This article has been submitted by Kallidus
A report from the McKinsey Institute suggests that AI will be responsible for the automation of 800 million jobs globally by 2030, affecting 20% of the UK workforce. Artificial intelligence is, however, also regarded as the ‘biggest commercial opportunity’ for today’s economy. Predictions suggest it could add 10% (c£232 billion) to UK GDP by 2030.
While a cause for concern, the report also notes that there will be a transformation in the type of work available as a result of automation. The number of AI jobs alone has grown by over four times since 2013. It is estimated that AI vacancies currently outstrip available candidates by two to one.
Preparing your workforce for the unavoidable impact of AI begins with HR in the hiring process. AI and automation offers several benefits and opportunities to enhance recruitment strategies:-