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"THE FUTURE OF WORK - HOW AUTOMATION AND AI ARE CHANGING THE JOB MARKET": DE MODE GLOBAL

ORIGINALLY PUBLISHED IN DE MODE

Article Published on: 01 MAR 2023 | www.demodemagazine.com


The future of work is rapidly evolving as automation and artificial intelligence (AI) become increasingly prevalent in the job market. With the rise of automation and AI, many jobs are at risk of becoming obsolete, while new opportunities are emerging in fields that require specialized skills and knowledge. In this article, we will explore how automation and AI are changing the job market and what the future of work may look like.

Automation and AI in the Workplace

Automation and AI are transforming the workplace by increasing efficiency, reducing costs, and improving accuracy. Automation technologies such as robotic process automation (RPA) and machine learning algorithms are being used to automate repetitive tasks, such as data entry and customer service. This is freeing up employees to focus on more complex tasks that require human skills, such as critical thinking, problem-solving, and creativity.

AI is also being used to make more informed decisions by analyzing vast amounts of data. This is particularly useful in industries such as healthcare, finance, and manufacturing, where data analysis can help to identify trends, optimize processes, and reduce waste.

Photo by Simon Kadula

The Impact on Jobs

While automation and AI are increasing efficiency and productivity, they are also impacting jobs in a significant way. Many jobs that are repetitive and require low-skilled labor, such as factory workers and administrative assistants, are at risk of becoming obsolete as these tasks become automated. According to a report by the McKinsey Global Institute, up to 800 million jobs worldwide could be displaced by automation and AI by 2030.

However, new opportunities are emerging in fields that require specialized skills and knowledge, such as data analysis, cybersecurity, and AI programming. These jobs are likely to be in high demand as companies seek to develop and implement new technologies.

Photo by Owen Beard

The Importance of Reskilling and Upskilling

As automation and AI continue to change the job market, it is becoming increasingly important for workers to reskill and upskill to stay relevant. This means developing new skills and knowledge that are in demand in the job market. For example, workers who previously held low-skilled jobs may need to develop skills in data analysis or programming to transition to new roles in the technology industry.

Upskilling and reskilling can be done through formal education programs, online courses, or on-the-job training. Employers also have a role to play in supporting their employees' development by providing training opportunities and investing in skills development programs.

Photo by The Jopwell Collection

The Gig Economy and Freelancing

The rise of automation and AI is also contributing to the growth of the gig economy and freelancing. As companies seek to reduce costs and increase flexibility, they are turning to freelancers and contract workers for specialized tasks. This trend is expected to continue, with up to 50% of the workforce projected to be freelance by 2027, according to a study by Upwork and Freelancers Union. Freelancers and contract workers are often highly skilled and offer specialized services, such as graphic design, software development, and content creation. However, this type of work can also be unstable and uncertain, with no guarantees of ongoing work or job security.

Photo by Elena Rabkina

The Role of Government and Policy

As the job market continues to evolve, the role of government and policy becomes increasingly important. Governments can play a role in supporting workers who are at risk of being displaced by automation and AI by providing education and training opportunities and supporting the development of new industries.

Policymakers can also work to address the challenges and opportunities presented by the gig economy and freelancing. For example, they can develop policies to provide social protections for freelance workers, such as access to healthcare and retirement benefits.

Photo by Tara Winstead

In conclusion, automation and AI are changing the job market in a significant way. While many jobs are at risk of becoming obsolete, new opportunities are emerging in fields that require specialized skills and knowledge.

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