As we step into 2024, the influence of Generative AI spans across various domains, from coding and product design to marketing and scientific research. The collaborative efforts of automation and Generative AI are projected to mechanize 30% of today’s working hours by 2030, according to McKinsey. However, this wave of automation is not uniform, and its impact on women in the workforce deserves closer examination.
Let’s take another look at the topic, drawing inspiration from the thoughts shared on Womenshine by Srishti Baweja, the COO & Whole Time Director at E2E Networks Limited.
AI and Job Displacement: A Gendered Perspective
A report by the International Labor Organization highlights the disproportionate risk women face in job displacement due to AI. While 4-8% of female jobs globally are at stake, the corresponding figure for men is 1-3%.
‘AI will also lead to the creation of new jobs in STEM – so women need to think about how the future of work is going to be impacted by artificial intelligence and machine learning and how to use AI to their advantage.’ - Srishti Baweja
This potential shift in the job landscape could affect around 300 million full-time positions, with legal and administrative roles facing the highest vulnerability.
Optimism Amidst Challenges: AI's Productivity Boost and New Opportunities for Women
Despite the challenges, there are optimistic projections. The same report suggests that AI has the potential to boost global labor productivity, projecting a potential 7% increase in annual global GDP. Moreover, the rise of new jobs in STEM fields could provide opportunities for women to leverage AI to their advantage.
Human-Centric Industries: A Shield Against AI Impact
Certain industries focusing on human-centric tasks, such as nursing, teaching, childcare, and aged care, seem less susceptible to AI's impact. These fields, predominantly staffed by women, highlight the importance of tasks requiring a uniquely human touch.
‘And the ILO report says that 82% of clerical job tasks are exposed to the risk of AI automation.’ - Srishti Baweja
However, clerical roles, including office support, accounting, customer service, and food service, face exposure to AI automation risks. Despite this, reskilling remains a viable strategy for transitioning to new roles.
Emerging New Jobs: Embracing AI-Prominent Roles
The shift towards AI is creating opportunities for positions demanding intricate problem-solving, critical thinking, creativity, and advanced technical skills. Roles such as prompt engineering, where individuals write text to test AI chatbots, and positions like AI trainers or ethicists are experiencing growth in demand.
AI in Hiring: Transforming the Recruitment Landscape
A notable transformation facilitated by AI is in the hiring process. Employers can harness Generative AI to evaluate candidates based on their learning capacity, attitude, and transferable skills, rather than solely relying on past experiences.
‘Instead of, say, relying solely on prior experience that matches the responsibilities of an open role, businesses can evaluate candidates on their capacity to learn, their attitude, and their transferable skills.’ - Srishti Baweja
An academic study found that AI tools in recruitment substantially increased the number of women considered in the top 10% of candidates, potentially reducing gender bias in hiring processes.
Solving the STEM Gender Gap: Empowering Women in AI
However, addressing the gender gap in STEM remains a crucial challenge. The AI workforce currently exhibits a significant gender disparity.
‘Only 18% of authors at leading AI conferences are women and more than 80% of AI professors are men (UNESCO report). Data from the World Economic Forum reveal that while nearly half of all workers are women (49%), only 29% work in STEM roles.’ - Srishti Baweja
To ensure inclusivity and prevent unintentional biases in AI technologies, more women are encouraged to pursue training and upskilling in data science. Bridging this gap requires collaborative efforts from governments, organizations, and women themselves to create an equitable and inclusive AI-driven future.