Artificial intelligence is transforming the job market, creating new opportunities and challenges. Here’s what’s current:
Job Creation and Transformation
- AI is expected to create 69 million new jobs worldwide by 2028, while potentially displacing others, according to the World Economic Forum.
- New roles emerging due to AI include AI “trainers,” “explainers,” and “sustainers,” such as AI safety officers, ethicists, and user experience designers.
- Industries like healthcare and education are likely to see growth, with a projected 10% increase in university and higher education teachers.
Impact on Industries and Workers
- 92% of tech jobs are expected to undergo significant transformation due to AI, with entry-level and mid-level professionals at the forefront of this change.
- AI may automate tasks equivalent to 300 million full-time jobs globally, but could also increase productivity and economic growth by 7%, according to Goldman Sachs.
- Certain skills will become more valuable, such as AI literacy, data analytics, and prompt engineering, while others may become less relevant.
Preparing for the Future
- Companies like Cisco, Google, IBM, and Intel are investing in training programs to upskill workers in AI and related technologies.
- Developing soft skills like critical thinking, creativity, and interpersonal communication will be essential for workers to complement AI.
- Embracing lifelong learning and adapting to new technologies will be crucial for professionals to stay ahead in the job market.