Tech revolution to wipe out 7.1 million jobs over next five years – WEF.

Up to 7.1 million jobs will be wiped out in 15 major economies during a fourth industrial revolution, as disruptive developments in artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology come to the fore, says the World Economic Forum.The rapid advance in technological innovation will cause widespread disruption not only to business models but also to labour markets over the next five years, with enormous change predicted in the skill sets needed to thrive in the new landscape, says the organisation, in a new report based on a survey of chief human resources officers and top strategy executives from companies across 15 of the world’s largest economies.In terms of overall impact, the report indicates that the nature of change over the next five years is such…


Link to Full Article: Tech revolution to wipe out 7.1 million jobs over next five years – WEF.