AI's rapid advancement is expected to replace millions of jobs
globally in the next five years and drive the skill acquisition
velocity to unprecedented levels. Asteri's CEO, Julia Grace Samoylenko, emphasizes the need for
balanced AI integration and upskilling and reskilling to navigate
these changes successfully. She advocates for the ethical
deployment of this revolution and highlights that it begins with
the fundamental problem of understanding and actively measuring
workforce skills, which is still addressed using antiquated
approaches.
PALO ALTO, Calif. ,
June 25,
2024 /PRNewswire-PRWeb/ -- According to the
National Fund for Workforce Solutions, AI is set to replace 75
million jobs globally by 2025. (1) Due to this phenomenon, concerns
are being raised worldwide, and the US is no exception. A survey
reveals that 60% of American workers feel unprepared for these
advancements, and 35% fear job loss. (2) Julia Grace Samoylenko, founder and CEO of
Asteri—the technology company behind Asteri.Mind, the AI technology
specifically built for capturing and managing evolving skill sets
within enterprise workforces—acknowledges the challenges of this
revolution and emphasizes, "The main risk comes from thinking AI
will answer all questions. Companies need to understand that just
adding these tools alone will not be a recipe for success."
"The main risk comes from thinking AI will
answer all questions. Companies need to understand that just adding
these tools alone will not be a recipe for success. It's crucial to
integrate AI responsibly, alongside robust upskilling initiatives."
- Julia Grace Samoylenko
The paradigm is already shifting. It's estimated that 14% of
workers globally have experienced job displacement due to AI, (3)
and 50% of companies have implemented AI technologies. (4)
Samoylenko underscores the necessity of understanding this
technology to plan for upcoming challenges: "There are ethical
concerns for AI. The private sector needs to take active steps to
move their workforce to the new reality and help acquire new
AI-centric skills, leveraging the technology advancements to boost
productivity and efficiency."
This sets an unprecedented challenge for both employees and
businesses. It's estimated that within the next three years, the
retraining of 120 million workers will be necessary. (4)
Samoylenko's vision for Asteri aligns with the World Economic
Forum's call for reskilling half the global workforce by 2025, (5)
positioning Asteri as a leader in the skills-centric talent
revolution.
Crisis Can Also Mean Opportunity
Paradigmatically, it is also estimated that AI will create 133
million new jobs, leading to a net gain of 58 million jobs; the
healthcare, education, and public sectors are projected to see
significant job growth due to this. (1) Workers, however, need to
step up their game and many are conscious about it: 40 believe they
need upskilling to handle AI effectively. (5)
The key to success for companies in this evolving landscape is
the reskilling of their workforce. Samoylenko explains, "Paying for
the benefits of AI requires a workforce that can utilize AI and
other emerging skills and technologies to the fullest. In many
cases, there are not enough experts in the workforce where you can
just hire who you need. Instead, you need to build the workforce of
the future with much of the talent you already have. This results
in significant productivity gains and less downtime due to
layoffs."
"If AI and automation can free up the workforce, enable them to
be more productive, and create space to reskill and upskill them,
then part of the initial investment to adopt these new technologies
gets covered", she highlights. Samoylenko also points out that
ethical concerns for AI should be addressed and warns especially
about the dangers of automation decisions without human oversight:
"AI is not best suited to replace humans but is perfectly suited to
digest large amounts of data and be a tool for learning and
decision-making".
The Answer Lays Within AI-Revolution
With the rapid advancement of technology, equipping employees with
the new knowledge they need to face this world is essential to keep
them relevant and competitive in the evolving job market.
Comprehensive upskilling and reskilling initiatives help employees
transition to roles less susceptible to automation, enhancing their
productivity and leveraging AI to their advantage. Thus, educating
employees about AI alleviates fears and negative sentiments,
fostering a more inclusive and informed workforce.
Accelerating skills acquisition, triggered by AI, means learning
new skills takes weeks or even days now, versus years less than a
decade ago. That's why businesses need to completely transform how
they evaluate and develop their workforce skills. Traditional skill
assessment methods—like assessment centers, manual input, surveys,
and consulting—present limitations due to resource intensity,
incompleteness, and data quality concerns. This is where innovative
approaches like those developed by Asteri come into play. Asteri's
AI-driven skills classification, extraction, and inference
continuously identify actively practiced skills, existing skill
gaps, and forecast future skill demands, enabling targeted training
initiatives that align with the evolving job market.
In this new era, old methods have become slow and biased. The
new solutions start with understanding how skills evolve, and with
"evidence-based" continuous skill assessment that requires AI to
infer skills and proficiency levels. AI can also introduce
transparency into skill assessments, effectively mitigating biases.
By standardizing evaluation criteria and leveraging data-driven
insights, it ensures fair and impartial assessments. Asteri's
approach to using AI for skill assessment promotes equitable career
growth and development based on genuine abilities, bypassing biases
often associated with traditional methods. This levels the playing
field, ensuring employees are evaluated on their true skills, not
managerial biases.
Addressing existing inequalities through a transparent AI
assessment system ensures all employees are measured uniformly,
without human prejudices. "This fast-ever evolving landscape calls
for an innovative approach to workforce management not only
addresses current challenges but also positions companies to thrive
in the AI-driven future", Samoylenko concludes.
About Asteri:
In an era of rapid technological change and evolving job markets,
Julia Grace Samoylenko launched
Asteri from Palo Alto, California—a technology startup dedicated to
managing the ever-evolving skill sets within enterprise workforces.
With over a decade of Fortune 500 experience, she leads Asteri in
harnessing AI to analyze digital traces of employee work and
transform them into evidence-based workforce skills data. Asteri's
AI engine, trained on hundreds of thousands of skill-related
records, enhances the accuracy of skill extraction, inference, and
prediction. Additionally, the team supports companies in enhancing
their AI-related skills by bringing visibility into which jobs and
skills will be replaced by AI—a critical concern for all enterprise
leaders. This innovative method not only anticipates the needs of
tomorrow's workforce—echoing the World Economic Forum's call for
reskilling half the global workforce by 2025—but also positions
Asteri as a leader in the skills-centric talent revolution. Learn
more about how they are pioneering the skills-centric talent
revolution at https://asteri.ai.
References
1. "AI and the Future of Work." National Fund for Workforce
Solutions, 13 Mar. 2024,
ationalfund.org/ai-and-the-future-of-work/.
2. Hollenbeck, Eric. "Workers Sound the Alarm on AI Workplace
Readiness." WSU Insider, 25 Jan.
2024,
news.wsu.edu/news/2024/01/25/american-workers-sound-the-alarm-on-ai-workplace-readiness/.
3. SEO.AI's Content Team. "AI Replacing Jobs Statistics: The Impact
on Employment in 2023." Seo.ai, 15 Jan.
2024, seo.ai/blog/ai-replacing-jobs-statistics.
4. Apotheker, Jessica, et al. "From Potential to Profit with
GenAI." BCG Global, Boston Consulting Group, 8 Jan. 2024,
bcg.com/publications/2024/from-potential-to-profit-with-genai.
5. Machuel, Denis. "A Majority of Workers Want AI Training from
Their Companies. We Must Empower Them." World Economic Forum,
23 Jan. 2024,
weforum.org/agenda/2024/01/ai-training-workforce/.
Media Inquiries:
Karla Jo Helms
JoTo PR™
727-777-4621
jotopr.com
Media Contact
Karla Jo Helms, JOTO PR™,
727-777-4629, khelms@jotopr.com , jotopr.com
View original content to download
multimedia:https://www.prweb.com/releases/asteris-approach-to-ai-job-displacement-taking-control-of-the-workforce-skills-302181444.html
SOURCE Asteri