Published: Thu, September 20, 2018
Electronics | By Kelly Massey

Machines to Handle More Than Half Workplace Tasks by 2025

Machines to Handle More Than Half Workplace Tasks by 2025

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. The risk of slavery tainting supply chains will spiral as workers who lose their jobs due to increased robot manufacturing will be more vulnerable to workplace abuses as they jostle for fewer jobs at lower wages, said Alexandra Channer of Maplecroft. By 2022, this average is expected to shift to 58 per cent task hours performed by humans, 42 per cent by machines.

However, the Future of Jobs 2018 report also warned that investment will be needed from businesses and governments to train people with new skills before it is too late. Many firms may choose to hire temporary workers, freelancers and specialist contractors for tasks not automated by new technology. "Our projection, based on a survey of executives representing 15 million employees in 20 economies, suggests globally 133 million jobs could be created by technologies of the Fourth Industrial Revolution compared while 75 million could be displaced", WEF said.

Mike Guggemos, CIO at IT firm Insight, offered his thoughts on the real impact of AI on the employment market and the type of jobs the technology will likely create: "Fears of mass job displacement by Artificial Intelligence are misplaced - the technology has intelligence, but not wisdom, and that limits what it can accomplish by itself".

However, many roles will become "increasingly redundant" including repetitive and manual roles in administrative, factory and financial work, the WEF says.

Russian Federation spat over North Korea sanctions at United Nations security council
President Donald Trump and North Korean leader Kim Jong Un met in June and Kim pledged to work toward denuclearization. Ambassador Nikki Haley addresses the United Nations Security Council, Monday, Sept. 17, 2018, at U.N. headquarters.

By the year 2025, robots will do half our work-but they won't won't take our jobs, say experts.

The Swiss organisation said advances in technology would give workers more time for new tasks.

"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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