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WEF AI Generative Work Trends newsletter
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Welcome to the World Economic Forum’s 3 Work Trends newsletter, your weekly guide to the future of work and education.
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3 Work Trends - Issue 2
Welcome to the second edition of the World Economic Forum’s 3 Work Trends newsletter, your guide to the future of work and education in an ever-changing world.
This week, we are covering large language models (such as ChatGPT); advanced manufacturing and skills; and diversity, equity and inclusion in the workplace.
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1. Revealing the Potential of Generative AI: A Business Toolkit for Adapting to Near-Human-Level LLM Capabilities and Shaping the Future of Work
Generative #AI, particularly large language models (LLMs) like ChatGPT, have taken a leap in capabilities and have reached near-human-level performance in a variety of areas. Up to 40% of working hours could be transformed by LLMs through the #automation and augmentation of worker tasks, according to a new white paper from the World Economic Forum.
The paper, Jobs of Tomorrow: Large Language Models and Jobs – A Business Toolkit, defines and addresses key concerns on the impact of LLMs on jobs and emphasizes the need for businesses to adopt proactive and responsible strategies to manage these changes. It also analyses the impact of LLMs on 19,000 individual tasks across 867 occupations. The paper found that five new job roles are set to grow: AI Model and Prompt Engineers, Interface and Interaction Designers, AI Content Creators Data Curators and Trainers and Ethics and Governance Specialists.
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Written in collaboration with Accenture, the white paper also found that just 6% of organizations have adopted responsible AI frameworks and put principles into practice. The paper serves as a call to action for business leaders to create strategies and practices that use LLMs for the benefit of businesses, employees and society at large. It also provides business leaders with a toolkit that details how they can adapt, reskill and harness the potential of their workforce in the face of this technological evolution.
Read the Forum’s white paper here: Read the Forum’s white paper here
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2. Why Advanced #Manufacturing Must Always Nurture Skilled People!
Worldwide, the manufacturing sector is undergoing a profound transformation fuelled by geopolitical shifts, supply-chain interruptions, climate-related changes and technological #innovations. Nonetheless, skilled individuals remain the backbone of the industry, writes Revathi Advaithi, CEO of Flex, in an article for the Forum:
People have always been at the heart of the manufacturing industry, so it follows that we must invest in the technologies and practices that empower our workforce — and their safety, wellbeing and career fulfilment — if we are to harness the full potential of Industry 4.0.
Deploying cutting-edge manufacturing #technologies enhances future factory environments, experts note, rendering them safer, more accessible and inclusive for all employees. The World Economic Forum’s New Narrative for Advanced Manufacturing underscores the significance of human involvement in the future of manufacturing. To unlock the complete capabilities of Industry 4.0, it's imperative that we prioritize #workplace investments to ensure safety, well-being and professional fulfillment.
Credit: World Economic Forum
Read more here
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3. Unveiling Cutting-Edge Trends: Empowering Diversity, Equity, and Inclusion (DEI) in Global Organizations
In today's volatile and swiftly changing landscape, integrating #diversity, #equity and #inclusion (DEI) into organizations and #economies has become increasingly crucial for sustainable growth and resilience.
The World Economic Forum’s publication, Diversity, Equity and Inclusion Lighthouse Report 2024, provides an overview of the latest trends and emerging best practices in fostering DEI worldwide.
The Lighthouse section of the report profiles initiatives from companies such as Salesforce, Banco Pichincha, The HEINEKEN Company, Hong Kong Exchanges and Clearing Limited (HKEX), Ingka Group, McKinsey & Company and PepsiCo.
These companies have made significant strides in building more diverse and inclusive organizations, providing actionable insights and valuable lessons for any company looking to advance DEI initiatives.
Read the full report here: https://www.weforum.org/publications/diversity-equity-and-inclusion-lighthouses-2024
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