BENGALURU: Given today's fast-changing world, as high as 62% of Indian professionals said in a survey by LinkedIn that they felt daunted by the rapid pace of change in skills that are in demand. A high proportion (45%) of those surveyed left organisations because of lack of learning and development opportunities, according to LinkedIn, which surveyed about 5,000 employees and professionals in Australia, India, Japan, and Singapore. And this mismatch between market requirements, labour skills and opportunities is expected to grow more acute in future. By 2020, it is estimated that Asia-Pacific (Apac) will face a labour shortage of 12.3 million workers at an annual opportunity cost of $4.2 trillion. By 2020, it is also expected that 42% of the core skills required for a job will change, LinkedIn said.
The AI Group of experts at the OECD (AIGO) completed its recommendations in meetings at the World Government Summit in Dubai earlier in February. "The contributions of the AI expert group mark an important milestone in our efforts to ensure that governments and people share the economic and social benefits of AI and understand and minimise the risks," said Andrew Wyckoff, director of the OECD's Science, Technology and Innovation Directorate, which is spearheading the work. The recommendations cover a broad range of public and private policy matters that are being transformed by artificial intelligence systems. They include a common understanding of AI concepts including: what is an AI system? What is the AI system lifecycle?
As whispers of another UK election grow louder, Tom Watson, Deputy Leader of the Labour Party and Shadow Secretary for Digital, Culture, Media, and Sport, could soon play a pivotal role in the future of AI in Britain. In this world exclusive interview for AI Business, Watson outlines his views on how a Labour government could use AI and automation to address inequality and the future of public services, as well as deliver improved working and living conditions for all. LONDON--Tom Watson has been given many labels during the course of his 20-year career as a Labour politician. Since calling for Tony Blair's resignation back in 2007, he gained a reputation among some as Labour's'arch-fixer'. Today, as deputy leader of the Labour Party, he's often seen by some on the left (ironically) as a'Blairite' opponent of the party's leader, Jeremy Corbyn.
A woman glumly considers her chances of expanding knowledge and skills for a rapidly changing world at the facilities of TCDC Resource Center, one spot to get help. The Fourth Industrial Revolution is at our doorstep, with artificial intelligence (AI), robotics and automation threatening unskilled workers and new graduates who are at risk of being left unemployed by job-killing androids. As these technological breakthroughs take place, automation and AI are compelling blue-collar workers to improve their skills and do more sophisticated work. Those who fail to adapt will be left behind. Plans to cut jobs have already begun in the banking and telecom sectors, signalling a trend that retail may soon follow as customers enjoy self-service through digital channels.