Machines will do more tasks than humans by 2025 - WEF

Machines will do more work than humans by 2025, says the WEF

Machines will do more work than humans by 2025, says the WEF

The World Economic Forum has issued a report stating that over the next decade AI could create nearly double the number of jobs that it will destroy.

More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released yesterday that highlights the speed with which the labor market will change in coming years. However, in terms of overall numbers of new jobs, the outlook is positive.

The sharp increase could also see a net gain in "new roles" for humans, who will have to revamp skills to keep pace with the "seismic shift" in how we work with machines and computer programmes, the forum estimated. "One set of estimates indicates that 75 million jobs may be displaced by a shift in the division of labour between humans and machines, while 133 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms", the authors of the report wrote, even while warning that if managed poorly, these transformations posed the risk of widening skill gaps, heightening inequality and raising polarisation.

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"Businesses are set to expand their use of contractors doing task-specialised work, engage workers in more flexible arrangements, utilise remote staffing, and modify the locations where their organisation operates to ensure access to talent", the research, titled "The Future of Jobs 2018" said. Humans will account for the remaining 58% of the work, down from the current task hours of 71%, wrote the WEF. For example, automating a business process like parsing a legal contract requires somebody to set up and coach the technology until it can do its tasks on its own. The end result will give employees more time to do what makes them uniquely human - complex problem solving, critical thinking, and creativity'.

"People, whether they're workers or consumers, will only accept and tolerate the consequences if technology serves them - and not they it", Reiner Hoffmann told daily Welt in reaction to the WEF report.

"By taking a more holistic approach to the future of work, a man-machine partnership will open up a new realm of possibilities for organisations".

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