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What Effect Will Automation Have on Your Job?

What Effect Will Automation Have on Your Job?

May 30, 2023
A new survey shows 40% of the current workday could be automated.

While automation is always a concern when it comes to replacing jobs, the worry has been mitigated as automation has been filling in for jobs that not many people want given the current worker shortage.

Now, however, it seems that automation might be affecting all types of jobs, including those that humans like. A new global study of more than 1,000 employees shows artificial intelligence (AI) transformation of the workplace is in full swing, with 40% of the current workday ripe for automation. 

The study, done by Valoir,  found about 20% of manual tasks have already been automated by AI and other technologies over the past two years. While the level varied by geography, industry and job role, nearly every respondent experienced some level of automation. ChatGPT and similar solutions are accelerating automation with more than half of respondents saying they’ve experimented with generative AI.

“The question is not if companies should leverage AI technologies, but how," says Rebecca Wettermann, CEO of Valoir, in a statement. "Every department, from IT to HR to the boardroom to individual employees, will need new strategies to maximize the positive impact of AI on their organization.

How AI is Shaping Our Future

Given the statistic that 40% of the average work day can be automated with AI and other technologies, it could result in a 3-day work week,  notes the study. Some job roles are more adept at being automated with  IT and finance having the most potential for AI automation of the workday, as high as 48%, says the study.  Marketing and HR—two functions that have already automated significant processes—present fewer opportunities for further AI transformation.

Other key findings:

  • Employees believe 48% of their co-workers will be replaced by AI over the next two years.
  • Four out of 10 believe AI developments should be paused until better policies and regulations can be developed to manage the potential risks of AI.
  • Three out of 10 workers are very worried that AI will “take over.”
  • One in four workers are very worried that their job will be replaced by AI in the next year; those most concerned about being replaced were workers in the 26 to 41 age group and those in finance and IT roles.

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