Industrialists Career Exhibition marks its third edition since launching in October 2023
jobs3 weeks ago
As AI-driven automation increasingly takes over jobs, certain countries will be hit harder than others, especially those with large populations.
In the Middle East region, the top three nations that will be hit hardest by artificial intelligence (AI) job automation are Iran, Jordan and Egypt. In the Asia region, workers in Bhutan, Pakistan and India will bear the brunt of increased automation of roles, according to data sourced by bizreport from International Labour Organisation and Willrobotstakemyjob website.
This requires these countries to upskill their workforce for new jobs and roles that are changing fast with the arrival of new-age technologies.
The US bank Goldman Sachs has projected that AI would render 300 million workers jobless. While bizreport estimated that 64 per cent of the worldwide workforce is at risk of AI automation.
Companies in the UAE and other Gulf countries are also increasingly deploying AI to automate many roles.
“Solutions that offer end-to-end visibility and automation are the ones most in demand,” says Osama Al-Zoubi, CTO, Cisco Middle East and Africa.
“Today, the network is both the tool for digital transformation and the main means of keeping the lights on across several industries in the Middle East. To align with the region’s evolving needs, and shifting IT priorities - security, agility and business performance have overtaken cost and network management as the key concerns for IT teams,” he said.
Saudi Arabia’s Bank Al Jazira alone is said to have saved over 60,000 hours of manual work deploying cloud-native AI system Automation Anywhere to improve cost efficiency.
“We have benefited from smart automation to enhance our operational efficiency while enabling our employees to focus on delivering greater value to customers. The journey of digital expansion of our bank has already been supported by the internal State authorities, for complying with all regulatory requirements,” Faisal Al Rashoudi, head of automation and robotics, Bank AlJazira.
“Banks are increasingly turning towards intelligent automation to deal with multiple complexities ranging from changing regulations to new digital security threats,” said Dinesh Chandra, vice-president, Middle East, Automation Anywhere.
Globally, Zambia, Bhutan, Angola, Armenia and Pakistan would be the most affected nations by AI automation while least affected are Singapore, Panama, Slovakia, Batswana and Trinidad and Tobago according to data sourced by bizreport from International Labour Organisation and Willrobotstakemyjob website.
It is estimated that 64 per cent of the worldwide workforce is at risk of AI automation.
ALSO READ:
Industrialists Career Exhibition marks its third edition since launching in October 2023
jobs3 weeks ago
What if there were clashes or concerns before the 'boomerang employee' left the firm? How can the workplace avoid a repeat of past drama?
jobs3 weeks ago
There are currently around 631,000 people associated with aviation-related jobs, equivalent to one in five jobs in Dubai
jobs4 weeks ago
This increase in hiring is a positive shift after a dip in September which saw the ‘mildest rise’ in overall employment since late 2022
jobs1 month ago
It’s crucial to remember that not everyone wears their party hat the same way — some won't even want to celebrate for personal reasons
jobs1 month ago
Let's face it: By revealing that you are earning less than the market average, you risk getting a lower pay package, but if you inflate your salary, there could be serious repercussions — so what should you do?
jobs1 month ago
Candidates will be sent to Spain for a practical flying experience and then undergo simulator training back in Abu Dhabi
jobs1 month ago
This is happening across all age categories, whether it’s Gen X, Millennials or Gen Z, according to experts
jobs1 month ago