Artificial intelligence, agriculture technologies, digital platforms and apps, e-commerce, etc. have been projected to cause significant labour market disruption, the World Economic Forum “Future of Jobs Report 2023” has revealed.
The recently released report indicated that the disruption will come with substantial proportions of companies forecasting job displacement in their organisations, offset by job growth elsewhere to result in a net positive.
Recent research on generative AI showed it may affect a significant proportion of total worker tasks, adding that it did not distinguish between tasks being augmented and those automated. “Big data analytics, climate change and environmental management technologies, and encryption and cybersecurity are expected to be the biggest drivers of job growth.
The research further showed that regarding robots’ impact on employment, the strongest sectoral picture emerged for the adoption of non-humanoid robots, adding that while 60 per cent of companies operating in information and technology services foresaw job creation in the next five years, 60 per cent of companies operating in the production of consumer goods and the oil and gas industry foresaw job displacement.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PENGASSAN, CISLAC kick against N800m World Bank facility | The Guardian Nigeria News - Nigeria and World NewsThe Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged President Muhammadu Buhari to halt disbursement of the $800 million loan facility secured from the World Bank.
Read more »
Re: The Buhari Years: An era of gross economic fiascoI write in response to The PUNCH editorial of April 28, 2023, with the title “The Buhari Years: An era of gross economic fiasco.” To my mind, The PUNCH does the country, as it has been known to do undauntedly despite governmental hostility, a great service.
Read more »
Economic hardship: Nigerians won’t die, will adjust to survive - NgigeThe Minister of Labour and Employment, Chris Ngige said Nigerians will not die but will adjust to the economic hardships in the country.
Read more »
El-Rufai, Soludo, others to discuss economic growthThe governors of Kaduna and Anambra states, Nasir El-Rufai and Prof. Charles Soludo, will be among the panellists who will discuss new pathways for creating a robust and resilient economic future for Nigeria at an event scheduled to hold on Tuesday.
Read more »
Aig-Imoukhuede, El-Rufai, Soludo to speak at Agora, Carnegie event on repositioning Nigeria’s EconomyThe event is holding against the backdrop of Nigeria’s historic economic underperformance and current economic challenges.
Read more »
Plane carrying stranded Venezuelan migrants departs Chile | The Guardian Nigeria News - Nigeria and World NewsA plane carrying more than a hundred Venezuelan migrants left Chile on Sunday, in a repatriation flight for people who have been stranded for weeks at the northern border with Peru.
Read more »