Business Vision Winter 2019 - 2020

Page 76

.W O R L D

Middle-tier workers “at-risk” as automation takes hold of UK imagination and habits UP TO 30 percent of UK jobs — 10.5 million of them — are considered “highly automatable”, and globally, some 75 million jobs are likely to be displaced by AI. Data show that employment growth has been greatest at the extreme ends of the spectrum: the top and bottom 20 percent. In-between there has been a hallowing-out of jobs. The middle-tier workforce is falling victim to the “automation paradox”. These findings come from a report published by recruitment firm Robert Walters and market intelligence company Vacancy Soft. “As businesses become ever more reliant on AI, there is an increasing amount of pressure on the processes of data capture and

76

Data-related roles are up by 80 percent integration,” said Robert Walters principal Ollie Sexton. “Next generation” roles were being created as others disappeared, he said — with data-related roles up 80 percent since 2015. Sexton pointed to the emergence of data scientist as a mainstream profession, where vacancies are up 110 percent year-on-year. “The same trend

can be seen with data engineers, averaging 86 percent year-on-year job growth,” he said. Industries most disrupted by AI are: Retail: AI is being used to drive consumers back to the “bricks-and-mortar 2.0” with selfcheckout and pattern monitoring, data to enhance the in-store experience, and linking online and offline channels. Business support: AI has been implemented at every level, from spam filters and smart emails to smart personal assistants such as Siri, Cortana, and Google Now. It also dominates customer support and business forecasting. Healthcare: Google’s DeepMind is being taught to read retinal scans, while healthcare

• •


Turn static files into dynamic content formats.

Create a flipbook

Articles inside

Review: Ethical Business

3min
page 89

Goodr as it gets

3min
pages 100-101

World Bank forecast

11min
pages 102-112

Award highlights

20min
pages 90-99

Sustainability in focus

2min
pages 86-87

EIB fights for climate

1min
page 88

Open banking explained

5min
pages 82-84

Planting the seed

1min
page 85

Rewards of e-commerce

2min
pages 80-81

Automation hits middle-tier

2min
pages 76-77

EEX buys the future

1min
page 79

Write the right post

2min
page 78

Sunny side of 2019

4min
pages 74-75

Future disruptions

2min
pages 72-73

Reinsurance challenges

12min
pages 54-59

Export aid for UK?

3min
pages 69-70

Pupils and payment

2min
page 71

Art in the workplace

4min
pages 64-65

Something from nothing?

5min
pages 66-68

OECD climate warning

4min
pages 60-63

Lisbon: Green Capital

3min
pages 50-51

What is reneging?

2min
page 52

SMEs missing out

1min
page 49

Protection for execs

8min
pages 46-48

The working week examined

7min
pages 42-44

Pensions: will they last?

2min
page 45

C-suite and digitalisation

1min
page 37

Data and democracy

5min
pages 38-41

Private equity: is it for you?

4min
pages 32-33

Heart of the Matter

3min
page 16

Bushfire insurance claims

7min
pages 26-30

Are you in the club?

5min
pages 18-21

Bezos backs e-commerce

1min
page 31

Banks facing tough times

7min
pages 22-25

Infrastructure finance

6min
pages 34-36

How's your cyber hygiene?

1min
page 17
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.