WEF Managing Director Saadia Jaidi said that digitalization, the transition to renewable energy sources and changes in supply chains will lead to a reduction of 23% of jobs. Slightly more than half of them are in disappearing professions, she said.
Jaidi added that overall the picture “seems manageable if the focus is on retraining and upskilling workers.” However, the changes will not be equally felt all over the world.
“Many countries that compete on the basis of cheap labor will not be able to do so in this new economy. They will have to think completely differently about how they invest in the creation of the right type of work, education, advanced training of the adult population,” said the head of the WEF.
Recall that in March, experts said that generative AI threatens about 300 million jobs in developed countries.
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Businesses around the world are implementing automation into their operations at a slower pace than previously expected. This conclusion was made by the experts of the World Economic Forum (WEF).
According to report The Future of Jobs, businesses currently estimate that 34% of all their tasks are done by machines. The previous forecast of the degree of automation at the level of 47% until 2025 will not come true, economists admitted.
Experts now believe that 42% of tasks will be automated by 2027.
“The boundary between man and machine has shifted,” the WEF said.
According to revised estimates, 65% of automated tasks in the next five years will focus on information and data processing. 35% of the work will be related to reasoning and decision-making, which are traditionally the prerogative of a person.
Approximately three-quarters of the companies surveyed plan to adopt AI by 2027. Experts believe that if the efforts of enterprises are implemented, the labor market will change dramatically.
Half of the organizations expect to create jobs against the backdrop of the introduction of AI. However, 25% of respondents are sure that a number of professions will disappear under the influence of algorithms.
“It is not yet known how rapidly evolving technologies like generative AI will change the composition of automated tasks between 2023 and 2027,” the report says.
The experts also cited some research that showed that large language models can already automate 15%. They suggested increasing this number to 50% in the near future.
LinkedIn Head of Global Public Policy Suzanne Duke statedthat the last 12 months have seen a surge in job postings requiring generative AI skills.
“During this period, the number of jobs mentioning GPT has grown by more than 50%,” she said.
WEF Managing Director Saadia Jaidi said that digitalization, the transition to renewable energy sources and changes in supply chains will lead to a reduction of 23% of jobs. Slightly more than half of them are in disappearing professions, she said.
Jaidi added that overall the picture “seems manageable if the focus is on retraining and upskilling workers.” However, the changes will not be equally felt all over the world.
“Many countries that compete on the basis of cheap labor will not be able to do so in this new economy. They will have to think completely differently about how they invest in the creation of the right type of work, education, advanced training of the adult population,” said the head of the WEF.
Recall that in March, experts said that generative AI threatens about 300 million jobs in developed countries.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!