Artificial Intelligence To Create 58 Million New Jobs By 2022, Says Report

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Machines and algorithms in the workplace are expected to create 133 million new roles, but cause 75 million jobs to be displaced by 2022 according to a new report from the World Economic Forum (WEF) called "The Future of Jobs 2018." This means that the growth of artificial intelligence could create 58 million net new jobs in the next few years. With this net positive job growth, there is expected to be a major shift in quality, location and permanency for the new roles. And companies are expected to expand the use of contractors doing specialized work and utilize remote staffing. In 2025, machines are expected to perform more current work tasks than humans compared to 71% being performed by humans as of now.


Trained Up: Workforce Skilling for AI Readiness GovLoop

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This is the third blog in a four-part series detailing the components necessary for AI success. You can read my earlier posts about cultural willingness, and data and infrastructure readiness to get caught up. Look for the final post in this series coming soon, covering ethics, risk and compliance planning. Organizations face a daunting task in today's digital era: to identify, organize and analyze the hordes of data that continue to grow in complexity, scope, and size. While Artificial Intelligence (AI) can automate basic tasks, there still remains the challenge of freeing employees up for analytical and creative thinking, to develop the skills needed to successfully implement AI, and to benefit from its power.


Impact of RPA on the Existing Workforce and Workplace

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With current technologies like artificial intelligence, machine learning and data analytics being democratized in everyday applications, the IT industry has almost successfully transitioned into the Digital Era. When talking about digitization, one idea most industry leaders agree upon is that automation is the need of the hour. Along with other new age technologies, Robotic Process Automation (RPA) too has made a mark in the IT industry and according to Gartner 85 percent of big organizations will have deployed some form of RPA by the year 2022. While RPA is meant to bring about efficiency and reduce errors made in mundane and tedious work done manually by humans, it does give rise to the question of will there be a loss of jobs in the IT industry due to democratization of RPA. Automation, a popular emerging technology has an assured place in the future of global businesses.


Impact of RPA on the Existing Workforce and Workplace

#artificialintelligence

With current technologies like artificial intelligence, machine learning and data analytics being democratized in everyday applications, the IT industry has almost successfully transitioned into the Digital Era. When talking about digitization, one idea most industry leaders agree upon is that automation is the need of the hour. Along with other new age technologies, Robotic Process Automation (RPA) too has made a mark in the IT industry and according to Gartner 85 percent of big organizations will have deployed some form of RPA by the year 2022. While RPA is meant to bring about efficiency and reduce errors made in mundane and tedious work done manually by humans, it does give rise to the question of will there be a loss of jobs in the IT industry due to democratization of RPA. Automation, a popular emerging technology has an assured place in the future of global businesses.


In The Future Of Work, Humans Will Still Be Wanted

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Much of the debate on the fourth industrial revolution has revolved around the threat posed by new technologies such as AI and robotics to jobs and the human way of life. It's a debate that has often contained more hyperbole than fact, and perhaps Manpower is not the first group you would think of to try and add some sense to the debate, but that's what they've tried to do with a recent paper published to coincide with the World Economic Forum shindig in Davos. Lest we forget, Manpower was arguably the forerunner of the gig economy that is so hot today, with the company driving the temporary labor market since its foundation back in 1948. Whilst some will no doubt argue that it is therefore the devil incarnate and has spent decades eroding the hard won rights and privileges that the'future of work' seems to be largely without, it does nonetheless have a reasonably good position to oversee how the labor market is responding to the technologies of the fourth industrial revolution. They reveal that yes, employers are investing heavily in automated technology, but that they also appear to be investing heavily in human talent too.