A report published by the World Economic Forum highlights that the use of artificial intelligence (AI) and digitization are increasing the demand for technology and cybersecurity experts, but they are also causing a decrease in administrative work in the next five years. The study is based on the perspectives of 803 companies from 45 economies, which employ more than 11.3 million workers. Of these companies, 75% expect to adopt AI technologies for administrative and record-keeping jobs, which could result in the loss of 26 million jobs worldwide.
According to the report, 25% of companies expect AI adoption to drive job losses, while 50% of organizations surveyed expect AI to drive job growth, especially in technology-related occupations. Despite this, the report also highlights that AI currently poses less of a threat to job prospects than other macroeconomic factors, such as slower economic growth, supply shortages, and inflation.
In general, the demand for technology and cybersecurity specialists is expected to increase in the coming years due to the increase in digitization and AI. At the same time, administrative jobs are expected to decrease in number due to automation and digitization. In conclusion, the report suggests that labor markets are undergoing significant change due to technology and digitization, and workers will need to adapt to the changes to stay relevant in the labor market.
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