Quick Reads

Quick Read: The Rise of New Industries and Job Opportunities

While AI will displace some jobs, it will also create new industries and job opportunities. The development, implementation, and maintenance of AI systems require a workforce with specialized skills.

Emerging Industries

  • AI Development: Software engineering, machine learning, and data science are rapidly growing fields.
  • Cybersecurity: As AI becomes more prevalent, the need for robust cybersecurity measures increases, creating jobs in this critical area.

New Roles

  • AI Ethics: Professionals who ensure AI systems are designed and used ethically, addressing issues of bias and fairness.
  • AI Maintenance: Technicians and engineers who maintain and improve AI systems.

“AI will increasingly replace repetitive jobs, not just for blue-collar work but a lot of white-collar work.”

Kai-Fu Lee

Economic Diversification

  • Startups: AI is fostering a new wave of startups focusing on innovative applications of the technology.
  • Investment: Increased venture capital investment in AI-driven businesses spurs economic activity and job creation.

Studies

  • The World Economic Forum predicts AI could create 133 million new roles globally by 2022, while displacing 75 million jobs.
  • Gartner forecasts that AI will create more jobs than it eliminates by 2025.

This post is part of the “Quick read” series: How AI Will Affect the Economy?

Read in the same series:

READ ALSO  The Crossroads of Code
Show More

The Wiz

Wiz Consults, home of the Internet is led by "the twins", Wajdi & Karim, experienced professionals who are passionate about helping businesses succeed in the digital world. With over 20 years of experience in the industry, they specialize in digital publishing and marketing, and have a proven track record of delivering results for their clients.