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In a global survey of large companies, an astounding 77% revealed they were preparing to reskill and upskill their current workforce to collaborate with AI by 2025-2030, as per the World Economic Forum's (WEF) latest report named "Future of Jobs." Interestingly, unlike the 2023 edition, this year's report doesn't foresee most technologies, including AI, as being a favorable influence on employment figures.
The WEF's press release prior to the annual Davos meeting hinted that advancements in AI and renewable energy are influencing the job market by boosting demand for tech-focused roles while decreasing the need for others, such as graphic designers.
In the comprehensive report, Saadia Zahidi, the WEF's managing director, underlined the role of generative AI in reshaping industries and tasks across various sectors. This groundbreaking technology can produce original content, like text and images, in response to user prompts.
According to the report, postal service clerks, executive secretaries, and payroll clerks are among the roles anticipating the quickest decrease in numbers in the coming years, either due to AI or other trends. Interestingly, graphic designers and legal secretaries just missed the top 10 fastest-declining job roles, a first for the Future of Jobs Report. This could suggest that GenAI's capability to perform knowledge work is expanding.
On the flip side, AI skills are in high demand. A staggering 69% of companies plan to recruit new workers with AI tools creation and enhancement skills, while 62% aim to hire more staff with expertise in collaborating with AI.
The report maintained a generally optimistic stance, suggesting that technologies like GenAI's primary impact on jobs could lie in their potential to enhance human skills through collaboration rather than outright replacement, particularly considering the significance of human-centered skills.
Despite this optimistic outlook, some tech companies, such as Dropbox and Duolingo, have reportedly turned to AI as a reason for layoffs in recent years.
The report highlights the need for companies to hire more staff with AI tools creation and enhancement skills, indicating a growing emphasis on business integration with AI technologies. Furthermore, as Saadia Zahidi mentioned, generative AI has the potential to reshape various sectors by collaborating with humans, creating a new dynamic in the business world.
