New research from IDC titled “The Global Impact of Artificial Intelligence on the Economy and Jobs,” predicts that business spending to adopt artificial intelligence (AI) will have a cumulative global economic impact of $19.9 trillion through 2030 and drive 3.5% of global GDP in 2030.

According to the research, in 2030, every new dollar spent on business-related AI solutions and services will generate $4.60 into the global economy in terms of indirect and induced effects. This is determined by:

• Increased spending on AI solutions and services driven by accelerated AI adoption

• Economic stimulus among AI adopters, seeing benefits in terms of increased production and new revenue streams

• Impact along the whole AI supply chain, increasing revenue for the providers of essential supplies to AI solutions and services providers

The majority of respondents to IDC’s “Future of Work Employees Survey” expect some (48%) or most (15%) parts of their work to be automated by AI and other tech over the next two years, while only a minority (3%) of employees expect their jobs to be fully automated by AI.

The survey reveals that while some work will be negatively impacted by the proliferation of AI, new positions such as AI Ethics Specialists and AI Prompt Engineers will emerge.

The research hints that a “human touch intensity,” combined with the level of “task repetitiveness,” will inform organizations about roles that can be automated and replaced by AI versus those where the technology will be utilized to augment human capabilities.

As such, positions where human social and emotional capabilities are critical, such as nursing, will grow exponentially. This also includes roles where decision-making involves ethics and comprehension beyond numbers.

“Understandably, we’re all curious to know if AI will replace our jobs,” said Rick Villars, group vice president, Worldwide Research, IDC.