AI, robotics and smart technologies will make millions of traditional jobs obsolete, while creating opportunities…
The World Economic Forum has predicted that 14 million jobs will disappear worldwide over the next five years. According to a survey of over 800 companies, millions of jobs could be lost due to artificial intelligence, automation and robotics. Smart technologies will make many jobs obsolete, the report says, while opening up exciting opportunities in other sectors. Here are the 10 fastest growing occupations and 10 fastest declining occupations for the next five years, according to the forum’s Future of Jobs 2023 report.
10th: Digital Transformation Specialists Workers who can help companies succeed in their digital transformation will be increasingly sought after.
9th: Farm Machine Operators Producing and harvesting food will still require workers to control large machines, at least for the next five years.
8th: Electrical Engineers Skilled electrical engineers who design, create, and maintain everything from gadgets to massive infrastructure will remain in high demand.
7th: Robotic Engineers Robots and advanced robotics will replace many jobs once done by humans. The designers and builders of these machines will be highly sought after by companies wishing to reduce labor costs and increase efficiency.
6th: Data Analysts Mining and understanding big data is becoming a very lucrative business as the world goes digital and connects to the internet.
5e: Fintech engineers The continued shift of finance to digital platforms requires fintech engineers.
4th: Information Security Analysts Securing the immense amounts of personal and private data held by businesses and governments has never been more important. Cybersecurity is a public and private imperative.
3rd: Business Intelligence Analysts Analysts who can leverage data and monetize the opportunities offered by business digitization will be in high demand.
2nd: Sustainability Specialists Jobs for sustainability specialists and environmental protection professionals are expected to increase by 33% and 34% respectively, or approximately 1 million additional jobs.
1st: AI and machine learning specialists Demand for AI and machine learning specialists is expected to increase by 40%, or 1 million jobs, due to the growing use of technology. AI and Machine Learning in Transforming Industries.
10th: Door-to-door vendors, street vendors and similar workers Formerly essential newsstands are set to decline even more rapidly over the next five years. When was the last time you saw a door-to-door salesman knocking on your door?
9e: Statistics, finance and insurance workers AI, algorithms and automated systems are already supporting data-driven decisions once handled by humans. This transition should continue and accelerate.
8e: Bureaucrats and civil servants Administrators and bureaucrats working in the halls of government will not be spared from job losses, as automation and systems reduce dependence on humans and seek to make processes more efficient.
7e: Accountants, Bookkeeping and Payroll Workers Traditionally data-driven and data entry jobs are under real threat from the new frontier of automated workplaces.
6th: Inventory Management Employees Computers, algorithms and robots have proven to be ultra-efficient in warehouses, taking inventory, moving products and placing new orders in ways that humans cannot.
5th: Administrative and Executive Secretaries Advanced and highly intelligent software has spelled the death knell for many office jobs once considered essential to running a business.
4e: Data Entry Clerks The biggest losses over the next five years are expected to be in administrative jobs, such as data entry clerks.
3rd: Cashiers and counter employees Cashiers, already on the verge of extinction due to automation, are threatened with extinction.
2nd: Postal Service Employees The postal system has been greatly disrupted by technology and changes in human behavior, so it is not surprising to see this sector heavily impacted.
1st: Bank tellers It is becoming more and more difficult to find a local bank branch. Banks moved their operations online and reduced the number of frontline workers in their overhead.
