There are numerous industries where automation is being put into practice. AI is transforming everyday business processes. Professionals foresee profound transformations of the labor marketplace. The European Commission states that close to 45% of functions is presently possible to be automated. These changes impact millions of employees. In the next few years, the rate of automation is bound to increase. Employees have to adjust to the shifting reality.
- By 2040, automation could cover up to 70% of all routine tasks in the workplace in the European Union.
- Global investment in AI technologies will exceed €150,000,000 in 2025.
- 14% of jobs in the EU are at high risk of full automation.
- The average salary of machine learning specialists in Europe has increased by 25% over the past two years.
- The use of artificial intelligence in healthcare can reduce mortality from diagnostic errors by 30%.
- In the UK, automation in the financial sector has reduced administrative costs by 35% over the past five years.
- Approximately 25% of all new professions will be related to artificial intelligence.
- In the Netherlands, retraining programs for 80% of workers are funded by the state.
- The introduction of autonomous vehicles in the EU will reduce the number of road accidents by 90% by 2035.
- Artificial intelligence will add €1,200,000,000 to the global economy by 2030.
- 50% of manufacturing companies in Sweden plan to fully automate by 2030.
- 35% of European companies said they were experiencing a shortage of programming skills in 2024.
- Development and support of artificial intelligence systems could take up to 60% of IT budgets of large corporations by 2035.
- 75% of workers in Europe will be required to take advanced training courses by 2030.
The Impact of Technology on the Labor Market
Automation reduces the need for routine tasks. Companies use robots to increase efficiency. In the manufacturing sector, 40% of operations are automated. This reduces costs. Increases productivity. Some jobs are disappearing. Work processes are becoming more standardized.
The service sector is also changing. Chatbots are replacing operators in call centers. Artificial intelligence processes customer data faster than people. This increases customer satisfaction. At the same time, operator jobs are decreasing. The retail sector actively uses cash machines. Buyers are increasingly choosing self-service instead of communicating with cashiers.
New Professions and Changes in Existing Ones
Artificial intelligence creates new professions. Machine learning engineers are becoming important specialists. Data analysts help businesses make decisions. These professions require high qualifications. The demand for cybersecurity specialists is growing. They protect company data from threats.
Traditional roles are changing. Marketers use algorithms to analyze customer behavior. Medical professionals use AI to diagnose diseases. Construction companies use drones to monitor objects. Such changes increase the requirements for employee skills. Financial analysts use algorithms to forecast markets. This speeds up the decision-making process.
Preparing for Change
The EU is investing in training programs. In 2024, €3,000,000 has been allocated for this purpose. Training courses help people acquire new skills. This reduces the negative effects of automation. Workers learn programming, data analytics, and digital technologies. In some countries, specialized training centers are being created.
Companies are creating internal retraining programs. For example, Siemens retrained 10,000 employees in two years. Such initiatives help adapt to change. Governments are also encouraging educational projects. In Germany, training centers for future specialists are being created. Similar programs are being developed in other countries.
Forecasts for the Future
The number of automated processes will continue to grow. By 2030, up to 60% of jobs will be affected by technology. At the same time, professions that are unknown today will appear. Experts predict an increase in demand for specialists in the field of AI ethics. This is important for creating safe and fair systems.
Some industries will retain jobs. This applies to creative and social professions. Automation cannot replace human empathy. Teachers, doctors, and psychologists will remain in demand. However, technology will help them in their work. In the field of art, the use of AI opens up new facets of creativity.
What's Next?
The impending future is truly complex. Progressing technology is outpacing human adaptation. People are losing jobs, meanwhile, entirely new careers are being introduced. Corporates are beginning to utilize artificial intelligence. Governments are remaining reactive to these advancements. Change is not something everyone will warm up to easily. Countless individuals will need to embrace the concept of retraining. This pattern may lead to a spike in social inequality. Monitoring AI tools will be a significant problem for the EU. How effectively this problem is solved will shape the future of society as a whole.