Recent surveys, studies, forecasts and other quantitative assessments of the impact and progress of AI highlighted the need to retrain many workers, improving AI's score from F to A on 8th-grade science exam, and the $97.9 billion the AI market will reach in 2023. In the next three years, as many as 120 million workers in the world's 12 largest economies may need to be retrained or reskilled as a result of AI and intelligent automation; only 41% of CEOs surveyed say that they have the people, skills and resources required to execute their business strategies; the time it takes to close a skills gap through training has increased from 3 days on average in 2014 to 36 days in 2018 [IBM] Top drivers for investing in robotics and automation: Reduced cost (80%), improved quality (55%), increased productivity (54%), improved capabilities of robots (54%). L'Oréal's recruiters believe they saved 200 hours of time to hire 80 interns out of a pool of 12,000 candidates, using a chatbot that saves significant time in the early stages of the recruiting process by handling questions from candidates, and Seedlink, AI software that assesses their responses to open-ended interview questions [Forbes]

Recent surveys, studies, forecasts and other quantitative assessments of the impact and progress of AI highlighted the need to retrain many workers, improving AI's score from F to A on 8th-grade science exam, and the $97.9 billion the AI market will reach in 2023. In the next three years, as many as 120 million workers in the world's 12 largest economies may need to be retrained or reskilled as a result of AI and intelligent automation; only 41% of CEOs surveyed say that they have the people, skills and resources required to execute their business strategies; the time it takes to close a skills gap through training has increased from 3 days on average in 2014 to 36 days in 2018 [IBM] Top drivers for investing in robotics and automation: Reduced cost (80%), improved quality (55%), increased productivity (54%), improved capabilities of robots (54%). "I was at MIT for another fifteen years after I graduated…twenty years after I went and asked to do my bachelor's thesis [with Victor Zue on speech recognition], Siri comes out… twenty years ago, we [wanted to] have a device where you can talk to it and it gives you answers and twenty years later there it was. So, that, for me, that was a cue that maybe it's time to go where the action is, which was in companies that were building these things. Once you have a large company like Microsoft or Google throwing their resources behind these hard problems, then you can't compete when you're in academia for that space. You know, you have to move on to something harder and more far out… So, I joined Microsoft to work on Cortana…"--T.J. Hazen The worldwide market for AI systems will reach $97.9 billion in 2023, up from $37.5 billion in 2019.

More than 120 million workers globally will need retraining in the next three years due to artificial intelligence's impact on jobs, according to an IBM survey. That's a top concern for many employers who say talent shortage is one of the greatest threats to their organizations today. And the training required these days is longer than it used to be -- workers need 36 days of training to close a skills gap versus three days in 2014, IBM notes in the survey. Some skills take longer to develop because they are either more behavioral in nature such as teamwork and communication or highly technical, such as data science capabilities. "Reskilling for technical skills is typically driven by structured education with a defined objective with a clear start and end," Amy Wright, IBM managing director for talent, wrote in an email.

As our world becomes more and more technology-driven, robots could replace workers in a huge number of jobs, a new report has warned. The report claims that as many as 800 million workers could be replaced by machines in just 13 years. Jobs most likely to be taken include fast-food workers and machine-operators, while gardeners, plumbers and childcare workers are the least likely to be replaced by bots, according to the report. In terms of jobs, the report suggests that physical jobs in predictable environments – including machine-operators and fast-food worker – are the most likely to be replaced by robots. But it added: 'Collecting and processing data are two other categories of activities that increasingly can be done better and faster with machines.