Pickering, however, noted that the projected impact of AI-led transformation “hasn’t happened” so far.
“There is no clear evidence that generative AI tools have lifted productivity growth, with forecasts revised down consistently in recent years,” the economist noted.
Despite this, adoption of AI is expected to continue. By the end of last year, 5.8% of Australian job postings mentioned AI in their job descriptions. This is double the 2.8% a year earlier.
Occupations in the data and analytics industry posted the highest share of job ads mentioning AI in their job descriptions, according to the report. 