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Future Of Job Report 2023: AI & Machine Learning Trends For The Next 5 Years

A report finding by WEF indicated that between 2023-2027, a massive overhaul within emerging and established companies will be inevitable with the adoption of AI and other related technological tools.

Kaihrii Thomas

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Future Of Job Report 2023: AI & Machine Learning Trends For The Next 5 Years

0 min read

Table of content:

Future Of Jobs Report (WEF): Key Findings
Conclusion

As of the current year 2023, there are massive visible labor-market transformations that are driven by technological advancements the likes of generative artificial intelligence (AI) and its related tools.

Future Of Jobs Report (WEF): Key Findings

As per the WEF’s Future Of Job Report, in the next 5 years (2023-2027), a significant 85% of companies/organizations indicated increased usage and adaptation of emerging technologies which will be the driving force behind the transformation of companies.

This will eventually result in the massive hiring of students with knowledge of AI and machine learning.

Here is the breakup of technologies that will be adopted by companies & organizations in the next 5 years:

Breakup of data adoption in the next 5 years by companies/organization

Image source: WEF Future of Job Report 2023

Also in the next 5 years, companies and organizations will continue prioritizing for skilling and upskilling of their workforce. The impact of most technologies on jobs is expected to be a net positive over the next 5 years which is a piece of good news for students of AI and machine learning specialists.

Skills that will be prioritized in the next 5 years

Image source: WEF Future of Job Report 2023

As per the report, in the next 5 years, companies and organizations will be looking for specific core skills that will play a key and stable role in the productivity of the workforce. Here is the breakup of the top core skills that companies and organizations will look to incorporate into their system more aggressively:

Top core skills to be adopted in the next 5 years

Image source: WEF Future of Job Report 2023

Conclusion

As per the Future of Job Report 2023, in the next 5 years, students with technological knowledge in areas of AI and machine learning stand to benefit the most as companies and organizations will be looking to hire them. Also core skills such as analytical, cognitive, creative, etc. will become more prioritized so as to give maximum productivity to the companies and organizations.