Loading...

AI Expected to Drive Job Creation and Salary Increases in Energy Sector

TL;DR

  • Professionals in the energy sector see AI boosting job demand and salaries, but they worry about its lack of a human touch and cybersecurity risks.
  • Many workplaces lack clear AI policies, and some workers are unsure if their employers have any.
  • While optimism about AI’s impact is high, challenges like uncertainty over tools and low investment remain barriers to widespread adoption in the energy industry.

The latest findings from the eighth annual Global Energy Talent Index (GETI) report by Airswift indicate a notable shift in perception regarding the impact of artificial intelligence (AI) on the job market within the energy industry. Contrary to prevailing beliefs, over 90% of surveyed professionals anticipate AI to bolster the demand for human skills, from technical prowess to creativity and problem-solving abilities. Additionally, nearly half of respondents—nearly half, equating to 46%—foresee AI implementations correlating with increased salaries.

The survey, encompassing insights from 12,000 professionals across 149 countries, outlines various perceived benefits of AI integration in the workplace. Foremost among these benefits is the anticipated boost in productivity, as attested by 74% of respondents. Moreover, 60% believe AI will enhance their career prospects and job satisfaction. Notably, over half of the participants (54%) express optimism regarding improved work-life balance, citing AI’s potential to streamline tasks and allocate more leisure time.

AI concerns and barriers

Despite the prevailing optimism, professionals voice apprehensions regarding AI’s implications in the workplace. Chief among these concerns is the perceived lack of human touch associated with AI, cited by 42% of respondents. Additionally, worries regarding potential misuse or inadequate adoption due to insufficient training are echoed by 33% of surveyed individuals. Cybersecurity risks are also a point of contention, with 30% expressing concerns over potential vulnerabilities.

Furthermore, the survey underscores a notable deficit in AI policies across workplaces. Half of the respondents indicate the absence of AI policies in their respective organizations, with 17% uncertain about the existence of such protocols. Among those affirming the presence of AI policies, only 52% confirm coverage of vital topics like data protection and security.

Professionals identify several barriers hindering widespread AI adoption, including uncertainty regarding suitable AI tools and a perceived lack of investment. Despite these challenges, the prevailing sentiment remains optimistic, with 82% of respondents expressing positivity about AI’s transformative potential in the energy sector.

While 82% of energy professionals express optimism about AI’s potential, significant barriers hinder its widespread adoption. Among these obstacles are uncertainties regarding which AI tools to use and a perceived lack of investment in AI initiatives. These challenges contribute to a slower pace of AI integration within the energy sector, with only 24% of workers in the oil and gas industry currently utilizing AI technologies in their roles.

Surprisingly, half of the respondents in the GETI survey report that their workplaces have no established AI policies. This ambiguity leaves 17% uncertain about whether their employers have any guidelines regarding AI usage. Even among those with policies, only 52% confirm coverage of crucial topics like data protection and security, highlighting a need for clearer regulations.

Sector-specific insights

The survey delves into sector-specific perceptions regarding AI integration. Notably, professionals within the nuclear energy sector exhibit a particularly enthusiastic outlook, with 69% anticipating AI to drive productivity gains over the next two years. Conversely, oil and gas sector individuals report the lowest levels of AI integration, with only 24% incorporating AI technologies into their roles.

The GETI report sheds light on the evolving landscape of AI adoption within the energy industry, revealing a nuanced perspective among professionals. While optimism regarding AI’s potential benefits abounds, concerns regarding its impact on job dynamics, cybersecurity, and policy frameworks persist. As the industry navigates these challenges, proactive measures to address skill gaps, enhance cybersecurity protocols, and foster a culture of responsible AI adoption will be essential in maximizing the technology’s potential to drive innovation and sustainable growth.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

James Kinoti

A crypto enthusiast, James finds pleasure in sharing knowledge on fintech, cryptocurrency as well as blockchain and frontier technologies. The latest innovations in the crypto industry, crypto gaming, AI, blockchain technology, and other technologies are his preoccupation. His mission: be on track with transformative applications in various industries.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Health Information
Cryptopolitan
Subscribe to CryptoPolitan