Robots will carry out 52 percent of current work tasks performed by humans by 2025 - in the meantime, 58 million net new jobs will possibly emerge in the next five years, the World Economic Forum (WEF) reported in its latest study on Monday.
According to the World Economic Forum (WEF), about 133m jobs globally could be created with the help of rapid technological advances in the workplace over the next decade, compared with 75m that could be displaced.
New skill sets for employees will be needed as labour between machines and humans continue to evolve, the report pointed out. Many firms may choose to hire temporary workers, freelancers and specialist contractors for tasks not automated by new technology. Instead, technological changes such as high-speed mobile Internet and cloud technology, artificial intelligence, robots and automation are expected to drive a "significant shift on the frontier between humans and machines when it comes to existing work tasks between 2018 and 2022". Consequently, humans will go from performing 71% of total task hours to 58%.
Respondents predicted a decline of 984,000 jobs and a gain of 1.74 million jobs between now and 2022. Its authors say the outlook for job creation has become more positive since the last report in 2016 because businesses have a better sense of the opportunities made possible by technology.
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"A lot of these new jobs will be centred around understanding and managing the technology, as the limitations of machine learning means it needs human wisdom to guide it".
Roles that distinctly leverage "human skills" such as sales and marketing professions, innovation managers and customer service workers, are also set to experience increasing demand, WEF noted. "At the same time a greater number of new jobs will be created", said Saadia Zahidi, a WEF board member.
The research was published today in "The Future of Jobs 2018'".
Technology is disrupting everything, including the way we work.