The rise of AI - is your job safe? What does this mean for the future of work? (And top growing job types)

The World Economic Forum (WEF) has issued a stark warning about the future of employment. In a recent report, the WEF predicted that 14 million jobs worldwide will disappear by 2028. This represents a major challenge for governments, businesses and workers alike.

The WEF's report, entitled "The Future of Jobs 2023", highlighted the impact of technological innovation on the labour market. Automation, robotics and artificial intelligence are expected to replace a significant number of human jobs in the coming years. This trend is already underway, with many industries experiencing a shift towards automation and digitisation.

The report states that "the displacement of human labour by machines is no longer a futuristic scenario" and that "the impact on employment is already being felt in many industries". The report goes on to identify the sectors most at risk of job losses, including manufacturing, retail, transportation and logistics.

However, the WEF's report also highlights the potential for new jobs to emerge in the wake of this technological disruption. The report suggests that by 2028, there could be as many as 97 million new jobs created globally. These jobs will require new skills and competencies, particularly in areas such as data analysis, digital marketing and programming.

Despite this potential for new job creation, the transition to a more automated economy is likely to be challenging for many workers. The WEF's report suggests that "the task of reskilling and upskilling the workforce is urgent and complex". Governments and businesses will need to invest in education and training programmes to ensure that workers have the skills they need to succeed in the changing job market.

The WEF's predictions highlight the need for a coordinated response to the challenges of technological disruption. Governments, businesses and workers will need to work together to create a future of work that is both productive and sustainable. This will require a focus on reskilling and upskilling, as well as investment in new technologies and industries.

WEF's report should serve as a wake-up call for anyone concerned about the future of work. The transition to a more automated economy will be disruptive, but it also presents opportunities for new jobs and industries. Governments, businesses and workers must work together to create a future of work that is both equitable and sustainable.

The top 10 predicted fastest-growing job types/industries:?

1. AI and machine learning specialists

Demand for AI and machine learning specialists is expected to grow by 40 per cent, (at least 1 million jobs), as the usage of AI and machine learning drives continued industry transformation. If you aren't using Chatgpt or an equivalent yet - get familiar with it!

2. Sustainability specialists

Jobs for sustainability specialists and environmental protection professionals are expected to grow by 33 per cent and 34 per cent respectively, translating to growth of approximately 1 million jobs. This will be particularly important in heavy industries (and yay for property!)

3. Business intelligence analysts

As more and more businesses digitise their operations, analysts who can make sense of that data, and monetise those opportunities, will be sought after.

4. Information security analysts

Securing the huge oceans of personal and private data now being held by companies and governments has never been more important.?Cybersecurity is becoming imperative for both private citizens and corporates.

5. Fintech engineers

The continuing shift of finance from traditional methods onto digital platforms requires fintech engineers.

6. Data analysts and scientists

As the world has become more digitalised and connected to the internet, harnessing and understanding that big data has become a very lucrative business.

7. Robotic engineers

Advanced robots and robotics are predicted to take many jobs once performed by humans.

The people who can design and build these machines will be valued by companies looking to cut wage costs and increase efficiency.

8. Electrotechnology engineers

Skilled electrical engineers who design, create and maintain everything from small gadgets to massive infrastructure will continue to be in high demand.

9. Agricultural equipment operators

The growing and harvesting of food for the world's population will still require workers to control large machinery - The report says at least for the next five years - I wonder what will happen after that?

10. Digital transformation specialists

As humans and companies become ever-reliant on digital technology, workers who can help businesses transition successfully will flourish.

No matter what role you are in - in every role and at every level, you should be continuing to invest in your development - and I hope this article convinces you that your technology skills should be top of the list!

If you would like to read the full report, you can find it here:

https://www.weforum.org/reports/the-future-of-jobs-report-2023/digest/

Have a wonderful day!