According to The World Economic Forum’s latest 2023 Future of Jobs report, an estimated 23% of jobs in the world are expected to change by 2027. The report is based on data sets from 803 companies. Analysts predict that while 69 million new jobs will be created, 83 million job will be eliminated.
Technology, economic and environmental trends are playing the main role in this job creation and destruction. To ensure job creation and sustainability, businesses should focus on instruments that enable the green transition of businesses, apply ESG standards and focus on local supply chains. Artificial intelligence (AI) implementation is seen as one of the most important contributors to job creation. According to Dr. Jassim Haji, President of the International Group of Artificial Intelligence, companies and organisations should embrace AI as it can create smarter and more innovative jobs. He also adds that AI is most likely to influence call centers and customer service, bookkeeping, hospitality services, aviation, training providers, and the banking sector’s routine jobs.
To facilitate this job transition, companies need to prioritize training their workers to use AI and data–which ranks third in the skills-training priorities list. In addition, cognitive skills such as creative thinking, decision-making, and analytical ability are essential and will remain vital in the coming years.
The company mentioned in this article is the World Economic Forum, which is a Swiss non-profit organization founded in 1971. It is composed of leaders within the business, governmental and academic communities who aim to offer solutions to global problems.
The person mentioned in this article is Dr. Jassim Haji, the President of the International Group of Artificial Intelligence (IGAI). Dr. Haji has over 20 years of experience in the field of AI, robotics and data science. He has worked with several of the world’s leading organizations, such as Microsoft, Fujitsu, and Barclays to develop and integrate AI applications. His expertise lies in helping these organizations to effectively utilize AI processes and technologies.
