Machines to Handle Half of Work Tasks by 2025, Davos Group Says

Yolanda Curtis
September 22, 2018

The reports also suggested that companies, governments, and employees need to cooperate to tackle human skill shortages and separate tasks done by humans and machines.

Almost 50 percent of companies expect that automation will lead to some reduction in their full-time workforce by 2022, based on the job profiles of their employee base today.

The World Economic Forum also predicts the loss of some 75 million jobs worldwide by 2022, but also says 133 million new jobs will be created.

Some companies could choose to use temporary workers, freelancers and specialist contractors, while others may automate numerous tasks.

According to the report, developments of machines and automation software in the workplace could create 58miilion new jobs in the next five years.

In terms of labour division, 2025 is set to be the year machines tip the scales. By 2022, this average is expected to shift to 58 per cent task hours performed by humans, 42 per cent by machines.

Artificial intelligence and its impact on jobs has become a hot topic of debate and many experts have predicted that machines will ultimately replace millions of jobs in the next decade.

"People, whether they're workers or consumers, will only accept and tolerate the consequences if technology serves them - and not they it", Reiner Hoffmann told daily Welt in reaction to the WEF report. "Without proactive approaches, businesses and workers may lose out on the economic potential of the Fourth Industrial Revolution".

When determining job location decisions, companies overwhelmingly prioritize the availability of skilled local talent as their foremost consideration, with 74 percent of respondents providing this factor as their key consideration. Whilst the future of work will see more organisations adopt technologies such as these, their fundamental role will be to remove repetitive tasks and admin work, making way for employees to focus on more meaningful and creative work.

So it'll be farewell to jobs such as office administrator and driver, and hello to new roles such as drone piloting and remote patient health monitoring.

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