Digitalization is expected to claim some 3.4 million jobs in Germany within the next five years to be replaced by robots and AI algorithms by 2023, German IT association Bitkom said in a study. The study also predicts that — when it comes to German companies employing more than 20 people — every fourth firm will face the risk of disappearance due to digitalization. Bitkom warned that the good times might be coming to an end.
The organization's head Achim Berg cited the example of the telecommunications industry. The sector was among the first to be transformed by digitalization. In the 1990s, according to Berg, some 200,000 people were employed in the field of communications technology. Today, only 20,000 remain. "We have lost 90 percent of jobs in this sector in just 15 years," Berg told the newspaper, adding that employment at banks and insurance companies as well as chemical and pharmaceutical firms were digitalization's likely next targets. For example, tax advisors might soon be replaced by algorithms, while 3D printers could create dental molds rather than them being made by human dental technicians. Within the next two decades, according to Bitkom, half of the current job profiles will become obsolete.
http://www.dw.com/en/bitkom-digitalization-to-wipe-out-millions-of-jobs-in-germany/a-42429668
The organization's head Achim Berg cited the example of the telecommunications industry. The sector was among the first to be transformed by digitalization. In the 1990s, according to Berg, some 200,000 people were employed in the field of communications technology. Today, only 20,000 remain. "We have lost 90 percent of jobs in this sector in just 15 years," Berg told the newspaper, adding that employment at banks and insurance companies as well as chemical and pharmaceutical firms were digitalization's likely next targets. For example, tax advisors might soon be replaced by algorithms, while 3D printers could create dental molds rather than them being made by human dental technicians. Within the next two decades, according to Bitkom, half of the current job profiles will become obsolete.
http://www.dw.com/en/bitkom-digitalization-to-wipe-out-millions-of-jobs-in-germany/a-42429668
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