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AI's Shadow Looms Large: The Looming Threat to Millions of IT Jobs

Artificial intelligence, once a concept relegated to the realm of science fiction, is now firmly entrenched in our reality. Its rapid evolution and increasing sophistication have sparked both excitement and trepidation. One area that is being profoundly impacted is the IT industry. A recent study has revealed a startling statistic: approximately 91.5% of IT jobs, including a staggering 10 million positions within the EU, are at risk of being automated by AI. The implications of this are far-reaching. Tasks that were once the exclusive domain of human IT specialists, such as coding, data analysis, and troubleshooting, can now be performed with increasing efficiency and accuracy by AI-powered systems. Generative AI tools like ChatGPT have demonstrated the ability to write code, search for information, and summarize text – core competencies of many IT professionals. But how exactly will AI reshape the IT landscape? According to the study, which surveyed experts on the skills required fo...

Will AI Lead to Structural Job Cuts in Five Years?

Are robots and AI about to take over the world, leaving us all jobless and hopeless? According to the World Economic Forum's Future of Jobs report, 83 million people are about to lose their jobs due to "structural labour market churn." Sounds serious, doesn't it? It's like a fancy way of saying "you're fired." But don't worry, folks! The report also states that 44% of workers' skills will be disrupted in the next five years. So, not only will you be unemployed, but you'll also have to learn new skills. It's like going back to school, but without the fun parts. The report also emphasizes the need for analytical skills, followed by creative thinking and tech literacy. But let's be real, who needs those skills when you have a robot to do all the work for you? Just sit back, relax, and let the machines take over. Will AI Lead to Structural Job Cuts in Five Years? Goldman Sachs analysts also weighed in, stating that AI systems and work...

AI in the Workplace: Examining the Impact and Perceptions from Eight OECD Countries

Artificial intelligence (AI) has become an integral part of the workplace, and its influence is growing by the day. With AI technologies becoming increasingly prominent in modern business operations, it is crucial to understand their impact on the workforce. The question that arises is how do current statistics portray the use of AI, and how do employees and employers perceive its effects? This article delves into the current evidence from eight OECD countries, providing insight into the impact of AI on the workplace. From concerns about wage development to opportunities for growth, this article explores the various dimensions of the AI-driven transformation of work. Examining the Impact and Perceptions from Eight OECD Countries Potential for Change with and through AI - Current Assessments by Employees and Employers Artificial intelligence (AI) has been a buzzword in the world of work for several years now. While employers see the potential for improved efficiency, cost savings, a...

Study: ChatGPT AI Chatbot Puts Jobs at Risk

A new study has revealed that around 80% of workers in the US could potentially have their jobs impacted by the artificial intelligence chatbot ChatGPT. Developed by OpenAI, ChatGPT is a free AI chatbot that can perform a range of tasks, including writing essays, creating diet plans, and even helping users apply for jobs. The technology has been hailed as one of the biggest technological advancements since the invention of the computer or the internet. According to OpenAI, 80% of the US workforce could have at least 10% of their work impacted by the technology, while 19% of workers could see as much as 50% of their tasks impacted. The research also found that jobs with higher wages, which require workers to perform many software-based tasks, could face more exposure to disruption from AI-powered chatbots. when your job at risk? “Our analysis indicates that the impacts of LLMs (large-language models) like GPT-4, are likely to be pervasive,” the study says. Researchers found that roles ...