GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

In collaboration with the World Government Summit, new McKinsey research illustrates automation's opportunities and challenges for policymakers and business

Dubai, UAE, February 11, 2018:  An estimated 45 percent of existing jobs in the Middle East could be automated, according to McKinsey& Company's latest report, The Future of Jobs in the Middle East, launched today at the World Government Summit.

The potential for automation translates into massive economic value and opportunities across the region. In all six Middle Eastern countries examined, $366.6 billion in wage income and 20.8 million full-time equivalent employees (FTEs) are associated with activities that are already technically automatable today. 

'Our research encourages Middle East policymakers and business leaders to embrace the transition into the new age of automation, and invest in skills that workers of the future will require,” says Jan Peter Moore, Associate Partner at McKinsey & Company.  “For countries such as the UAE, Bahrain and Kuwait, the projected proportion of work, and by extension workers, displaced is higher than the projected global average. This means workers in these countries will need to evolve to adapt to global forces of workforce automation and technological progress more rapidly than other countries in the region.” 

Automation's potential varies across industries and education levels 

As the future of work materializes, policymakers have a window of opportunity to embrace AI and automation, equip workers with the rights skills that complement new automation technology, increase opportunities for new jobs from the implementation of technologies, take advantage of technological disruption to build new competitive advantage, and reinvest AI-driven productivity gains in strategic diversification initiatives across sectors. 

Automation's potential varies substantially across industries. Sectors like manufacturing, transportation and warehousing where routine tasks are common have a high potential for automation, whereas sectors where more human interaction is required, including the arts, entertainment, recreation, healthcare and education, have a lower potential to be automated – ranging from 29 to 37 percent.  

For policymakers and governments in the region, there is a critical link between displacement by automation and low-to-medium levels of education and experience. In a region where 57 percent of the current employed workforce has not completed a high school education, automation poses a real risk. The automation potential more than halves, falling to nearly 22 percent, for employees holding bachelor or graduate degrees. 

For the UAE, and other dual labor markets in the Gulf, organizing the future workforce and addressing segmentation will be vital. In the UAE, the research estimates that based on the segmentation of work activities by sector, occupation and education, more than 93 percent of the labor-saving technical automation potential applies to jobs currently held by expat workers. More than 60 percent of the automation potential is concentrated in six out of the 19 sectors examined; these include other services, administrative and support, government, manufacturing, construction, and retail trade as well as wholesale trade. 



Posted by : GoDubai Editorial Team
Viewed 7796 times
Posted on : Sunday, February 11, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : WGS 2018: World-Renowned Author Opens Landmark Summit with Plea for Compassion and Altruism
Next Story : Emirates Post Group discovers Emirati talents at National Career Exhibition More than 180 CV applica...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Mouawad Acquires The 51.38 Carat Dynasty Diamond From ALROSA
Introducing the GUESS Jeans Fall 2018 Collection
Cerruti 1881 MOLVENO timepiece and cufflinks
Build Your Perfect Skincare Routine with Essentials from Glambeaute.com
Hour Choice presents Coach Astor Collection
Nazih Introduces New Dr. Renaud Skincare Range
Carl F. Bucherer Presents Adamavi Collection
Business Wear by Hugo Boss
Head to Modhesh World for Summer Fun Before the School Run
Five Awesome Reasons to Visit LEGOLAND® Dubai During the Eid Al Adha Holiday
The new Rado HyperChrome Chronograph in bronze and high-tech ceramic
Back-to-School Shopping Made Easy with SOUQ.com
Never Run Out of Space for Those Joyful Summer Holiday Memories With Western Digital
Spectacular live entertainment for the entire family at Majid Al Futtaim malls i...
Eid Gift Guide 2018
The Marriott International cyclist team completes 600km R2A cycle challenge
New Addition to the HUAWEI Nova 3 Series: On-trend and fashionable HUAWEI nova 3...
Eberhard & Co. immortalizes a legend
Trend Alert! Clueless About Plaid? kate spade Found Fresh Ways to Showcase the G...
Calligraphy, etching and Palestinian embroidery: Learn it all at Tashkeel this S...
The Moon Collection From Lacoste
OMEGA Showcases its Passion for Golf at the 2018 PGA Championship
‘The Little Things' That Makes Summer All The More Enjoyable
Big Android Breakthrough: Huawei's power packed GPU Turbo upgrade will turn you...
XTouch Announces the Launch of the Robot Family Range of Rugged Mobile Phones
American Eagle Takes It to the Ne(X)t Level With Fall Jeans Campaign
du LaLiga HPC Top Talents Arrive in Spain for 21-day Annual Scouting Camp
Let your kids enjoy some dancing at James & Alex Dance Studios
FREE DANCE WEEK is back at James & Alex Dance Studios
The new Hamilton Khaki Field Mechanical
Why Are Chipmakers Making Smaller and Smaller Processors?
VIP Golf Austin Offers Golf Packages For the Avid Tourist
Raymond Weil unveils a new collaboration with Marshall Amplification
Chronoswiss Limited Edition of Flying Grand Regulator Skeleton
Eyesight restored in a rare case of Optic Neuritis
Aperitivo di Ferragosto
Dubai Tourism Publishes ‘12 Steps Towards Sustainability' Manual to Guide Hotels...
LG to Introduce Advanced Stylers With Ai Voice Recognition and Mirrored Glass De...
Samsung Launches the Galaxy Note9 in the UAE
Free Wellness Workshop to address Physical and Mental health issues
Aster Disaster Support Team mobilized to help Kerala flood victims
Department of Culture and Tourism – Abu Dhabi brings excitement to children at S...
Mohamed Bin Zayed Majlis for Future Generations Announces its Second Edition
Carried out by Kalimat Foundation for Children's Empowerment
Freight Growth Slowdown Continues In June
DXC Technology and Amazon Web Services (AWS) Collaborate to Modernize IT Service...
RERA Partners with CBD to Offer Escrow Services for Owners' Association
Secondary Infertility: A Confusing & Emotional Ride Affecting Millions of Women
Turkish Airlines posted USD 258 million Operating Net Profit in the first half o...
Baroncelli Big Date collection from Mido