Gen Xers most likely to benefit from generative AI
About 60% of Gen Xers (ie people born between 1965 and 1980) in Ireland have occupations where generative AI can complement or transform the work they do, followed by 56% of millennials (born between 1981 and 1996) and 52% Gen Zers (1992-2012), according to the latest Labour Market Pulse report from the IDA in association with LinkedIn and Microsoft.
Subtitled Unlocking the Future: Ireland’s Prosperity with Generative AI, the report focused on how generative AI can unlock the potential of Ireland’s workforce and the AI skills that will be central to enhancing the global competitiveness of Irish businesses.
According to data based on 2 million Irish profiles on LinkedIn, the Technology, Information & Media sector is has the greatest potential to harness generative AI tools and technologies, with 72% of occupations capable of bringing in generative AI to transform key responsibilities. This was followed closely by the Financial Services sector (70%) and Professional Services (63%).
Data skills, digital problem solving, and digital communication and collaboration were identified by LinkedIn as some of the core AI skills required by workers across all industries and functions. As generative AI tools are adopted by industry, skillsets required will continue to change.
Upskilling and reskilling among the current and future workforce will be vital to harnessing the opportunities presented by generative AI and to maintaining Ireland’s competitiveness in the era of AI.
Developing these skills in the workforce will enable businesses in Ireland to apply generative AI to generate new levels of insight, drive efficiencies, increase productivity and improve how people experience work.
Commenting on the Labour Market Pulse, Michael Lohan, CEO of IDA Ireland said: “An AI-enabled workforce is now critical to transforming our enterprise base and supporting future investment to Ireland. The latest Labour Market Pulse, delivered in partnership with Microsoft and LinkedIn, provides important insights into Ireland’s readiness to embrace the transformative and ground-breaking power of generative AI.
“With AI set to transform a wide range of industries and occupations, leaders will need to be proactive in upskilling their workforce to develop the AI skills and knowledge necessary to leverage the technology. By continuing to invest in upskilling opportunities, we can unlock the true potential of Ireland’s workforce and ensure we remain a highly attractive location to do business well into the future.”
Head of LinkedIn Ireland Sue Duke added: “The skills that professionals need to thrive in an AI-powered world of work are dramatically changing. We expect to see a 73% change in skills needed in the Irish workforce by 2030, up from a 54% change expected before the rise of generative AI. By policy makers, companies and professionals focusing now on building the right skills in the workforce to adopt and complement generative AI, we have the opportunity to be at the forefront of this transformation and maximise its potential for Ireland’s economy.”
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