The tremors were not felt by UAE residents despite the country's close proximity to Iran
uae11 hours ago
About 40 per cent of jobs worldwide, especially back-office workers, could be replaced by the rise of artificial intelligence, a top official said in Abu Dhabi.
Sameer Abdullah Naas, president of the Union of Arab Chambers, said employers and employees are embracing new technologies at workplaces.
“People are technology driven. And they are more adapted to new technology. I noticed a lot of businesses working on the internet and selling products through their business and marketing promoting using that tool very well and efficiently. I think they adapt very well,” Naas said during a panel discussion at the ongoing Annual Investment Meeting (AIM) Congress 2024 in Abu Dhabi.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
In the same vein, Naas, who is also the Chairman of the Bahrain Chamber of Commerce and Industry, underlined that up to 40 per cent of back office jobs would be replaced by AI.
“The only challenges with new technologies nowadays that we see are getting warnings from specialists, I mean, an indication... that AI is going to be coming and creating a new problem and a challenge for governments and companies regarding back office operations. For example, that (AI) would eliminate almost 40 per cent of the jobs available in back office operations,” Naas noted.
Back-office jobs typically involve administrative-level work like accounting, maintaining records, data entry, HR, office management, IT support, and mostly operations-related services.
Naas pointed out the need for reskilling the workforce to counter job losses because of automation.
“And that means there’s another challenge, that is to retrain, to find a replacement, or where these people are going to be working.”
He called for starting a groundwork at educational institutions to make youngsters ready for the world of AI. “The educators have to change the way, the subject, they have to train and get our youth on what job they should seek for.”
He highlighted the public-private sector collaboration to deal with the challenges emerging from an accelerated digital transformation.
“So, there are a lot of transformations and challenges. I think governments have to get involved and find solutions with the private sector, as well as change some of the legislations and laws.”
The three-day annual gathering, organised by the AIM Global Foundation, has gathered industry leaders, policymakers, investors, entrepreneurs, and experts from around the world to explore innovative strategies and opportunities for economic growth and prosperity.
The three-day global investment event, an initiative of AIM Congress 2024 supported by the UAE Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development, is being held at the Abu Dhabi National Exhibition Centre till Thursday.
ALSO READ:
The tremors were not felt by UAE residents despite the country's close proximity to Iran
uae11 hours ago
He was a founding member of the Dubai chapter of The Institute of Chartered Accountants of India and once served as general manager of Khaleej Times
uae13 hours ago
No casualties were reported by authorities in Aurora province, but thousands of homes were damaged, and heavy losses were sustained
uae13 hours ago
Omar Al Marzooqi is determined to qualify for the 2025 World Cup in Switzerland; his next big goal is the 2028 Olympics
uae15 hours ago
Tamim Al Tamimi had some of his shots displayed at Duroor Nights, an event that celebrated the Duroor system and its profound impact on Emirati life, in Ras Al Khaimah
uae15 hours ago
The budget covers UAE-themed decorations, cash prizes, Emirati-themed photo corner, and giveaways such as chocolates and perfumes
uae15 hours ago
These companies can offer services to GCGRA-approved commercial gaming operators
uae15 hours ago
Health experts have said many of these are triggered by improper food storage, poor dietary habits, or viral infections contracted in group settings
uae23 hours ago