Conclusion

The rapid advancement of intelligence (AI) and automation is causing changes, in the realm of
employment. According to specialists there is a possibility that AI could eventually replace job roles
currently held by humans. However on the contrary there is also a school of thought that believes AI will
open up avenues, for employment and enhance abilities.

The impact of AI and automation, on the future of work is intricate and unpredictable. Nonetheless it is
evident that these technologies will greatly influence the workplace. Although certain jobs may be
replaced by AI and automation they also have the potential to generate employment prospects and
enhance abilities.

These findings indicate that AI and automation may not completely replace humans. Instead the future
of work is expected to involve a collaboration, between humans and machines. It is crucial to prioritize
the development of skills, for the workforce promote AI advancements and address ethical concerns in
order to navigate this era of transformation successfully.

Data Analysis

According to a report, by McKinsey & Company automation may lead to the displacement of around 800
million jobs by 2030. However the same report also states that automation could potentially generate
up to 950 million job opportunities during the period. This indicates that AI and automation will likely
have an effect on employment despite the need, for a significant transitional phase as workers transition
from old roles to new ones.

The World Economic Forum report found that 50% of all employees will need reskilling by 2025 in order
to adapt to the changing demands of the workplace. This suggests that AI and automation are leading to
a rapid shift in the skills that are in demand. Workers who are able to develop the skills that are in
demand, such as creativity, critical thinking, and problem-solving, will be best positioned to succeed in
the future economy.

Interpretation

The data analysis and interpretation suggests that the future of work in the age of AI and automation
will be characterized by the following trends:

Displacement: Some jobs will be displaced by AI and automation, particularly jobs that are routine and
repetitive.

Creation: New jobs will be created in fields such as AI development, data science, and robotics.

Augmentation: AI and automation will augment human capabilities, allowing workers to be more
productive and creative.

Reskilling: Workers will need to reskill in order to adapt to the changing demands of the workplace and
develop the skills that are in demand.
Workers who are able to adapt to these trends will be best positioned to succeed in the future
economy.

References:

Dwivedi, Y. K., Hughes, L., Ismagilova, E., Aarts, G., Coombs, C., Crick, T., Duan, Y., Dwivedi, R., Edwards,
J. S., Eirug, A., Galanos, V., Ilavarasan, P. V., Janssen, M., Jones, P., Kar, A. K., Kizgin, H., Kronemann, B.,
Lal, B., Lucini, B., . . . Williams, M. D. (2021b). Artificial Intelligence (AI):

The Future of Jobs Report 2020. (2023, October 9). World Economic Forum.
https://www.weforum.org/publications/the-future-of-jobs-report-2020/