Economics
Machines to Handle Half of Work Tasks by 2025, Davos Group Says
- World Economic Forum predicts tech will create many more jobs
- Forecasts based on surveys of executives across 20 countries
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Machines and automated software will be handling fully half of all workplace tasks within seven years, a new report from the World Economic Forum forecasts. But the group said technologies such as artificial intelligence, robotics, and precision medicine, could create more jobs than they threaten.
In a study of executives and specialists across 12 industries, published Monday, the WEF concluded that this so-called "Fourth Industrial Revolution" could create 133 million jobs globally, while 75 million workers may be displaced.