The uptake of artificial intelligence by businesses will transform the UK job market in the near future and will create around 133 million new jobs worldwide. The findings come from a new report called Harnessing the Power of AI: The Demand for Future Skills (registration) from recruiter Robert Walters and market analysts Vacancy Soft.
The report claims that in the UK alone, up to a third of jobs will be automated or likely to change as a result of the emergence of AI – impacting 10.5 million workers.Demand for Data Professionals
IT professionals dedicated to data management appear to be the fastest growing area within large or global entities, with volumes increasing ten-fold in three years – an increase in vacancies of 160 percent since 2015. More generally, data roles across the board have increased by 80 percent since 2015 – with key areas of growth including data scientists and engineers.
What has been the most interesting to see is the emergence of data scientist as a mainstream profession – with job vacancies increasing by a staggering 110 percent year-on-year. The same trend can be seen with data engineers, averaging 86 percent year-on-year job growth.
The rise of cybercrime has resulted in professional services – particularly within banking and financial services – hiring aggressively for information security professionals since 2016, however since then volumes have held steady.
Within professional services, vacancies for data analysts (+19.5 percent), data manager (+64.2 percent), data scientist (+28.8), and data engineer (+62 percent) have all increased year-on-year.
According to the report, the top industries already investing in AI are:
- Business Support
- Customer Experience
- Intellectual Property
- IT Service Management
- Technical Support
- Software Development
Ollie Sexton, Principal at Robert Walters comments: “As businesses become ever more reliant on AI, there is an increasing amount of pressure on the processes of data capture and integration. As a result, we have seen an unprecedented number of roles being created with data skill-set at their core.
“Our job force cannot afford to not get to grips with data and digitalisation. Since 2015 the volume of data created worldwide has more than doubled – increasing (on average) by 28 percent year-on-year. Now is the perfect time to start honing UK talent for the next generation of AI-influenced jobs. If you look at the statistics in this report we can see that demand is already rife, what we are at risk of is a shortage of talent and skills.”