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Machines will rule workplace by 2025
Why is it in news?
- More than 54% of India’s employees in 12 sectors need reskilling by 2022, says WEF -In less than seven years, by 2025, machines are projected to overtake humans in workplace task hours in 12 key industry sectors, according to a ‘Future of Jobs’ report by the World Economic Forum (WEF).
More in news
- Globally, almost half of all companies expect automation to cut their full-time workforce in the next four years; however, new jobs will still lead to a net gain in employment opportunities if sufficient reskilling is done.
- In India, 54% of employees in these sectors will need reskilling by 2022.
- In 2018, humans performed an average of 71% of total task hours across the 12 industries spanning manufacturing, services and high tech.
- By 2025, that will drop to just 48%, according to the WEF. Machines will perform the remaining 52%.
- The companies surveyed represent more than 15 million workers in 20 developed and emerging countries.
- WEF identified the reskilling and upskilling of employees as an urgent imperative.
- Broadly, in line with global trends, 54% of Indian workers in these industries would need reskilling by 2022.
- Of this, while 35% would need at least six months worth of reskilling, 10% would need more than a year of training in order to meet the demands of the new economy.
Source
The Hindu