Machines and automated software will be handling fully half of all workplace tasks within seven years, a new report from the World Economic Forum forecasts. But the group said technologies such as artificial intelligence, robotics, and precision medicine, could create more jobs than they threaten. In a study of executives and specialists across 12 industries, published Monday, the WEF concluded that this so-called “Fourth Industrial Revolution” could create 133 million jobs globally, while 75 million workers may be displaced. World Economic Forum predicts machines will take over half of work tasks by 2025, but said technologies such as artificial intelligence, robotics, and precision medicine, could create more jobs than they threaten. But it said half of all companies plan retraining only for “key roles,” and only one-third say they plan any retraining for at-risk workers.

Source: thestar September 17, 2018 14:15 UTC