{"id":10315,"date":"2024-04-04T09:05:47","date_gmt":"2024-04-04T09:05:47","guid":{"rendered":"https:\/\/topat10.com\/?p=10315"},"modified":"2024-04-04T09:05:47","modified_gmt":"2024-04-04T09:05:47","slug":"exclusive-fears-of-ais-impact-on-workforce-upskilling-is-bringing-together-nine-of-the-worlds-biggest-tech-companies-heres-what-you-need-to-know-about-their-new-consortium","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=10315","title":{"rendered":"EXCLUSIVE: Fears of AI\u2019s impact on workforce upskilling is bringing together nine of the world\u2019s biggest tech companies. Here\u2019s what you need to know about their new consortium"},"content":{"rendered":"\n

If you\u2019re part of the tech workforce, you\u2019d better fasten your seatbelt. Because it\u2019s going to be a rocky ride.<\/p>\n

\n

The World Economic Forum (WEF) expects<\/a> that nearly a quarter of global jobs will change over the next five years in part thanks to AI. And the International Monetary fund\u2019s (IMF) predictions<\/a> go even further, with an expected 60% of jobs in advanced economics being exposed to the technology.<\/p>\n

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While these may not sound like a lot on paper, this translates to billions of affected lives\u2014and the tech companies know it.<\/p>\n

That\u2019s why starting today, nine of the world\u2019s biggest tech companies are joining forces to tackle AI\u2019s impact on the tech workforce through a new consortium: the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium.<\/p>\n

Led by Cisco and joined by Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft, and SAP, the group is hoping to be able to stay ahead of the rapidly growing and moving AI wave by recommending skilling and upskilling opportunities to ensure workers can adapt.\u00a0<\/p>\n

Many of the companies already have existing skills training goals, totaling to more than 95 million individuals over the next 10 years, including Intel and IBM commitments specifically relating to AI<\/a>. But as Francine Katsoudas, the chief people, policy and purpose officer at Cisco<\/a>, admits\u2014all of the various paths can be overwhelming for learners. This, in part, contributed to the companies realizing they cannot truly tackle AI\u2019s impact on the workforce alone.\u00a0<\/p>\n

\u201cWhat\u2019s unique about this moment is I think it\u2019s really how AI from a technology perspective is coming together,\u201d Katsoudas tells Fortune<\/em>. \u201cAnd I think for all of us, there\u2019s this realization that for those that perhaps are not connected, for those who have been impacted by the digital divide, there\u2019s risk here if we don\u2019t move forward a bit faster.\u201d<\/p>\n

The consortium also includes six advisors, including the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) and Khan Academy<\/a>.<\/p>\n

Across the board disruption\u2014from truck drivers to software engineers<\/h2>\n

The formation of the consortium was inspired by talks facilitated within the U.S.-EU Trade and Technology Council Talent for Growth Task Force, of which Cisco CEO Chuck Robbins<\/a> was a member.<\/p>\n

In a statement to Fortune<\/em>, U.S. Secretary of Commerce Gina Raimondo says her department is focused on helping boost good-quality and high-paying jobs of the future\u2014something that the consortium will only support.<\/p>\n

\u201cI am grateful to the consortium members for joining in this effort to confront the new workforce needs that are arising in the wake of AI\u2019s rapid development. This work will help provide unprecedented insight on the specific skill needs for these jobs. I hope that this consortium is just the beginning, and that the private sector sees this as a call to action to ensure our workforces can reap the benefits of AI,\u201d Raimondo says.<\/p>\n

Collectively, the nine consortium companies employ more than 1.75 million people and have over $805 billion in annual revenue, according to Fortune 500 data<\/a>.<\/p>\n

\u201cWe have this very exciting new technology that companies all over the globe are rushing to figure out how to utilize,\u201d says Hannah Calhoon, head of AI innovation at Indeed. \u201cAnd we know that it\u2019s likely to be particularly impactful to the day-to-day work of folks in technology fields.\u201d<\/p>\n

The consortium\u2019s first phase of work will focus on evaluating AI\u2019s impact on dozens of information and communication technology job roles and provide actionable training insights for business leaders and workers.<\/p>\n

\u201cWe recognize that we have to create pathways for our people. And the more that we can actually leverage AI, in how we do this, I think will start to really impact career journeys,\u201d Katsoudas tells Fortune<\/em>.<\/p>\n

Nearly 1 out of 5 (19.8%) jobs on Indeed<\/a> are considered to be \u201chighly\u201d exposed to generative AI, meaning the technology is believed to be good or excellent at performing at least 80% of that job\u2019s skills.<\/p>\n

By working together with companies directly, Indeed hopes to be able to understand what jobs employers are seeking to fill and what skills are needed for the future\u2014that way they can best help best match job seekers with positions, says Calhoon.<\/p>\n

She adds that there is a much greater expectation that disruption caused by AI will be within more white collar fields.<\/p>\n

\u201cEvery job will seem to see some level of disruption, from truck driver to software engineer,\u201d Calhoon explains.<\/p>\n

A future with upskilling<\/h2>\n

More than half (58%) of workers believe the skills their job requires will change significantly over the next half decade, according to the WEF<\/a>.<\/p>\n

While Calhoon says there are many paths toward upskilling with AI, a large slate of courses today focus on broad topics like machine learning or large language models. Alternately, an increase of functionally-specific courses, such as AI for marketers or healthcare worker, would be useful and cater more toward practical use. <\/p>\n

\u201cThe vast, vast majority of us are instead going to be thinking about: \u2018how do I leverage AI tools that someone else has built effectively in my day to day work?\u2019\u201d Calhoon says.<\/p>\n

In order for teams to stay ahead of the curve, constant training and upskilling is going to be important for those working in tech\u2014with companies at the front of the table encouraging it, Katsoudas says.<\/p>\n

\u201cWe\u2019ve seen that talent is worried about their future and so what this means to an employee in any one of our companies is that we\u2019re going to be able to provide more structure, more guidance and support to really help all of us navigate some of the changes that are coming,\u201d she says.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

If you\u2019re part of the tech workforce, you\u2019d better fasten your seatbelt. Because it\u2019s going to be a rocky ride. The World Economic Forum (WEF) expects that nearly a quarter of global jobs will change over the next five years in part thanks to AI. And the International Monetary fund\u2019s (IMF) predictions go even further, […]<\/p>\n","protected":false},"author":361,"featured_media":10316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[123],"tags":[],"class_list":["post-10315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nEXCLUSIVE: Fears of AI\u2019s impact on workforce upskilling is bringing together nine of the world\u2019s biggest tech companies. 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Fore","author_link":"https:\/\/topat10.com\/?author=361"},"uagb_comment_info":0,"uagb_excerpt":"If you\u2019re part of the tech workforce, you\u2019d better fasten your seatbelt. Because it\u2019s going to be a rocky ride. The World Economic Forum (WEF) expects that nearly a quarter of global jobs will change over the next five years in part thanks to AI. And the International Monetary fund\u2019s (IMF) predictions go even further,…","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/10315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/users\/361"}],"replies":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10315"}],"version-history":[{"count":0,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/10315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/media\/10316"}],"wp:attachment":[{"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}