Tuesday, February 27, 2024
HomeArtificial Intelligence (AI)IBM Study Reveals: 40% of Workers Must Reskill in Next 3 Years...

IBM Study Reveals: 40% of Workers Must Reskill in Next 3 Years Due to AI

Generative AI models, like ChatGPT, have demonstrated their proficiency in technical tasks such as writing and coding, leading many to worry about job replacement. However, a recent IBM study suggests that people should embrace this technology and leverage it for their own benefit. The report examines how AI is impacting business models and job roles within companies. By analyzing data from surveys of C-level executives and workers, IBM found that while AI will bring about changes, it is not necessarily detrimental.

According to the survey, executives estimated that 40% of their workforce will need to reskill within the next three years due to AI implementation. This amounts to a staggering 1.4 billion out of the 3.4 billion people in the global workforce, as per World Bank statistics. However, 87% of the surveyed executives believe that generative AI will enhance job roles rather than replace them. IBM IBV research reveals that tech adopters who successfully reskill to adapt to technology-driven job changes experience an average revenue growth rate premium of 15%. Additionally, those who focus on AI see a 36% higher revenue growth rate compared to their peers. The report states, “AI won’t replace people—but people who use AI will replace people who don’t.”

The emergence of tools like ChatGPT has shifted the skill paradigm. Previously, technical skills, particularly in STEM, were considered the most critical. However, the report highlights that these skills have now become the least prioritized by 2023. With AI-enabled tools, workers can accomplish more with less knowledge. As a result, there is now a greater emphasis on people skills such as team management, effective communication, and adaptability to change. These skills have risen to the top as the most critical requirements for the workforce in 2023.

In conclusion, the IBM study shows that AI will undoubtedly bring about changes in the workforce and businesses. However, it is not a cause for fear but an opportunity for growth. By embracing AI and reskilling to adapt to technology-driven job changes, companies can experience higher revenue growth rates. The shift in skill priorities towards people skills reflects the evolving demands of the workforce in the AI era. AI is not here to replace people but to augment their roles. Those who leverage AI will be the ones to thrive in this new landscape.

Thomas Lyons
Thomas Lyons
Thomas Lyons is a well renowned journalist and seasoned reviewer, boasting an illustrious career spanning two decades in the global publishing realm. His expertise is widely sought after, making him a respected figure in the publishing industry. As the visionary founder of Top Rated, he has set a benchmark for authenticity and credibility in information dissemination. Driven by a profound passion for Artificial Intelligence, Thomas's keen insight pierces through the noise of the AI sector. He is dedicated to helping his readers find the most accurate, unbiased, and trusted news and reviews. As your guide in the evolving world of AI, Thomas ensures you're always informed and ahead of the curve.
RELATED ARTICLES

Most Popular