Artificial intelligence and the future of work: An analysis of the World Economic Forum

WHITEPAPER of the World Economic Forum Jobs of Tomorrow: Large Language Models and Jobs

How to read the World Economic Forum matrix shown below?

“The jobs with the highest potential for automation are featured in the lower box […] and overlap significantly with those that are expected to decline over the next five years, as indicated by survey results from business leaders in the Future of Jobs Report 2023.

 

The three with the greatest expected declines are Bank Tellers and Related Clerks (87% of time spent on tasks with high potential for automation, 41% expected decline), Data Entry Clerks (58% potential automation, 36% expected decline), and Administrative and Executive Secretaries (69% potential automation, 34% expected decline). All jobs with high potential for automation have negative expected growth, with the exception of Securities and Finance Dealers and Brokers.”

 

The jobs with high potential for augmentation are featured in the upper box […] and mostly align with jobs with strong expected growth over the next five years, as indicated in the Future of Jobs Report 2023.

 

Jobs largely in the families of technologists, engineers and analysts have potential for augmentation and growth. AI and machine learning specialists have the highest expected growth (75% of time spent on tasks with high potential for augmentation, and 39% expected growth), followed by Data Analysts and Scientists (84% potential augmentation, and 31% expected growth) and Database and Network Professionals (83% potential augmentation, and 14% expected growth).

 

However, jobs with high potential for augmentation feature significant variation in expected growth, and several jobs in this category have low growth expectations […]. Nevertheless, the general congruence between augmentation potential and expected growth suggests that adopting generative AI, with its potential to increase individual worker productivity, could fuel significant job growth.”

What do you think about the impacts of AI on the future of work? Which skills do you think are the most important to adapt to the changes?