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 6710 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
Grand Mall Opens the 52nd Outlet in Al Musallah - Sharjah
LOOTAH Perfumes launches four new springtime fragrances for Him and Her
Meet the FOREO family as they share their top tips for radiant skin during the ...
Amani Glam Collection
LOOTAH Perfumes launches fragrant oud ‘Ambwood'
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga
Three Trends to Try with Palladio Beauty
Lip Stick to my Heart - GOSH New Collections
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Carrera UAE Exhibition
Toyota Rush makes a new beginning in the UAE
New Master Maserati Driving Courses for 2018
bebe Launches First Ever Ramadan Capsule Collection
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
Care for your baby's sensitive skin with Corine de Farme
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Enhance your natural beauty while staying active with The Body Shop's Sportify M...
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Dubai Holy Quran Radio launches new special programmes for Ramadan
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
Celebrate a Traditional Ramadan at the First Swissôtel in Dubai
Diabetes & Ramadan (DAR) Alliance and Sanofi introduce new integrated digital hu...
Beautiful Kaftans for Ramadan from GUESS
HydroPeptide Launches Solar Defense Products in UAE
Ramadan-Inspired Sandro SS18 Pieces
Make Ramadan Better With the Gift of Sharing
The Balmain de Balmain II Mini is a true win-win
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
Ikea Yas Island Recognised as One of the Brand's Best Stores in the World
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
Celebrate The Holy Month Of Ramadan With The Night Picnic At Tub Of Butter
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Google launches new feature on Search to mark Ramadan
Facebook Launches Youth Portal, a Central Place for Teens
CND™ Boho Spirit: The Collection Summer 2018 Shades
Charity event brings early Ramadan spirit to children of determination and their...
OMEGA Welcomes Sailing Sensations Peter Burling and Blair Tuke as Brand Ambassadors
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Corum in Rome: La Dolce Vita Returns to Watchmaking
Global Rollout of LGG7 Thinq Gets Underway
A Nose for Great Sound
Etisalat Launches First Commercial 5G Network in the MENA
Effortless Everywhere: The Rolls-Royce Cullinan
Bremont Celebrates the History of Military Aviation with New Addition to Classi...