UK business leaders view Generative AI (GenAI) as a catalyst for change.
- A majority believe it will not reduce job numbers.
- GenAI is expected to enhance the skill levels of the workforce.
- The technology offers opportunities for job reallocation.
- KPMG research underscores these positive perspectives.
In the United Kingdom, business leaders are increasingly recognising the potential of Generative AI (GenAI) to act as a significant catalyst for transforming the nature of work. Rather than anticipating a reduction in the number of available positions, executives are optimistic about the technology’s ability to drive innovation and enhance workforce capabilities.
According to a recent study by KPMG, an overwhelming 71% of UK chief executives, alongside 76% of their global counterparts, have expressed confidence that GenAI will not result in a fundamental decrease in jobs. Instead, they foresee a landscape where technological advancements will lead to the redeployment of existing jobs, thus nurturing a more robust and adaptable workforce.
The ability of GenAI to upskill employees is particularly emphasised, with many leaders acknowledging that the integration of such cutting-edge technology into business operations presents opportunities for staff development and skill enhancement. By leveraging these advancements, organisations are poised to foster a workforce that is not only more efficient but also more adept at navigating the complexities of an evolving job market.
Furthermore, the strategic reallocation of jobs made possible by GenAI is perceived as a compelling advantage. Business leaders anticipate that this could lead to the creation of new roles, thereby offsetting potential job displacements while simultaneously addressing skill gaps that may arise in the future.
KPMG’s findings shed light on the positive disruption that GenAI is anticipated to have across various industries, reinforcing the notion that technological progress, when strategically implemented, can serve as a robust tool for workforce development and economic growth.
KPMG’s research highlights GenAI as a transformative force with the potential to both reshape and strengthen the workforce without diminishing job numbers.
