Generative AI models like ChatGPT can do many technical tasks, like writing and coding, well – so well that many people fear that technology will take over their jobs. A new study by IBM shows that people should not be afraid of technology, but use it for their own profit.
IBM’s report analyzes how the emergence of AI affects companies’ business models, particularly how they use AI to perform their operations and how it affects job roles.
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To find the answers to these questions, IBM pulled data from two previous studies, a survey of 3,000 C-level executives in 28 countries and one of 21,000 workers in 22 countries. The results show that AI will undoubtedly change the workforce and businesses, but not necessarily for the worse.
The executives surveyed estimated that 40% of their workforce will need to reskill in the next three years due to the implementation of AI, which amounts to a whopping 1.4 billion of the 3.4 billion people in the global workforce. , according to World Bank statistics.
However, 87% of executives expect generative AI to augment roles rather than replace them.
According to IBM IBV research, tech adopters who successfully re-learn to adapt to “technology-driven job changes report a premium income growth rate of 15% on average” and those focusing on AI “saw a 36% higher rate of revenue growth than their peers.”
“AI will not replace people—but people who use AI will replace people who don’t,” IBM said in the report.
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The new skills paradigm shifts technical skills that are often prioritized, such as STEM skills, which were the most critical skills in 2016, to the least priority in 2023. The reason is that now the tools like ChatGPT allow workers to do more with less knowledge. , as the report said.
Today there is a greater emphasis on people skills such as team management, the ability to work effectively in team environments, the ability to communicate effectively, and the willingness to adapt to change. , all of which have shifted to the top most critical skills needed in the workforce by 2023.