Elnur Aliyev: With development of technologies, 39% of skills required in work transformed

Automation and technological progress will lead to the reduction of 92 million jobs globally in the next 5 years, but 170 million new positions will be created in their place, Azerbaijan's First Deputy Minister of Economy Elnur Aliyev said at a conference on the topic "The Impact of Digitalization and Artificial Intelligence on Jobs," Report informs.

Aliyev said that, according to the World Economic Forum's report "Future of Jobs" for 2025, which is published annually on the eve of the Davos Forum, with the development of new technologies in the next five years, 39% of the required skills in the working environment will undergo a transformation.

The deputy minister noted that artificial intelligence and digitalization have already become the main topic of discussion not only at technology conferences, but also in our everyday lives.

"Advanced technologies increase productivity, automate repetitive and labor-intensive processes. As a result, people can focus on more creative and strategic work. However, adapting to dynamic transformation is not easy. The use of technologies changes socio-economic development, increases digital inequality between regions and leads to the decline of a number of professions. Therefore, many leading think tanks and technology companies conduct ongoing research to measure the future impact of technology on human life," he noted.

Aliyev also referred to the book by renowned technology expert, investor and writer Asim Azhar "Exponential. How Rapid Tech Development Is Changing Business, Politics and Society," noting that the speed of technological development is far ahead of the speed of society, the economy and political decisions.

"This rapid development creates an "exponential gap" - a gap between the potential of technology and the ability of public structures to respond to it," he concluded.