Concerns are rising across various sectors about the potential displacement of jobs due to the increasing adoption of artificial intelligence (AI), with experts advising organisations and individuals to prepare for the inevitable impact. A recent blog post by Kristalina Georgieva, chief of the International Monetary Fund (IMF), suggested that AI would affect nearly 40% of global jobs, replacing some and complementing others.
The IMF’s analysis reveals that unlike automation and information technology, which have historically impacted routine tasks, AI holds the potential to affect high-skilled jobs. This implies that advanced economies are at a greater risk, but also have more opportunities to leverage the benefits of AI compared to developing economies. However, the technology is expected to exacerbate inequality, necessitating the establishment of…
