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Showing posts with the label #AI #ArtificialIntelligence #Jobs #Career #ASEAN

Artificial Intelligence could mean 28 million jobs lost.. Is it?

Innovations in Artificial Intelligence (AI) technology, coupled with its increased adoption, will have a big impact on the workforce across the Association of Southeast Asian Nations (ASEAN) over the next decade, according to a new study by Cisco and Oxford Economics. Titled ‘Technology and the Future of ASEAN Jobs’, the study claims innovations in digital technology will present big opportunities for ASEAN economies to boost their productivity and prosperity. A more widespread adoption of existing technologies, coupled with advances in the use of AI through software, hardware and robotics, will cut costs of goods and services, driving demand and creating millions of new jobs. The study predicts that the sectors that will see the greatest rise in demand for new workers are wholesale and retail (1.8 million new jobs), manufacturing (0.9 million), construction (0.9 million) and transport (0.7 million). However, there will be a marked shift in the region’s labour market as lower...