APX Charts, page-686

Australia is too stupid to understand the technology but once it comes it will be like a wet blanket. Even Asian blogs are saying "grow a brain Australia"

https://techwireasia.com/03/2024/are-aussies-dismissing-the-potential-of-generative-ai/

• Many Australians remain skeptical about the effects of generative AI on their careers.
• A significant gap in areas like generative AI and cybersecurity poses challenges for employers and employees alike.
• Australian businesses and the workforce must adapt to the evolving digital landscape through strategic training and the development of new skills.

Generative AI’s marketing narrative has caught everyone’s attention, heralding a new era where it reshapes business strategies, particularly in learning and development. This comes at a critical juncture, where acquiring digital skills is beneficial and essential for businesses and their workforce. However, a recent study has highlighted a surprising trend: many Australians seem to underestimate the impact this technology could have on their professional lives.
A collaborative study conducted by RMIT Online and Deloitte Access Economics has shed light on an alarming gap in Australians’ understanding of generative AI’s potential to disrupt existing job roles. This lack of awareness is especially concerning, given the rapid pace of digital transformation across industries.
The skills gap in digital competencies among both employers and employees is becoming increasingly apparent. Employers have noted a particular shortage in digital skills within their organizations, with a significant emphasis on generative AI, machine learning, data science, coding, and cybersecurity. This scarcity has led businesses to offer a considerable premium for these in-demand skills. Meanwhile, employees have acknowledged an even more acute shortage of digital skills, exacerbating fears about future job security in the face of emerging technologies.