AI's Impact on Jobs Will Be Massive by 2030

LinkedIn CEO Ryan Roslansky and KPMG India CEO Yezdi Nagporewalla discussed the impact of AI on the workforce at the USISPF India Leadership Summit. Roslansky compared the current technological shift to the Industrial Revolution, arguing that AI will create new opportunities while also changing existing jobs. He emphasized the need for professionals to focus on acquiring new skills and embracing change. Roslansky shared data revealing a significant shift in the skills required for the same job roles in India, highlighting the need for lifelong learning and adapting to evolving job requirements.

LinkedIn's Role in Aiding Professionals Facing Automation

This article is written based on the conversation between Ryan Roslansky, CEO of LinkedIn, and Yezdi Nagporewalla, CEO of KPMG India, highlight how the LinkedIn platform helps professionals whose jobs are at risk of automation.

Roslansky explains that LinkedIn's "economic graph" plays a crucial role in this process. This graph comprises data from over 1.1 billion professionals, 65 million companies, and 20 million jobs. It tracks skills, courses, and real-time shifts in the global labor market, updating "roughly 5 million times per minute". This data enables LinkedIn to analyze "across every job title and every category" and determine the degree to which various jobs consist of "automatable tasks."

For those individuals whose jobs face a high risk of automation, LinkedIn acts as a platform to connect them with "new jobs." It's reasonable to infer that LinkedIn leverages its vast network and data to suggest alternative career paths, recommend relevant skills development, and facilitate connections with potential employers.

AI's Impact on the Future of Work: Skills Evolution and New Opportunities

AI is transforming the nature of work, similar to the Industrial Revolution, by creating new opportunities and changing existing jobs. This conversation highlighted two major impacts: the evolution of job skills and the emergence of new opportunities.

Evolution of Job Skills

Roslansky points out that in India, the skills needed for the same job roles have already changed by 40% since 2015, and this is projected to increase to 70% by 2030. Essentially, "your job is changing on you right now". He encourages professionals to think beyond job titles and focus on the tasks involved. By understanding these tasks, individuals can identify which tasks are likely to be automated by AI and which require upskilling.

Emergence of New Opportunities

While AI may automate certain tasks, it also creates new opportunities. Roslansky emphasizes that AI can boost productivity and expand labor markets. He believes that AI should be viewed as a source of growth rather than fear. LinkedIn's data, based on its "economic graph," provides real-time insights into these evolving trends, helping people identify new opportunities and acquire the necessary skills.

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AI's Impact on the Future of Work: Skills Evolution and New Opportunities

The impact of of AI on the future of work is real, particularly in terms of changing job skills and the creation of new job opportunities. AI is transforming jobs across industries, similar to the impact of the Industrial Revolution. This technological shift, driven by AI, will result in increased productivity and an expansion of labor markets, leading to the emergence of new job opportunities.

Job skills are evolving rapidly due to AI. New skill sets are required for the same job roles have significantly changed in recent years. For example, in India, the skill sets for the same roles have changed by 40% since 2015, and this is projected to increase to 70% by 2030. This signifies that even without changing job titles, the required skills are constantly evolving.

Individuals must adapt to these changes by focusing on tasks rather than job titles. As AI automates certain tasks, individuals need to identify the tasks within their roles that can be automated and seek upskilling opportunities to enhance their productivity and success. AI will create new opportunities that are currently unimaginable, much like the Industrial Revolution did.

Note: This article is a summary from Business Today's video.

This article is an abstraction of an insightful conversation with Ryan Roslansky, LinkedIn CEO, focusing on the transformative impact of artificial intelligence (AI) on the future of work. The conversation took place at the USISPF India Leadership Summit 2024, hosted by Yezdi Nagporewalla, CEO of KPMG India.

Disclaimer: This article provides a summary of key insights from the conversation.

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References:

1) LinkedIn CEO?On AI’s Impact: Future Jobs Will Evolve By 70% By 2030, uploaded on 18 Oct 2024, https://www.youtube.com/watch?v=4xvzs_iJbrM

2) What Donald Trump's second Presidency will mean for the Tech Industry, uploaded on 13th Nov 2024, KPIX | CBS NEWS BAY AREA, https://www.youtube.com/watch?v=sI1nBPbgYpE

About Jean

Jean Ng is the creative director of JHN studio and the creator of the AI influencer, DouDou. She is the Top 2% of quality contributors to Artificial Intelligence on LinkedIn. Jean has a background in Web 3.0 and blockchain technology, and is passionate about using these AI tools to create innovative and sustainable products and experiences. With big ambitions and a keen eye for the future, she's inspired to be a futurist in the AI and Web 3.0 industry.

AI Influencer, DouDou

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