Are We Losing Jobs? Effect of Artificial Intelligence in Workforce

At present, global AI adoption and investment are soaring. Reportedly, 37 percent of organizations have deployed AI solutions. Analysts have forecasted that global AI spending will more than double over the next three years, topping US$79 billion by 2022. Almost two-thirds of global reports state that AI technologies are enabling their organizations to move ahead of the competition. Sixty-three percent of the leaders surveyed already view AI as "very" or "critically" important to their business success, and that number is expected to grow to 81 percent within two years.