What role does AI play in the world of work?
Posted: Sat Feb 01, 2025 6:16 am
The McKinsey Global Survey shows a truly explosive growth of generative AI: a third of the companies surveyed were already using it in at least one business function one year after its debut. Interestingly, almost a quarter of the C-suite executives surveyed use these tools personally. In more than a quarter of the companies that use AI, artificial intelligence is even on the board agenda.
Given the advances in AI, 40% of organizations plan to increase their investments in AI . Less than half of companies are addressing one of the main challenges in this area: reducing inaccuracies.
Although AI adoption has remained constant since 2022, 79% of respondents have already had initial experience with artificial intelligence , with 22% now using it regularly in their work.
According to McKinsey, the most important application areas are marketing, service development and sales. Finally, three-quarters of respondents believe that generative AI will have a disruptive impact on their industry in the next three years, especially in knowledge-intensive industries such as technology and education.
How does AI affect the world of work?
The future impact of AI on the labor market is being intensively researched and discussed. The results so far have been inconsistent and partly controversial. The exact extent and direction of the impact tunisia phone number data of AI on employment are still unclear. However, the area of language models or Large Language Models (LLM), such as those used by ChatGPT, in particular shows potential. Noy and Zhang , for example, have found that the use of ChatGPT increases the quality and efficiency of work and can improve the skills of employees.
The recent study by Eloundou, Manning, Mishkin, and Rock suggests that LLM-based software could be used in 47% to 56% of job tasks , with LLMs potentially covering 10% of the tasks of 80% of the U.S. workforce and 50% of the tasks of 19% of the workforce. Interestingly, this is primarily affecting higher-income, higher-skilled occupations, with areas such as programming, writing, law, and education undergoing major changes.
A forecast by Briggs and Kondnani , also from 2023, estimates that up to 300 million full-time jobs in the US and Europe could be at risk. However, this requires AI to be fully deployed.
However, experience also shows that technological innovations in the past have often led to job relocation rather than job loss.
Given the advances in AI, 40% of organizations plan to increase their investments in AI . Less than half of companies are addressing one of the main challenges in this area: reducing inaccuracies.
Although AI adoption has remained constant since 2022, 79% of respondents have already had initial experience with artificial intelligence , with 22% now using it regularly in their work.
According to McKinsey, the most important application areas are marketing, service development and sales. Finally, three-quarters of respondents believe that generative AI will have a disruptive impact on their industry in the next three years, especially in knowledge-intensive industries such as technology and education.
How does AI affect the world of work?
The future impact of AI on the labor market is being intensively researched and discussed. The results so far have been inconsistent and partly controversial. The exact extent and direction of the impact tunisia phone number data of AI on employment are still unclear. However, the area of language models or Large Language Models (LLM), such as those used by ChatGPT, in particular shows potential. Noy and Zhang , for example, have found that the use of ChatGPT increases the quality and efficiency of work and can improve the skills of employees.
The recent study by Eloundou, Manning, Mishkin, and Rock suggests that LLM-based software could be used in 47% to 56% of job tasks , with LLMs potentially covering 10% of the tasks of 80% of the U.S. workforce and 50% of the tasks of 19% of the workforce. Interestingly, this is primarily affecting higher-income, higher-skilled occupations, with areas such as programming, writing, law, and education undergoing major changes.
A forecast by Briggs and Kondnani , also from 2023, estimates that up to 300 million full-time jobs in the US and Europe could be at risk. However, this requires AI to be fully deployed.
However, experience also shows that technological innovations in the past have often led to job relocation rather than job loss.