Technology adoption drives organisational transformation 

Artificial intelligence (AI) could cause around 14 million jobs, or 2% of the current jobs available globally today, to be lost by 2027.

The positions that are most liable to disappear include admin and record-keeping positions such as data entry and bookkeeping, which are likely to be delegated to automation and AI, according to the new Future of Jobs Report 2023 by the World Economic Forum (WEF).

A survey of 800 organisations conducted as part of the report saw more than 85% of respondents cite the adoption of new technology as the biggest driver of transformation within their organisations, with more than 75% looking to include adopt big data, cloud computing, and AI in their company processes within the next five years.

While AI will continue to threaten certain job positions, employees can keep themselves relevant by acquiring certain key skills.

READ: Can AI boost employee productivity in the workplace?

Other significant findings from the WEF report include organisations looking to prioritise cognitive skills amongst their employees, with analytic and creative thinking taking the lead in skills most prized,and indicates their growing value in a workplace that is driven heavily by technology.

Analytical thinking, for example, is poised to account for 10% of training initiatives by companies in the next five years. Furthermore, these skills are becoming more in demand in industries such as electronics, chemical, and advanced materials industries, as well as in nongovernmental and membership organisations.