How to build the skills needed for the age of AI
AI is changing how we work and what skills workers need to thrive in a world of intelligent machines and cognitive computing. Only a sliver of education initiatives are devoted to AI and these are not yet integrated into most education systems. Collaborative initiatives between education and industry can accelerate the transition to a greener, more efficient and inclusive world where jobs and skills development pathways are readily available. New technologies can be exciting and disruptive at the same time. Over the past few years, no innovation has been more contentious than artificial intelligence (AI). It is changing the way we think about when, where and how we work and what skills workers need to thrive in a world of intelligent machines and cognitive computing. But it comes with a colossal caveat. How will it affect jobs and livelihoods? And, what steps can we take now to futureproof our workforces and equip them with the skills and know-how they’ll need to succeed in a more digital, automated and fast-paced jobs market? Job displacement – or job reconfiguration – is a primary concern. Labour-intensive work, such as assembling electronics or automobiles, handling materials and overseeing supply chains – careers that employ tens of millions of workers, which are critical to the economies of many developing countries – will certainly be impacted as AI-powered activities, such as quality control and robotics, replace some jobs. Knowledge-based workers in industries such as banking, marketing, and human resources may already need to skill-up to coexist with sophisticated technologies for financial analysis, algorithmic trading, predictive analytics and software development. AI will massively impact the workforce The IMF recently estimated that almost 40% of jobs will be impacted by AI. This effect varies by a country’s income level, however. About 60% of jobs in advanced economies may […]