Education and vocational programs in Australia will need to change to accommodate the increasing use of artificial intelligence (AI) in occupations that require mental agility, according to a new assessment.
New research from the Future Skills Organisation (FSO) and Mandala Partners sheds light on how AI is already changing the face of the Australian employment and educational system. Jobs that rely heavily on cognitive abilities are about to undergo a dramatic transformation, according to an in-depth investigation that investigates the fast adoption of AI in several industries.
Immediate action is required to modernize vocational and higher education, according to the study. It highlights the need for vocational credentials and conventional bachelor’s degrees to adapt to the needs of an AI-driven labor market. Since AI is expected to have the greatest impact on industries like marketing, communications, accounting, business, and project management, this shift is very important in those areas.
The character of work is about to see a dramatic shift due to the growing prevalence of automation and job augmentation. The CEO of FSO, Patrick Kidd, stresses how critical it is for Australia to be ready for these major changes. He stresses that AI has the ability to change the face of content production and consumption while also reshaping corporate procedures.
The paper also stresses the possible monetary gains from using AI. By 2030, Australia’s economy may benefit from artificial intelligence to the tune of $115 billion (US $75 billion) every year. During times of high inflation and slow productivity growth, this gain is anticipated to be mainly caused by improved efficiency in automating mundane jobs.
Kate Pounder, CEO of the Tech Council, agrees and stresses the importance of this increase in economic output. As a result of rising unit labor costs, which have been associated with slowing productivity development, living standards have taken a hit. In order to tackle these issues, artificial intelligence (AI), particularly generative AI, is seen as crucial.
In order to provide clear rules, encourage ethical AI activities, and improve labor skills, this alliance is essential. The two industries must cooperate together to take advantage of a highly trained IT workforce, improve digital infrastructure, and speed up the use of cloud computing.
In order to take use of all the possibilities that generative AI has to offer, Ms. Pounder says that its adoption must be rapid and done responsibly. With this strategy, Australia can keep leading the way in artificial intelligence development and implementation.
The research from FSO and Mandala Partners is a warning and a guide for Australia as it is about to undergo a massive digital revolution. It stresses the need to become ready for the massive changes that artificial intelligence (AI) will bring to the educational system and the workforce, as well as embrace AI’s disruptive potential. Australia can transform the AI threat into an opportunity for innovation and economic development with the appropriate strategy and partnerships.
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