Original ArticleThis article is a summary of an article hosted elsewhere. Read the original article here.
Report: Machines to handle over half of all workplace tasks by 2025
Underscoring how rapidly the labor market will change in the near future, the World Economic Forum (WEF) on Monday released a report showing more than half of all workplace tasks will be completed by machines by 2025. The WEF estimates that machines will be responsible for 52% of the division of labor as a share of hours within seven years, marking a significant jump from the current share of 29%. While about 75 million jobs worldwide will be lost by 2022, that number could be offset by the creation of 133 million new jobs, according to the report. However, this will require widespread training and retraining of employees. WEF board member Saadia Zahidi says, “Our research suggests that neither businesses nor governments have fully grasped the size of this key challenge of the Fourth Industrial Revolution.”
Third-year student currently studying Computing in Games Development at DkIT. Part-time Tutor at DkIT. Previously worked as an Instructor at the Center for Talented Youth, Dublin City University. Vice President of the DkIT ACM Student Chapter.