Global Communications & Public Affairs Manager at Generation | Global Shaper at WEF | AI & Future of Work Speaker | Career Coach
What will be the impact of #AI on the #FutureOfWork according to a study conducted by McKinsey & Company and referenced in the AI Index Report 👇 👉 Although a large proportion of the business professionals surveyed (30%) expected little to no change in the number of employees, 43% felt that staff size would decrease in the next 3 years. Only 15% felt that generative AI would lead to increases in the number of employees. There were also widespread predictions that AI would lead to an increased need for employee #reskilling. 🧠 What do these insights mean in other words? While the impact of AI on the number of employees in an organisation will likely be, on average, minimal, depending on how rapidly generative AI tools are deployed in the coming years, we might see a decrease in the number of #job postings for certain functions as AI is taking over more of the tasks for certain roles (e.g. customer support). 🧠 Also, when it comes to the need to be reskilled, which was expressed by the majority of business professionals surveyed, what I see happening instead is that employees are left, in most cases, to their own devices. In other words, while their employers are figuring out different business use cases for generative AI tools, employees are learning by themselves how to use them. 👉 The need to equip people with AI skills will only increase in the coming years, but unfortunately, most organisations will struggle to keep up to speed with the latest developments in generative AI and reskill their workers at the same time. Therefore, my message, which I also delivered yesterday at the Business Circle Power of People Conference, is that it's down to us to reskill ourselves. "AI won't replace humans in the workplace, but humans who know how to work with AI tools will replace humans who don’t." - HBS Professor Karim Lakhani
Global Communications & Public Affairs Manager at Generation | Global Shaper at WEF | AI & Future of Work Speaker | Career Coach
6moThe anticipated effect of generative AI on employment per business function differs. Certain functions, like service operations (54%), supply chain management (45%), and HR (41%), are especially likely, according to respondents, to experience decreasing employment: