Many workers in industry sectors such as technology, manufacturing and health have been concerned about how artificial intelligence and robotics may directly affect their employment in the near future. While we've heard numerous stories over the years about how AI will streamline job processes, and robots will even be able to make humans redundant in some industries, there appears to be a battle between furthering this technology, and making sure the UK's workforce isn't left out in the cold. A new report from PricewaterhouseCoopers should put both parties at ease as we move into the age of AI. PwC has found that AI is set to create 7.2 million new jobs in the UK across healthcare, science and education sectors by the year 2037. It predicts that 7 million workers would be displaced by advancements in this technology.

Artificial intelligence (AI) and related technologies will generate as many jobs in the U.K. as they displace over the next 20 years, according to analysis published Tuesday by audit firm PwC. The research states that while AI could displace roughly 7 million jobs in the country, it could also create 7.2 million jobs, resulting in a modest net boost of around 200,000 jobs. The impact of AI on individual sectors is set to vary, however. In the health and social work sector, PwC said that the number of people employed could rise by almost 1 million, while jobs in manufacturing could fall by roughly 25 percent, a net loss of almost 700,000 roles. "Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains," John Hawksworth, PwC's chief economist, said in a press release.

Companies that combine in-house innovation with investments in artificial intelligence (AI) and collaboration with outside partners saw their enterprise value grow an average of 4.2% since 2013, compared to 2.3% for those that did not invest in such things, according to new research from Accenture. Accenture defines enterprise value as a measure based on market capitalization, debt and cash positions. Overall, the research found that just 17% of the 200 companies Accenture evaluated -- the Fortune 100 and the Intelligent 100 -- are high-performing "collaborative inventor[s]" while more than half of the companies were seen as "observers." Accenture Research estimates companies that move from "observer" status to "collaborative inventor" could see their firm's enterprise value increase by an average of 90%. Accenture found companies must converge and integrate technology, data and people to achieve high success.

Chairman and CEO Pierre Nanterme tells Forbes how his global consulting firm discovered that being a "fast follower" suddenly became fatally slow in the age of A.I. and cloud. Q: Describe your 35 years at Accenture, because I think talking about that will be an interesting way of describing what's happened to the global economy and the Information Technology backbone of the global economy during that time. Nanterme: Accenture has changed a lot during that time, probably undergoing a new wave that drove significant changes to the business every ten years. We evolved from management consulting to systems integration and technology. Ten years after that came a new wave--outsourcing. Indeed, each reinvention of Accenture was based on the new technology waves that occurred.

Artificial Intelligence (AI) and related technologies are projected to create as many jobs as they displace in the UK over the next 20 years, according to new analysis by PwC. In absolute terms, around 7 million existing jobs could be displaced, but around 7.2 million could be created, giving the UK a small net jobs boost of around 0.2 million. While the overall net effect of AI on UK jobs may be broadly neutral, this varies significantly across industry sectors. The most positive effect of AI is seen in the health and social work sector, where PwC estimates that employment could increase by nearly 1 million, equivalent to around 20% of existing jobs in the sector. On the other hand, PwC estimates the number of jobs in the manufacturing sector could be reduced by around 25%, representing a net loss of nearly 700,000 jobs.

Artificial intelligence (AI) is gaining prominence in the workforce, as firms seek to maximise the benefits of blending human capabilities with intelligent machines. It's an exciting time, but one that requires some caution as well. No matter how intelligent machines are, ultimately humans control them. That fact creates some ethical considerations, one of which is AI's potential to negatively impact gender parity by entrenching bias. This could have a considerable impact in financial services (FS), considering that 74 percent of FS executives surveyed for Accenture's 2018 Future Workforce report indicated they expect to implement AI to a significant extent over the next three years.

The solid line in the charts represents the net effect of AI, with the bars showing the displacement and income effects.Graphic via PricewaterhouseCoopers It's impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a birds eye view from the top down, and pointed to the results of sweeping economic changes. Their prediction, in a new report out Tuesday, is that it'll all balance out in the end. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the same number of jobs back in the system: 7.2 million, PwC estimates. To be clear those new jobs won't involve building robots or coding AI-powered software, which will only make up around 5% of employment, says John Hawksworth, PwC's chief economist. Instead around 1.5 million, or 22%, of the new jobs will be in health and social work.

Artificial Intelligence (AI) will create as many UK jobs as it replaces in the next 20 years, according to a new data. Research from professional services giant PwC suggested that AI will boost economic growth and create roles as others become redundant. However, the analysis warned that certain industries would be hit harder than others in th shifting employment landscape. While AI could displace around seven million jobs between 2017 and 2037, according to PwC's findings, it could also create 7.2 million – resulting in a net jobs boost of around 200,000 roles in the UK. Some sectors are likely to benefit more than others, particularly health (increasing 22%), scientific and technical services (16%) and education (6%).

The likes of Elon Musk and Bill Gates have made repeated doomsday warnings about artificial intelligence becoming more skilled at humans at just about everything. So it's little surprise that people are scared about a post-AI future where a mostly jobless population subsists on universal basic income while rich people own and operate all the robots. But a new report from consultancy firm PwC joins a growing chorus of more cautious economic forecasts that suggest the future is brighter than we might think. Looking at the UK, PwC found that it's true that robots will replace some jobs, especially in sectors like transport or manufacturing. AI will "displace" 38% of transport jobs, and 30% of manufacturing jobs, according to the report.

Artificial intelligence (AI) could create more jobs than it displaces in Scotland over the next 20 years, according to a report. Research by professional services firm PwC suggested AI could create 558,000 Scottish posts by 2037. Over the same period 544,000 jobs could be lost as a result of automation - resulting in a net increase of 14,000. PwC said the new jobs could come from innovations such as drones, robotics and driverless vehicles. It argued that AI would create employment as productivity and real incomes rise, and new and better products are developed. PwC's latest Economic Outlook indicated that health, education and professional, scientific and technical services would benefit most, with manufacturing, transport and storage and public administration set to be the biggest losers.