AI will not replace people – but people who use AI will replace people who do not | IBM’s Report
The AI revolution has reached a turning point, with executives estimating that 40% of their workforce will need to reskill due to AI and automation. Organizations focused on evolving their operating models are outperforming others in terms of revenue growth. AI and automation are predicted to disrupt 85 million jobs globally, while creating 97 million new job roles. The IBM’s report emphasizes the need for executives to rethink job roles and skill sets, and outlines a roadmap for success in the era of the augmented workforce.
According to IBM’s report, executives estimate that around 40% of their workforce will need to reskill due to implementing AI and automation over the next three years. This indicates a significant transformation in the workforce due to the impact of AI technologies. However, organizations focused on evolving their operating models are already outperforming others in revenue growth, demonstrating the importance of strategically structuring work in the face of AI advancements.
The article highlights that employees are motivated by meaningful work, prioritizing impactful work over autonomy, equity, flexible work arrangements, and growth opportunities. This suggests that organizations need to ensure that the work they provide to employees is purposeful and makes a positive impact.According to IBM, AI will not completely replace humans, but those who use AI will replace those who do not. The report highlights that AI advancements can disrupt traditional business models and transform employees’ work. As a result, some leaders are reorganizing their structures and prioritizing new skills, while others are hiring next-generation talent to bridge the skills gap caused by AI and automation.
The World Economic Forum predicts that AI and automation will disrupt 85 million jobs globally by 2025, creating 97 million new roles. This shift leads to an augmented workforce where humans and machines work together. However, it is also widening the skills gap, with 44% of workers needing reskilling by 2028.
Generative AI is predicted to cause significant disruptions to employee roles and skills. However, only a fraction of CEOs have assessed its potential impact. The effects of AI are expected to intensify across all levels, including managerial and executive ranks. Leaders must reassess jobs, skill sets, and work processes in response to AI advancements. Successful organizations have integrated new technologies into their operating models to outperform competitors.
Based on extensive research and studies conducted with C-suite leaders and workers, the Report provides a roadmap for executives to navigate the age of the augmented workforce. It outlines three key priorities:
- transforming traditional processes, job roles, and organizational structures;
- building human-machine partnerships to enhance value creation and employee engagement; and
- investing in technology that enables employees to focus on higher-value tasks and drives revenue growth.