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Tuesday, 10 September 2019

120 Million Workers Need To Be Reskilled Due To A.I., Says IBM Study

[David Icke]: Over the next three years, 120 million workers in the world’s 12 biggest economies may need to be retrained as a result of widespread adoption of artificial intelligence (AI) and automation in the workplace, according to a new IBM Institute for Business Value (IBV) study.

Only 41% of CEOs surveyed have the resources in place to close the skills gap brought on by new emerging technologies. That means 59% of the CEOs surveyed have no skills development strategies in place for their employees in the early 2020s.

Organizations are facing mounting concerns over the widening skills gap and tightened labor markets with the potential to impact their futures as well as worldwide economies,” said Amy Wright, Managing Partner, IBM Talent & Transformation, IBM.

“Yet while executives recognize the severity of the problem, half of those surveyed admit that they do not have any skills development strategies in place to address their largest gaps. And the tactics the study found were most likely to close the skills gap the fastest are the tactics companies are using the least. New strategies are emerging to help companies reskill their people and build the culture of continuous learning required to succeed in the era of AI
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