AI Jobs and Other Future Jobs Expected to Expand Fastest in the Next Five Years
In recent years, technological breakthroughs, especially AI and ML, have had a big impact on labor-market transformations. The rise of AI in late 2022 meant a new dawn for generative artificial intelligence (AI) and led to industry-wide disruptions. Industries are fast adopting three main technologies - big data, cloud computing, and AI. As per the ILO report, over 75% of companies will be adopting at least one or all of these technologies in the next five years. AI jobs have been seeing a rise in the last few years but the promising time has arrived now.
People wanting US jobs or their dream Google jobs or Amazon jobs, know how important it is to match pace with the technological advancements. With employees focused more on remote jobs and work from home jobs, technology skills prove to be the best means.
Employers are strategizing to hire the best talent who possess the right technology skills and with it, analytical thinking and creative thinking skills. These two soft skills will be the leading criteria for employers to decide on someone’s final selection. It’s clear that employers are looking for smart workers who go beyond their technical skills and also show problem-solving and analytical skills.
Data says that to match pace with AI and other tech advancements, 60% of workers will require training in the next 3 years. But only 50% of workers have access to the right training opportunities today. This presents a very challenging situation where high-skilled workers in AI and other technology fields will excel in their careers.
This is mainly due to two factors - 1. The growth in AI use across industries and 2. lack of training access and upskilling and upgrading of the current manpower. This presents a host of opportunities for the workers who can present themselves as the best fit in futuristic job demands - education, soft skills, technical skills, and experience. They are set to reap the maximum benefit of technological advancements.
Let's find out the top ten jobs that will expand the fastest in the next 5 years and provide the best opportunities to the workers.
AI jobs and other roles predicted to expand fastest in the next 5 years
Fintech engineer jobs (31% growth)
Fintech engineers specialize in the development and implementation of financial technology solutions. A 31% growth projection for fintech engineer jobs comes from the huge requirement in the industry for roles that can play roles in innovating and improving digital financial services.
Some of these include mobile banking, payment systems, and blockchain technology to enhance credit, savings, remittances, and insurance fields. The increasing reliance on digital financial services, blacked by a boom in e-commerce, and the evolution of financial technology are the main contributors to the high demand for fintech engineer jobs.
Information security analyst jobs (31% growth)
Cybersecurity has been in the spotlight for a long time now. Increasing data breaches and hacking in the digital environment have led to a high demand for cybersecurity professionals. Information security analysts in the cybersecurity field play a vital role in safeguarding an organization's IT systems from cyber threats.
The 31% information security analyst role growth reflects the rising importance of cybersecurity in times when digital connectivity is at its peak and several large organizations including government departments have seen a surge in hacking incidents.
Another factor that has led to the surge in cybersecurity jobs is the expansion of remote work and work from home jobs. Almost every company is investing heavily in information security to protect their data.
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Business intelligence analyst (32% growth)
Business intelligence analysts analyze complex data sets to provide valuable insights for business decision-making. Management teams today rely heavily on business intelligence analysts to provide them with data that can lead to business growth with smart business decisions. The 32% growth underscores the growing reliance on data-driven strategies across industries. To gain a competitive edge, BI analyst jobs are being opened by every major company.
Sustainability specialist jobs (33% growth)
Beyond AI jobs, there is another great avenue that’s in huge demand. The world is facing a challenge that’s bigger than ever - global warming. There is an immediate need to adopt sustainable means in every business because the customers are more conscious than ever.
Sustainability specialists develop and implement environment-focused practices within organizations. With a 33% growth projection, sustainability specialist jobs hold the key to addressing global environmental challenges. The integration of sustainable practices into corporate strategies is important for business growth and this means a rise in demand for sustainability jobs.
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AI and machine learning specialist jobs (39% growth)
This is the biggest of all. AI jobs are in huge demand. That’s the big trend right now. OpenAI jobs, Amazon jobs, Google jobs, or anybody wanting US jobs - here’s the most promising field. AI and machine learning specialists create and implement algorithms and models for artificial intelligence applications. The 39% growth reflects the increasing integration of AI across industries for automation and data analysis. Demand for AI and machine learning (AI and ML) specialists is set to grow by 39%. In total, this will add one million jobs to the global economy.
If you are planning to do a course in AI and ML and want to have a future-proof career, this is the field to be in. One of the biggest examples to highlight the importance of AI integration in business is Coca-Cola. The company has implemented AI in the customer service process to enhance the service level.
Coca-Cola is also experimenting with ChatGPT to boost marketing capabilities and business operations,” as mentioned in its earnings report. Coca-Cola plans to use ChatGPT and DALL-E to take their marketing to the next level. The company aims to focus on using AI in business operations to build cutting-edge systems with the help of artificial intelligence (AI).
Overall, the growing demand for automation, predictive analytics, and other technological innovations is leading to an increase in AI jobs. With every big company like Amazon, Tesla, Apple, IBM, Microsoft, Nvidia, Intel, etc., offering AI jobs with high packages, the future is highly promising.
Let’s cover some other roles. It's no surprise though that they share a close relation with the core AI jobs. The next 5 jobs (ranked in order of future demand) are these. Most of these jobs are promising in the way that they can get you remote job opportunities and work from home jobs - something which most workers want these days. And if you upgrade yourself with AI skills, you can perform much better than usual in these roles.
Data analysts and scientists
Robotics engineers
Electrotechnology engineers
Agricultural equipment operators
Digital transformation specialists
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Jobs expected to decline swiftest in the next 5 years
AI jobs are on the rise. Things are bright in the technology field leading to a huge demand in various jobs but it is set to have a direct impact on other traditional jobs. It will lead to a decline in traditional jobs that can be replaced with AI. This also highlights why people often discuss AI replacing humans. These five jobs here will be the most negatively impacted due to the rise in technology, mainly artificial intelligence (AI).
Administrative and executive secretary (34% Decline)
Automation of administrative tasks is rampant after the introduction of ChatGPT by OpenAI. Generative AI is the next big thing and the increased use of digital communication tools is contributing to the projected 34% decline in demand for traditional secretarial jobs.
Data entry clerk (36% decline)
AI is set to replace this job in huge numbers. Advances in automation technologies and the use of data processing software are on the rise. This will lead to a big decrease in demand for manual data entry work. Clerical jobs are set to decline at a rate of 36% over the next five years.
Cashier and ticket clerk (37% decline)
The rise of self-checkout systems, online ticketing platforms, and contactless payment options (which have seen a boom after the pandemic) are the main factors contributing to the decline in demand for manual cashier and ticket clerk jobs.
Postal service clerk (40% decline)
The decline in traditional postal services due to the rise in digital communication and alternative delivery methods is known to everyone. This will lead to a significant 40% reduction in the demand for postal service clerks in the next five years.
Bank tellers and related clerks (40% decline)
AI in banking is disrupting the traditional job sphere. The banking sector is using AI heavily and also relying on other automation technologies. There has been an unprecedented Increase in the use of online banking and mobile financial services. This diminishes the need for in-person banking transactions. A 40% decline in demand for bank tellers and related clerks is predicted.
To conclude - AI jobs are on rise, and traditional jobs disappearing
With AI jobs growing at a rate of 40% and almost every traditional job like data entry, bank teller, and postal service declining at around 30-40% rate, it is time to accept the impact of AI on jobs. AI jobs are set to dominate the technology sphere and this means the time is ripe to build a career in AI and other technologies including business intelligence, data analysis, sustainability, etc. This is the time when you should start thinking about upgrading and upskilling yourself and getting access to the right training to make your career future-proof.
This applies to employers too - for organizations to march into a successful future, it is imperative to have employees who are technology-focused and at the same time, build soft skills like creative and analytical thinking. AI replacing humans is true for many jobs which can easily be shifted to automation and digitization.
The key is to accept that AI is the future and that AI jobs will dominate the job market. Also, for work from home jobs and remote jobs, technology skills are your best option. Most of the remote jobs today from top companies including Amazon jobs or Google jobs are in the technology field. Prepare yourself today for a brighter future.
