As the world enters into the era of artificial intelligence (AI), several major tech companies have come together to address the challenges posed by job displacement. Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft, and SAP, along with six advisers, have formed the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium. This consortium aims to support individuals who have lost or will lose their jobs due to AI by helping them upskill or reskill to reenter the workforce. The primary focus of this collaboration is to provide training programs for impacted workers and connect businesses with companies in search of these newly acquired skillsets.
In a statement, Francine Katsoudas, the Executive Vice President and Chief People, Policy & Purpose Officer of Cisco, emphasized the mission of the AI-Enabled Workforce Consortium: to equip organizations with knowledge about the impact of AI on the workforce and to empower workers with the necessary skills for the evolving job market.
It’s no secret that workers worldwide are being affected by the rapid adoption of AI. Companies like UPS and IBM have already made announcements about layoffs and hiring freezes due to AI integration. According to a study conducted earlier this year by Challenger, Gray & Christmas, US companies have eliminated over 4,600 jobs as they seek to replace positions with AI-ready hires.
While the development of AI innovations by participants of the ICT consortium may contribute to job loss, the collaborative members recognize the urgency to support impacted workers. The consortium believes that upskilling and reskilling opportunities will enable workers to transition into new careers in alternative roles.
To achieve their collective mission, the companies have set ambitious goals to positively impact over 95 million individuals worldwide over the next decade. These goals include specific targets from each participant:
– Cisco aims to train 25 million people in cybersecurity and digital skills by 2032.
– IBM plans to skill 30 million individuals by 2030, with a focus on digital skills and AI training for 2 million people.
– Intel aims to train over 30 million individuals in AI skills for current and future jobs by 2030.
– Microsoft commits to training and certifying 10 million individuals from underserved communities in digital skills, preparing them for lucrative opportunities in the digital economy by 2025.
– SAP’s goal is to upskill 2 million people worldwide by 2025.
– Google, on the other hand, has already dedicated EUR 25 million to support AI training initiatives across Europe.
It is important to note that these targets represent aspirational goals for the consortium. While the companies strive to achieve or even surpass these numbers, the reality of reaching such milestones is intricate and multi-faceted.
To materialize these objectives, the consortium will first assess how AI has affected 56 job roles, which account for 80 percent of the top 45 job titles based on job postings since the previous year. After evaluating the impact, they will provide recommendations on how to ensure workers possess the necessary skills that align with the requirements of ICT companies to achieve their lofty ambitions.
FAQ:
Q: What is the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium?
The AI-Enabled ICT Workforce Consortium is a collaborative effort among major tech companies to address the challenges posed by job displacement caused by artificial intelligence. The consortium aims to assist impacted workers in upskilling or reskilling to reintegrate into the workforce.
Q: What are the goals of the consortium?
The consortium aspires to positively impact over 95 million individuals globally within the next ten years. Each participating company has set individual targets to achieve this collective mission.
Q: How can the consortium facilitate job transitions in the evolving job market?
The consortium plans to provide training programs for workers affected by job displacement due to AI. Additionally, they aim to connect businesses with companies seeking the specific skillsets acquired through upskilling and reskilling.
Q: Are the goals of the consortium guaranteed to be met?
While the participating companies earnestly strive to meet or surpass their goals, the attainment of these targets is not guaranteed. The objectives represent ambitious aspirations for the consortium, acknowledging the complex nature of the task at hand.
Sources:
– [Challenger, Gray & Christmas](https://www.challengergray.com/press/press-releases/u.s.-job-cuts-from-automation-off-to-a-slow-start/)
– [Cisco](https://www.cisco.com/)
Through the establishment of the AI-Enabled Workforce Consortium, these leading tech companies are taking proactive steps to navigate the transformative landscape of AI, ensuring that the workforce of the future is equipped with the necessary skills for a tech-savvy world.
The AI-Enabled Information and Communication Technology (ICT) Workforce Consortium is addressing the challenges brought by job displacement caused by artificial intelligence (AI). The consortium aims to assist individuals who have lost or will lose their jobs due to AI by providing training programs for upskilling and reskilling. Additionally, the consortium aims to connect businesses with companies seeking these newly acquired skillsets.
The rapid adoption of AI has been affecting workers worldwide, leading companies like UPS and IBM to announce layoffs and hiring freezes due to AI integration. A study conducted by Challenger, Gray & Christmas found that US companies have already eliminated over 4,600 jobs as they seek to replace positions with AI-ready hires.
While the consortium members recognize that their own AI innovations may contribute to job loss, they also emphasize the urgency to support impacted workers. They believe that upskilling and reskilling opportunities will enable workers to transition into new careers in alternative roles.
The consortium has set ambitious goals to positively impact over 95 million individuals globally within the next decade. Each participant has specific targets:
– Cisco aims to train 25 million people in cybersecurity and digital skills by 2032.
– IBM plans to skill 30 million individuals by 2030, focusing on digital skills and AI training for 2 million people.
– Intel aims to train over 30 million individuals in AI skills for current and future jobs by 2030.
– Microsoft commits to training and certifying 10 million individuals from underserved communities in digital skills by 2025.
– SAP’s goal is to upskill 2 million people worldwide by 2025.
– Google has dedicated EUR 25 million to support AI training initiatives across Europe.
These targets represent aspirational goals for the consortium. While the companies strive to achieve or surpass these numbers, reaching such milestones is intricate and multi-faceted.
To materialize their objectives, the consortium will assess the impact of AI on 56 job roles that account for 80% of the top 45 job titles based on job postings in the past year. They will then provide recommendations on how to ensure workers possess the necessary skills aligned with the requirements of ICT companies.
In conclusion, the AI-Enabled Workforce Consortium is proactively addressing the challenges of job displacement caused by AI. Through training programs and connecting businesses with companies in need of specific skillsets, the consortium aims to equip the workforce of the future with the necessary skills for the evolving job market.
FAQ:
Q: What is the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium?
The AI-Enabled ICT Workforce Consortium is a collaborative effort among major tech companies to address the challenges posed by job displacement caused by artificial intelligence. The consortium aims to assist impacted workers in upskilling or reskilling to reintegrate into the workforce.
Q: What are the goals of the consortium?
The consortium aspires to positively impact over 95 million individuals globally within the next ten years. Each participating company has set individual targets to achieve this collective mission.
Q: How can the consortium facilitate job transitions in the evolving job market?
The consortium plans to provide training programs for workers affected by job displacement due to AI. Additionally, they aim to connect businesses with companies seeking the specific skillsets acquired through upskilling and reskilling.
Q: Are the goals of the consortium guaranteed to be met?
While the participating companies earnestly strive to meet or surpass their goals, the attainment of these targets is not guaranteed. The objectives represent ambitious aspirations for the consortium, acknowledging the complex nature of the task at hand.
Sources:
– Challenger, Gray & Christmas
– Cisco
The source of the article is from the blog aovotice.cz