- CEOs worry about AI replacing them; training staff becomes vital
- Businesses retrain staff as AI threatens jobs; executives fear replacement
- AI’s impact on jobs prompts CEOs to upskill teams
Even your supervisor is concerned that AI may replace them.
Hundreds of chief executive officers are concerned that one day technology will replace them.
Numerous individuals acknowledge that they have already begun to covertly utilise tools like ChatGPT to assist them with their daily duties while passing off the work as their own.
Just weeks prior, a prominent think tank warned that artificial intelligence could eliminate over eight million jobs in the United Kingdom.
As a consequence, company executives are expeditiously enrolling “novice” employees in AI boot camps, according to a report by AND Digital.
Three-quarters of the 600 business executives surveyed were retraining their employees rather than replacing them to help them adapt to the technology.
Within the next century, there is a fifty/50/50 possibility that machines will replace all human labour, according to AI experts.
Although it is anticipated that the ‘jobs catastrophe’ will initially automate administrative and entry-level positions, as AI becomes more sophisticated, it will progressively impact higher-paid positions as well.
43% of surveyed managers acknowledged that they, too, were concerned that AI could eliminate their jobs.
45% of respondents indicated that they had previously covertly utilised AI tools for a variety of duties and presented the work as their own.
Despite one-third prohibiting employees from using chatbots in their organisations, this is the case.
44% of global CEOs, according to a report by AND Digital, whose independent survey was conducted by Censuswide, did not believe their teams were prepared to manage AI.
The technology company’s chief for people and technology, Stephen Paterson, stated, “CEOs cannot afford to be complacent regarding AI.”
“They also cannot allow a culture of fear and mistrust regarding new technologies to gain a foothold; therefore, reskilling individuals and teams to the highest possible standards across all departments should be an absolute top priority.”
“In order to maximise value and mitigate risks, business leaders must establish a well-designed framework around AI that provides individuals with the direction and resources necessary to innovate in a secure manner.”
“If they fail to do so, they will lag behind their competitors and peers who possess the necessary AI expertise to spearhead the next wave of technological innovation.”
Additional business executives have emphasised the importance of enhancing the competencies of their personnel in light of the ongoing disruption caused by artificial intelligence in conventional work models.
Director of IT consultancy Adesso UK Libero Raspa stated, “Forecast-thinking organisations will establish the foundation immediately to ensure that their personnel are completely prepared to adopt and implement it in an ethical and accountable manner to ensure the greatest possible benefit for customers.
Regarding the impact that AI will have on the global labour market, experts are divided; however, there is a universal consensus that it will, and is already, causing a profound disturbance.
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BT announced last year its intention to eliminate tens of thousands of positions by 2030, of which approximately 10,000 will be replaced by technology.
In January, a survey of more than 2,700 AI researchers indicated that by 2116, AI might be “better and cheaper” than humans in every profession.
The date forecast is approximately 50 years earlier than its corresponding prognosis from the previous year, underscoring the rapid pace of its improvement.
According to a report published by the Institute for Public Policy Research (IPPR) last month, the initial impact is expected to be felt by younger, lower-paid, and female employees.
It was discovered, however, that this would progressively affect higher-earners, with 7.9 million employment at risk in the “worst case scenario” if the government does not take action.
