Workforce AI Reskilling
According to a recent report from IBM, approximately 40% of the global workforce will require ‘reskilling’ within the next three years due to the transformative influence of AI on business operations.
- The study involved surveying 3,000 executives and 21,000 employees to gauge the evolving impact of AI in the professional sphere.
- A remarkable 87% of executives indicated that they perceive AI as a means to enhance roles rather than replace them. For those who embraced AI, their revenues received a substantial 15% boost.
The significance of interpersonal skills grew as AI became more prevalent, as it enabled employees to achieve greater technical proficiency with reduced training requirements.
The report modestly asserted that “AI won’t supplant individuals, but individuals who utilize AI will take the place of those who do not.”
Importance: This report underscores the impending substantial transformation in workplaces. It serves as a reminder that, with appropriate retraining, employees have the potential to evolve into augmented users of technology rather than being rendered obsolete.
The era of the augmented workforce is being introduced by AI—a time in which collaborations between humans and machines enhance productivity and yield exponential business advantages.
The AI revolution has arrived at a crucial turning point. Around 40% of executives predict that their workforce will require reskilling within the next three years due to the integration of AI and automation.
The key to achieving success lies in skillfully organizing work. Organizations that are dedicated to reshaping their operational approach are already surpassing others in terms of revenue growth. Motivation among employees is fueled by meaningful tasks. Employees place a higher value on work that makes a significant impact compared to factors such as autonomy, fairness, flexible work setups, and chances for personal growth.
AI’s role isn’t to replace humans outright, but rather, individuals who incorporate AI into their work will outpace those who don’t. With the advancement of artificial intelligence (AI), business executives are grappling with the repercussions for their organizations.
The rapid progress in AI holds the potential to disrupt conventional business models and reshape the daily tasks performed by employees.
In response, certain business leaders are swiftly reorganizing, emphasizing the cultivation of new skills and specialties while devaluing those that have become outdated. Others are concentrating on recruitment, aiming to acquire next-generation talents to bridge the skill gap.
While these are sensible short-term strategies, they fail to address the larger impending issue: many of the tasks undertaken by individuals today will become unnecessary in the businesses of tomorrow.
AI and automation are introducing a fresh division of labor between humans and machines. The World Economic Forum (WEF) forecasts that this transformation will displace 85 million jobs worldwide between 2020 and 2025, while simultaneously generating 97 million new job roles. This transformative shift marks the onset of a new era termed the “augmented workforce age,” where collaborations between humans and machines heighten productivity and yield exponential business benefits.
However, this evolution is concurrently widening the global skills gap. The WEF predicts that the skills of 44% of workers will be disrupted between 2023 and 2028—an increase of nine percentage points from its previous five-year projection.
The integration of generative AI could potentially exacerbate this situation. A recent survey from the IBM Institute for Business Value (IBM IBV) revealed that 4 out of 5 executives believe that generative AI will alter employee roles and skill requirements. Despite this, only 28% of CEOs in our 2023 CEO Study have evaluated the potential influence of generative AI on their current workforce.