A report by World Economic Forum (WEF) on Monday, claimed that artificial intelligence and robots are likely to perform 52% tasks of the workplace by 2025. Although, There will still be scope for 5.8 crore net new jobs in the coming 5 years.
There might be displacement of 7.5 crore jobs owing to advancement in automation technologies and artificial intelligence. The report titled “The Future of Jobs 2018” revealed that the adoption of robotics by different industries may give rise to 13.3 crore new roles as companies will try to draw a distinction between machine labour and human workforce.
The report anticipated the increasing number of robots working in the field of accounting, client management, postal, secretarial and industrial sectors.
Jobs with a requirement of “human skills” like social media, e-commerce, sales, customer services, and marketing are likely to witness an increasing trend. The study found out that the companies are likely to face difficulties in retraining their workers with skillsets like creativity, critical thinking, and persuasion.
The key findings of the report were derived from a survey which included personnel directors and senior executives from a broad range of companies accounting for 70% of the global output.
The report stressed on retraining workers in aviation, travel and tourism sectors by 2022. It also recommended governments over the world to prepare necessary measures for workers to cope up with a significant shift threatening permanency of jobs.