The Pandemic is Accelerating Automation, and 85 Million Jobs May Be At Risk

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  • The COVID-19 pandemic is making companies automate many operations, spurring global digitization of work faster than expected, a World Economic Forum (WEF) study revealed Wednesday
  • The one-year study on effects of automation in the workplace found that the future of work arrived early due to COVID-19
  • The study showed that more than 85 million jobs may be displaced by automation in the next five years across 15 industries and 26 economies
  • The WEF reported that the digital revolution will create 97 million new jobs, which would emerge in the care economy, content creation fields, and the fourth industrial revolution technology industries such as artificial intelligence
  • The study showed that by 2025, employers will divide work between humans and machines equally