Generative artificial intelligence is set to bring significant changes to various industries within the next decade, impacting the way we work and the spaces we work in. A recent study by Oxford Economics has shed light on the sectors that will be most affected by AI, particularly focusing on jobs related to computers, mathematics, office support, and sales.
The study utilized machine learning to analyze nearly 18,000 tasks in the USA, assigning automatability scores and assessing exposure to generative AI. It was found that computer and mathematics-related roles would have the highest exposure to AI at 62%, followed by office and administrative support at 53%, and sales at 52%.
On the other end of the spectrum, jobs in sectors like agriculture, construction, and cleaning and maintenance were found to be least exposed to AI. The research also highlighted the potential displacement of workers due to AI-led automation, estimating that over 9% of the current US workforce could be displaced by 2032.
Moreover, the study outlined the impact on the commercial real estate sector, noting that sectors like offices, life sciences, and manufacturing would be the most affected by generative AI. This could pose a challenge to future space demand in the office property sector unless there is a significant increase in office-using employment growth.
Overall, generative AI is predicted to enhance productivity in the workforce by over 10% in the next decade, albeit leading to some job displacements. As industries adapt to the rise of AI, it will be crucial for businesses and workers to embrace technological advancements and prepare for the evolving workplace landscape.
