AI could boost UK job market by 610,000
According to new research According to ServiceNow, the UK labour market could undergo a major transformation, with 610,000 new roles created by 2028 thanks to advances in AI.
The research, based on the analysis of data from different labor markets through machine learning, examines the effects of artificial intelligence in different sectors.
ServiceNow shows the impact of technology on the technology, media and telecommunications sectors, which are expected to account for 320,000 jobs in 2029.
AI will have a major impact on the UK labour market
In addition, more positions could be filled in education (190,000) and health care (90,000).
Alarmingly, the study also outlines the negative effects of AI on the labor market, with many workers seemingly feeling threatened by the technology. The retail sector could lose 240,000 jobs by 2028, while manufacturing (90,000) and financial services (50,000) will also see significant losses.
Daniel Stirrett, Group VP & GM UK & Ireland, said: “Like other technologies that have come before it, AI will both disrupt the workforce and create a net positive gain in employment.”
In addition to creating new jobs, ServiceNow’s report highlights the productivity benefits that existing employees can unlock. In the tech sector, the company estimates that the average systems administrator can gain up to 12.6 hours per week.
These emerging technologies will require implementation and maintenance, so it is expected that another 400,000 roles will be created. Those who want to improve their skills in anticipation of the creation of new roles should consider moving into computer and information systems management, development, and data engineering.
Overall, ServiceNow believes the global workforce will largely grow, with the exception of aging populations like Germany and Japan. Addressing the perception that AI could take over human jobs, the report reveals emerging markets and a shift in the workforce, rather than eliminating workers entirely.
