Nearly half the world will need to retrain

Stefan Mileschin · 22nd August 2023, 08:07

Thanks to AI, old trains will be redundent

The IBM Institute for Business Value claims that 40 per cent of the world’s workers will need to be retrained within the next three years to cope with the changes of AI to their workloads.

That means that 1.4 billion of the 3.4 billion people in the global workforce, will have to retrain to acquire new skills.

The most effected will be entry-level employees – 77 per cent of executive respondents say entry-level positions are already seeing the effects of generative AI and that will intensify in the next few years. Only 22 per cent of respondents report the same for executive or senior management roles.

More than 87 per cent of executives surveyed believe employees are more likely to be augmented than replaced by generative AI. That varies across functions — 97 per cent of executives think employees in procurement are more likely to be augmented than replaced, compared to 93 per cent for employees in risk and compliance, 93 per cent for finance, 77 per cent for customer service and 73 per cent for marketing.

https://fudzilla.com/news/57452-near...eed-to-retrain

22nd August 2023, 08:07	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Nearly half the world will need to retrain Thanks to AI, old trains will be redundent The IBM Institute for Business Value claims that 40 per cent of the world’s workers will need to be retrained within the next three years to cope with the changes of AI to their workloads. That means that 1.4 billion of the 3.4 billion people in the global workforce, will have to retrain to acquire new skills. The most effected will be entry-level employees – 77 per cent of executive respondents say entry-level positions are already seeing the effects of generative AI and that will intensify in the next few years. Only 22 per cent of respondents report the same for executive or senior management roles. More than 87 per cent of executives surveyed believe employees are more likely to be augmented than replaced by generative AI. That varies across functions — 97 per cent of executives think employees in procurement are more likely to be augmented than replaced, compared to 93 per cent for employees in risk and compliance, 93 per cent for finance, 77 per cent for customer service and 73 per cent for marketing. https://fudzilla.com/news/57452-near...eed-to-retrain

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