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Oct 6, 2018,  by Allianz Partners Business Insights

Robots set to carry out 52% of professional tasks by 2025

Automation will affect 52% of daily professional tasks by 2025, according to a recent report by the World Economic Forum. While this robotic revolution will cause many jobs to be axed, it should at the same time encourage the development of other trades, chiefly in sectors linked to new technologies. 

According to a study by the World Economic Forum published on Monday 17 September, 52% of daily professional tasks will be carried out by robots by 2025. The widescale arrival of automatons on the job market will create an "enormous disturbance ... within the world labour market", but should also bring with it the emergence of new trades, LCI reports. "The robotic revolution will create a net 58 million new jobs over the coming five years," the WEF maintains.

 

75 million fewer jobs by 2022

 

The researchers behind the study are categorical, stating: "By 2025, over half of the tasks currently carried out at work will be done by machines, compared with 29% today". According to their estimates, 75 million jobs are set to disappear by 2022, with certain sectors particularly affected, namely secretarial work, accounting, assembly lines, postal services and client management centres. 

These massive lay-offs will be compensated for by the creation – at the same time – of 133 million jobs in areas linked to the digital revolution. IT developers and specialists in artificial intelligence and big data will be particularly in demand. Between 2018 and 2022, the aviation, travel and tourism industries should be the most affected by the shift according to the results of a survey into 12 sectors in 20 developed and emerging economic systems.

 

Market transformation difficult to predict but definitely on its way

 

These various changes are set to be accompanied by a problematic lack of skills "in the information and communication technologies sector, financial services, and mines and metals," the report states, before concluding that almost half of the companies are expecting a drop in their full-time workforce by 2022 due to automation.

On the other hand, 40% of them are set to increase their overall staff levels and over a quarter think that new jobs will be created. While it is difficult to predict with any certainty what the impact of this robotic revolution will be on employees, researchers maintain that the market will undergo an enormous transformation, bringing about "important changes in the quality, location, format and permanence of jobs".

 

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