Artificial intelligence to create 133 million jobs globally: Report

 

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The uptake of artificial intelligence (AI) is expected to create 133 million new jobs globally and “drastically change” the UK job market in the coming years, according to a new report.

The findings come from the Harnessing the Power of AI: The Demand for Future Skills report, produced by global recruitment agency Robert Walters and market analysis company Vacancy Soft.

The report states that around 10.5 million workers will be impacted by the emergence of AI as around 10-30% of jobs in the UK become automated or otherwise change.

However, it also finds that artificial intelligence will create a host of new jobs.

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4 sobering predictions about the future of jobs in an automated world

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Artificial intelligence and automation will create more jobs than they replace, according to a new report entitled “The Future of Jobs” from the World Economic Forum (WEF). But the transition will likely be tough for some workers, the group warns.

“Our analysis finds that increased demand for new roles will offset the decreasing demand for others,” according to the report. “However, these net gains are not a foregone conclusion. They entail difficult transitions for millions of workers and the need for proactive investment in developing a new surge of agile learners and skilled talent globally.”

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5 important Artificial Intelligence predictions (for 2019) everyone should read

 

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Artificial Intelligence – specifically machine learning and deep learning – was everywhere in 2018 and don’t expect the hype to die down over the next 12 months.

The hype will die eventually of course, and AI will become another consistent thread in the tapestry of our lives, just like the internet, electricity, and combustion did in days of yore.

But for at least the next year, and probably longer, expect astonishing breakthroughs as well as continued excitement and hyperbole from commentators.

This is because expectations of the changes to business and society which AI promises (or in some cases threatens) to bring about go beyond anything dreamed up during previous technological revolutions.

AI points towards a future where machines not only do all of the physical work, as they have done since the industrial revolution but also the “thinking” work – planning, strategizing and making decisions.

The jury’s still out on whether this will lead to a glorious utopia, with humans free to spend their lives following more meaningful pursuits, rather than on those which economic necessity dictates they dedicate their time, or to widespread unemployment and social unrest.

We probably won’t arrive at either of those outcomes in 2019, but it’s a topic which will continue to be hotly debated. In the meantime, here are five things that we can expect to happen:

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