Portugal could boost productivity if third of workforce trained in AI, study shows
LISBON - Portugal must retrain 1.3 million workers, or around 30% of its employed population, to work with generative artificial intelligence in order to close the productivity gap with the European Union's average by 2030, a study showed on Monday.
The study released by consulting firm McKinsey points to a potential sharp increase in that contribution to 3.1% by 2030, in line with the projected EU's average then, if the country quickly adopted automation and generative AI technologies, priming its workforce for the change. "It is a unique opportunity for the country to compete directly with the developed economies of the world in terms of growth," McKinsey senior partner Duarte Begonha said.
"The big investment will be in changing processes, procedures and ways of working," he said, explaining that for every euro invested in generative AI technologies it will be necessary to invest 3 euros in managing the change in organisations.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harry And Meghan Enjoying Portugal Getaway With Princess EugeniePrince Harry and Meghan Markle are reportedly spending time in Portugal with close relatives, Princess Eugenie and her husband Jack Brooksbank. The couple has been seen at a luxurious resort in Melides, about an hour south of Lisbon.
Read more »
Cristiano Ronaldo scores again in Portugal's Nations League win, Spain beats DenmarkCristiano Ronaldo scored his 133rd international goal to keep Portugal perfect in the Nations League with a win over Poland while Spain edged Denmark, 1-0.
Read more »
Stop the Corporate Arsonists Torching Portugal and the PlanetLeonor Canadas is an activist in Climaximo, a grassroots climate justice movement based in Lisbon. She has a degree in agricultural engineering and is finishing a European Master's in organic agriculture, specializing in tropical and subtropical agriculture.
Read more »
Prince Harry and Meghan Markle's Portugal House Has a Sweet Royal ConnectionPrince Harry and Meghan Markle are reportedly buying a house in Portugal, close to one of the royal family members. See who, here.
Read more »
Ronaldo held scoreless as Portugal's perfect Nations League record ends after draw with ScotlandCristiano Ronaldo was held scoreless and Portugal lost its perfect record in the Nations League after a 0-0 draw at Scotland. Portugal had won its first three matches in the competition but couldn’t find a breakthrough against the Scots at Hampden Park in Glasgow.
Read more »
Lessons Learned Abroad: Three Things America Can Learn From PortugalAfter a trip to Portugal, the author highlights three practices they observed that could benefit America: reducing plastic waste through reusable bottles, adopting fresh juice over pasteurized options, and promoting multilingualism in education.
Read more »