Businesses worldwide are adopting automation in their operations at a slower pace than previously expected. That is the conclusion of experts at the World Economic Forum (WEF).<\/p>\n
According to the the report<\/a> \u201cFuture of Jobs\u201d, businesses currently estimate that 34% of all their tasks are performed by machines. The previous forecast of automation at 47% by 2025 will not materialise, economists conceded.<\/p>\n Now experts believe that by 2027 42% of tasks will be automated.<\/p>\n \u201cThe boundary between human and machine has shifted,\u201d said the WEF.<\/p>\n<\/blockquote>\n According to revised estimates, 65% of automated tasks in the next five years will focus on information processing and data handling. 35% of work will involve reasoning and decision-making, which traditionally are the prerogative of humans.<\/p>\n Approximately three-quarters of surveyed companies plan to deploy AI by 2027. Experts say that if firms move ahead with these efforts, the labour market will be radically changed.<\/p>\n Half of organisations expect job creation amid AI adoption. However, 25% of respondents are confident that a number of professions will disappear under the influence of algorithms.<\/p>\n \u201cIt is not yet clear how rapidly evolving technologies such as generative AI will alter the makeup of automated tasks in the period 2023\u20132027,\u201d the report says.<\/p>\n<\/blockquote>\n Experts also cited studies showing that large language models can already automate 15%. They predicted this figure would rise to 50% in the near future.<\/p>\n\n
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