A report released by the World Economic Forum (WEF) claims that AI and smart technologies will put job roles such as bank teller, cashier, and data entry clerk at risk.
While Artificial Intelligence (AI) and other technologies are helping many people in a great way, it is also slowly taking away the jobs of users. A report released by the World Economic Forum (WEF) claims that AI and smart technologies will put job roles such as bank teller, cashier, and data entry clerk at risk. These roles could become obsolete in the next five years. The data is based on the survey of 803 companies that plan to adopt big data, cloud computing, and AI technologies in the coming years.
“For people around the world, the past three years have been filled with upheaval and uncertainty for their lives and livelihoods, with COVID-19, geopolitical and economic shifts, and the rapid advancement of AI and other technologies now risks adding more uncertainty,” Saadia Zahidi, Managing Director, World Economic Forum said.
List of job roles that are at risk and could be declined
Ever since online banking became popular in the world, it has created a bad impact on many physical bank branches as they are now of no use. This has led to the closure of banks, leaving bank teller and related clerk jobs at risk and so, the report says around a 40 percent decline in such roles could be seen before the end of this decade.
Similarly, as automation, sensor technologies, and online services are witnessing high interest and growth, these are also diminishing the need for postal service clerks, cashier and ticket office clerks, and data entry staff, as per the report. The cited source says that such roles could see a decline by more than a third in the next five years.
“In terms of highest absolute job losses, data clerks fare the worst, with an expected 8 million job losses within five years, followed by administrative and executive secretaries, and accounting, bookkeeping and patrol clerks. These three occupations combined account for more than half of total expected job destruction, the Future of Jobs 2023 report notes, the report stated.
10 job roles said to grow in the coming years
The report also revealed top 10 jobs that will see growth in the next five years.
“Autonomous and electric vehicle specialists are in hot demand, topping the list of most in-demand jobs for 2023, with more than 40% growth expected in the coming five years. Close behind, AI and machine learning specialists could see only slightly less job growth, followed by environmental protection professionals with an expected 35% increase over the same period,” the report said.
We might get to see more than 30 percent growth rate in roles such as specialists, fintech engineers, and several analyst roles – including business, information security, and data – together with data scientists. In addition to this, around 2 million new jobs in areas like heavy truck and bus drivers, vocational education teachers, and mechanics and machinery repairers will reportedly be generated between 2023 to 2027.
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