New technologies and the worsening climate crisis are changing the landscape of work at an “unprecedented rate”, according to a new report of the World Economic Forum.
By 2027, 69 million jobs will be created globally, but 83 million positions are expected to be lost, creating a net loss of 14 million jobs, according to the WEF.
Their findings are largely based on a survey of 803 companies that employ a total of 11.3 million workers in 45 different economies around the world.
THE rise of generative AI and other smart technologies along with the drive to “go green” will drive up demand for some jobs over the next five years and put others at risk of becoming obsolete.
Here are the 10 jobs companies expect to expand the most over the next five years, according to the WEF report:
- AI and machine learning specialists
- Sustainability specialists
- Business intelligence analysts
- Information Security Analysts
- Fintech engineers
- Data analysts and scientists
- Robotics engineers
- Electrical engineers
- Farm Equipment Operators
- Digital transformation specialists
Demand for AI and machine learning specialists is expected to grow by 40%, creating an estimated one million jobs in the global economy over the next five years, as more companies leverage technology. AI to automate processes and better predict customer demand, among other uses.
At the same time, global efforts to reduce carbon emissions, including stricter environmental regulations and the localization of supply chains, are creating “a multitude of green jobs” in all sectors, such as specialists in sustainability and renewable energy engineers.
It’s no surprise that many of the fastest growing roles are in the technology sector, as more than three-quarters of companies surveyed by the WEF said they plan to adopt data analytics. big data, cloud computing, AI and other emerging technologies in their organizations over the next five years.
Coca-Cola, for example, is using AI to improve customer service and ordering and is experimenting with ChatGPT to “enhance marketing capabilities and business operations,” according to its latest. revenue report.
Along with technology, manufacturing and retail, other sectors could experience significant job growth from new technologies, including education, agriculture and health, said Saadia Zahidi, chief executive of the WEF, to CNBC’s Steve Sedgwick and Geoff Cutmore at the WEF Growth Summit in Geneva. Swiss.
“Partly that’s not happening because these are dangerous, low-paying, low-skilled jobs in the world,” she explained. “These are higher-skilled, higher-value jobs made possible by technology in agriculture, health [and] education.”
The WEF report echoes earlier discoveries from the Bureau of Labor Statistics, which also identified data and renewable energy jobs as some of the fastest growing occupations in the United States over the next decade.
Information security analysts and data scientists were on both lists, as two of the fastest growing professions by 2027 and the most in-demand roles over the next decade.
Both jobs, which typically require a bachelor’s degree, come with six-figure salaries: the median salary of information security analysts in the United States is $112,000, while the median salary for data scientists is $103,500, according to the BLS.
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