The Future of Jobs Report 2023
www.weforum.org
Companies rank AI and big data 12 places higher in their skills strategies than in their evaluation of core skills, and report that they will invest an estimated 9% of their reskilling efforts in it – a greater proportion than the more highly-ranked creative thinking, indicating that though AI and b
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Summary
The Future of Jobs Report 2023 highlights that technology adoption, ESG standards, rising cost of living, and slow economic growth will drive business transformation in the next five years. Big data, cloud computing, and AI are likely to be adopted by over 75% of companies. The impact of most technologies on jobs is expected to be a net positive. Analytical and creative thinking remain the most important skills for workers, with 44% of workers' skills expected to be disrupted in the next five years. Six in 10 workers will require training, with analytical thinking being the highest priority. Companies will prioritize women, youth, and those with disabilities in their DEI programs.
Top Highlights
- Companies rank AI and big data 12 places higher in their skills strategies than in their evaluation of core skills, and report that they will invest an estimated 9% of their reskilling efforts in it – a greater proportion than the more highly-ranked creative thinking, indicating that though AI and big data is part of fewer strategies, it tends to b...
- Economic, health and geopolitical trends have created divergent outcomes for labour markets globally in 2023. While tight labour markets are prevalent in high-income countries, low- and lower-middle-income countries continue to see higher unemployment than before the COVID-19 pandemic. On an individual level, labour-market outcomes are also divergi...
- Technology adoption will remain a key driver of business transformation in the next five years. Over 85% of organizations surveyed identify increased adoption of new and frontier technologies and broadening digital access as the trends most likely to drive transformation in their organization. Broader application of Environmental, Social and Govern...
- The largest job creation and destruction effects come from environmental, technology and economic trends. Among the macrotrends listed, businesses predict the strongest net job-creation effect to be driven by investments that facilitate the green transition of businesses, the broader application of ESG standards and supply chains becoming more loca...
- Within technology adoption, big data, cloud computing and AI feature highly on likelihood of adoption. More than 75% of companies are looking to adopt these technologies in the next five years.
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