Artificial Intelligence (AI) has become a major force in the job market, with the potential to displace 85 million jobs from 2020-25, according to the World Economic Forum. However, AI also has the potential to improve working lives and create new jobs. For example, the Centre for Business and Industry Transformation (CBIT) at Nottingham Business School has secured a project named BeefTwin, which uses AI to create digital twins of livestock. This project aims to balance environmental sustainability, economic viability, and social responsibility in the beef industry. Farmers involved in the project are gaining skills as tech operators, monitoring animal health and environmental conditions in real-time. AI adoption has created higher-value jobs in the industry. AI tools have become essential for business success, particularly for entrepreneurs at the forefront of innovation. Using AI to automate certain tasks allows entrepreneurs to focus on higher-value activities, creating new jobs. One example of this is an air purifying tech company that CBIT has worked with.
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