Tag: productivity

Navigating the Future: The Impact of Automation on the Global Workforce

Navigating the Future: The Impact of Automation on the Global Workforce

As we stand on the brink of a technological revolution that promises to redefine the global job market, the rise of automation and artificial intelligence (AI) technologies is poised to transform not just industries, but our very roles within them. With the advent of these cutting-edge technologies, certain tasks and roles are becoming obsolete, but in their wake, an array of new opportunities are being forged. The Inevitability of Automation and AI

According to a report by the World Economic Forum, by 2025, machines will perform 52% of all tasks, a significant leap from the current 29%. Concurrently, the […]

How will technology change our lives?

How will technology change our lives?

How will technology change our lives?

Apleetech

· Follow 5 min read·Just now– Introduction: The Impact of Technology on Daily Life How will technology change our lives? In the 21st century, technology has become an integral part of our lives, influencing every aspect of how we live, work, and play. From the smartphones in our pockets to the cloud-based services that drive businesses, technology’s omnipresence is undeniable. This article explores how technology is poised to change our lives in the realms of healthcare, education, work and productivity, communication, and entertainment. Healthcare: Technological Innovations in Healthcare The healthcare industry […]

Artificial intelligence will affect up to 40% of jobs worldwide, IMF warns

Artificial intelligence will affect up to 40% of jobs worldwide, IMF warns

Artificial intelligence will affect up to 40% of jobs worldwide, the International Monetary Fund (IMF) has warned.

This could rise to 60% of roles in advanced economies like the UK – but it is believed that, in half of these cases, AI will benefit the workforce.

In a new report, the IMF warned that AI’s consequences for society remain difficult to foresee, but the technology is likely to exacerbate income and wealth inequality.Developing economies are much less likely to "seize" AI’s advantages, fuelling a digital divide and increasing income disparity between countries.Kristalina Georgieva, the IMF’s managing director, said the world is […]

Artificial intelligence will affect almost 40% of jobs worldwide – IMF

Artificial intelligence will affect almost 40% of jobs worldwide – IMF

Artificial intelligence will affect nearly 40% of jobs worldwide, replacing some and complementing others, reports International monetary fund . “The rapid advance of artificial intelligence has captivated the world, causing both excitement and alarm, and raising important questions about its potential impact on the global economy. The net effect is difficult to foresee, as AI will ripple through economies in complex ways,” the IMF said in a statement. The IMF believes it is necessary to develop policies to ensure the safe use of artificial intelligence capabilities for the benefit of humanity. Assessing the potential impact of AI on the […]

How the Job Market is Affected by Digital Technology

How the Job Market is Affected by Digital Technology

How the Job Market is Affected by Digital Technology

alonzo mercadel

· Follow 2 min read·5 hours ago The insightful examination of the revolutionary effects of digital technologies on society, the economy, and work may be found in “The Second Machine Age : Work, Progress, and Prosperity in a Time of Brilliant Technologies” by Erik Brynjolfsson and Andrew McAfee. The writers, who are both professors at the MIT Sloan School of Management, examine the far-reaching effects of the current technology revolution and how it might change the course of history.The idea that we are about to enter a […]

AI will have impact on 40% of jobs around the world, warns IMF

AI will have impact on 40% of jobs around the world, warns IMF

A futuristic light sign generated by artificial intelligence The International Monetary Fund (IMF) has warned that artificial intelligence (AI) could impact 40% of jobs worldwide.

The IMF suggests the effect will be more significant in advanced economies, with around 60% of roles affected. About half of these workers will benefit from AI integration, which could boost productivity.

However, the rest might face lower wages, reduced hiring and, "in the most extreme cases, some of these jobs may disappear", according to the IMF. In a new report on AI and machine learning, the IMF said the technology could increase inequality between nations […]

Artificial intelligence to impact 40pc global jobs, widen labour income inequality: IMF

Artificial intelligence to impact 40pc global jobs, widen labour income inequality: IMF

Around 40 percent of global employment is exposed to AI (artificial intelligence), the International Monetary Fund (IMF) says, adding that the advanced economies are at greater risk but also better poised to exploit the benefits than emerging market and developing economies.

In advanced economies, about 60 percent of jobs are exposed to AI, due to the prevalence of cognitive-task-oriented jobs, says the IMF in the latest report “Gen-AI: Artificial Intelligence and the Future of Work”.

The world’s top financial institution says AI is set to profoundly change the global economy, with some commentators seeing it as akin to a new industrial […]

AI will impact 60% of jobs in advanced economies like the UK, IMF warns

AI will impact 60% of jobs in advanced economies like the UK, IMF warns

Mon 15 Jan 2024 Shutterstock Artificial intelligence (AI) is predicted to have a major impact on about 60% of the jobs in advanced economies, the International Monetary Fund (IMF) has said.

In a new report, the body warned that the burgeoning technology will “profoundly change” the global economy, likening it to a new industrial revolution.

While AI brings promises of increased productivity in many roles, in will also have negative impacts on around 30% of all jobs in advanced economies as humans are replaced in some cases. But these economies are also poised to take the most advantage from AI, […]

Artificial intelligence will affect 40% of jobs globally, IMF warns

Artificial intelligence will affect 40% of jobs globally, IMF warns

The International Monetary Fund said nations need to be prepared to harness AI but also lessen its impact on inequality. Photo: PA Images Artificial intelligence is set to impact 40 per cent of jobs around the world, the International Monetary Fund (IMF) has warned.

The IMF said the impact will be greater for advanced economies, with around 60 per cent of roles affected.

About half of those workers will benefit from the integration of AI, which could boost productivity, but the remainder could see lower salaries, reduced hiring and, “in the most extreme cases, some of these jobs may disappear”, according […]

IMF chief says AI will affect almost 40 pct of jobs worldwide

IMF chief says AI will affect almost 40 pct of jobs worldwide

WASHINGTON, Jan. 14 (Xinhua) — The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Sunday that artificial intelligence (AI) will affect almost 40 percent of jobs around the world, calling for a careful balance of policies to tap its potential.

“We are on the brink of a technological revolution that could jumpstart productivity, boost global growth and raise incomes around the world. Yet it could also replace jobs and deepen inequality,” Georgieva said in a blog, citing a new IMF analysis, which examined the potential impact of AI on the global labor market.

Historically, automation and information technology […]