The study also reveals a shift in the skills prioritized in the workforce. Technical skills like proficiency in STEM, which were highly valued in 2016, are expected to be less prioritized by 2023. Instead, there will be a greater emphasis on people skills such as team management, effective communication, and adaptability to change.
Key takeaways:
- Generative AI models like ChatGPT are feared to replace jobs, but a new IBM study suggests that people should leverage the technology for their own gain.
- IBM's report shows that AI will cause change in the workforce and businesses, but not necessarily for the worse. It is estimated that 40% of the workforce will have to reskill due to AI implementation.
- 87% of executives expect generative AI to augment roles rather than replace them. Successful tech adopters who reskill report a revenue growth rate premium of 15% on average.
- The new skill paradigm shifts from technical skills to people skills such as team management, effective communication, and adaptability to change.