Artificial Intelligence is the fastest growing job in the next 5 years.
According to a published report, it is estimated that 69 million job opportunities will be added, while another 83 million will cease to exist.
Disruption best describes what is happening in the job sector internationally, especially in the aftermath of the pandemic. The digital revolution, efforts to reduce carbon emissions in the face of an impending climate crisis, and other geopolitical and social changes are constantly reshaping the global labor market. As per reports, 1.4 crore jobs are at risk in the next five years due to several economic factors. Additionally, recent information from the World Economic Forum’s Future of Jobs Report 2023 has provided a preview of what both employers and employees can expect five years from now.
As per the published report, it is estimated that 69 million job opportunities will be added, while another 83 million will cease to exist, for a total reduction of 14 million jobs. The top 10 jobs with the fastest growth and decline between 2023 and 2027 are also highlighted in the report.
Here is the list of 10 fastest growing jobs in next 5 years
al and machine learning experts
stability specialist
business intelligence analysts
information security analyst
Fintech Engineers
Data Analyst and Scientist
robotics engineer
Electrotechnology Engineers
farm equipment operator
digital transformation specialist
Here is a list of 10 jobs that are going to shrink fast in the next five years
Bank Teller & Related Clerk
postal service clerk
Cashier & Ticket Clerk
data entry clerk
Administrative and Executive Secretary
material-recording and stock-keeping clerk
Accounting, Bookkeeping and Payroll Clerk
legislators and officials
Statistical, Finance and Insurance Clerk
Door-to-door sales workers, news and street vendors, and related workers
Employment opportunities are likely to increase if the world moves towards renewable energy systems. Over the next five years, more than three-quarters of the 803 firms polled for the report are expected to adopt cloud computing, Big Data and AI innovations. There is also potential for growth in green jobs across various industries and job sectors.
According to International Energy Agency data included in the WEF report, a green recovery scenario could result in an annual net employment increase of 9 million new jobs and increase global GDP by about 3.5%. The WEF report also states that currently 34 per cent of work is done through machines. But, the deployment of Artificial Intelligence will have both its advantages and disadvantages.
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