AI to replace 5% full-time tech roles annually in five years: Experts
“If you look at the larger tech ecosystem, there is always a dearth of engineering talent. So, if certain jobs are automated, it will not mean that people will become jobless, just that they work on more value-added work elsewhere,” said Casey.
According to a June study by McKinsey Global Institute titled Generative AI and the Future of Work in America, an estimated 12 million occupational transitions may be required in the US alone by 2030. The maximum impact on productivity will be in areas of marketing and sales. It will also have a significant impact in functions like customer operations, product development and software development.
Outsourcing expert Pareekh Jain estimates about 5% FTE roles annually to mature to newer roles as they are replaced by AI tools.