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27% of jobs at risk from AI, finds report
OECD predicts that AI will have the greatest influence on highly skilled employment in industries like medical, law, and finance, which might cause significant disruptions in the job market.
In light of the Artificial Intelligence (AI) revolution, a recent study published by the Organization for economic cooperation and development (OECD) has found that 27 percent of occupations in developed nations depend on skills that may be readily automated based on significant analysis on artificial intelligence (AI) and employment.
The OECD is a Paris-based intergovernmental organisation with 38 Member countries, the majority of which are developed nations including the UK, Japan, Germany, US, Australia, and Canada. India, although not a member, is still a key partner to the OECD.
"When considering all automation technologies, including AI, 27 percent of jobs are in occupations at high risk of automation,” the OECD survey suggests. “While firms’ adoption of AI is still relatively low, rapid progress including with generative AI (e.g. ChatGPT), falling costs and the increasing availability of workers with AI skills suggest that OECD countries may be on the brink of an AI revolution,” the organisation’s 2023 Employment Outlook said.
It also emphasised the significance of carefully monitoring data on AI implementation in the workplace and acquiring more knowledge of how technology is anticipated to alter, create, or eliminate employment.
Different responses from employees to the rise of AI in the employment market were explored in a study that the OECD conducted back in 2022. Within seven of the 38 OECD nations, the study comprised 5,300 workers from 2,000 businesses in the industrial and financial sectors. According to the findings, three out of five workers worry that AI will replace them at their current jobs over the next ten years.
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