What impact of AI on employment? It is urgent to act, according to the OECD!

2023-07-15 03:51:31

The fear of AI at work. Image: OECD.

Artificial intelligence (AI) has affected our lives for many years, even if its media coverage through ChatGPT is recent. Generally speaking, multiple algorithms are already in use today throughout the industry. Finance is at the forefront, according to the OECD.

The Organization for Economic Co-operation and Development (OECD) is not only concerned regarding the impact of inflation on wages, but is also closely following the various developments in AI that may have a significant impact on the world. of work in the world. The 2023 report.

Big concern in finance

“The first results of a new OECD survey on the use of AI in the industrial and financial sectors show that there is an urgent need to act now, with policies that allow countries, companies and individuals to benefit from AI, while taking into account the risks”, estimates the organization in its report.

Even though AI will make life easier for many employees of countless companies, it can pose a risk for some jobs. Some 63% of employees in finance and 57% in manufacturing sectors say they worry regarding losing their jobs to AI in the next ten years.

State responsibility

Overall, the OECD is concerned regarding the impact of AI on the world of work and calls on States to take the various measures to protect data (confidentiality), workers and anticipate the changes that these technologies will have on the society. The OECD therefore essentially wants immediate political action so that no one is left behind.

My comment? Even buggy to the core and potentially a source of misinformation, AI will indeed continue to disrupt the world of work, like financial services, as explained here. In broader contexts, the control of the result of the production of these different AIs risks becoming essential…

Xavier Studer

For further: “The impact of AI on the workplace: Main findings from the OECD AI surveys of employers and workers».

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