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Artificial Intelligence (AI) is revolutionizing the job market in Cyprus, promising higher salaries and new opportunities. Chief Scientist Demetris Skourides emphasizes the need for Cyprus to focus on education in STEM fields and to invest in workforce upskilling. To harness global growth, the country must significantly increase its rate of AI adoption and reskilling over the next five years.
AI is reshaping various sectors, particularly financial services, healthcare, and automotive, with potential salary increases of 30% for workers skilled in AI. Despite the promising landscape, digitization in Cyprus lags behind other developed nations, presenting a significant opportunity for growth. The government is already taking steps to support this transformation through training programs and partnerships with local universities.
• AI skills can lead to a 30% salary increase for workers.
• Cyprus needs to quadruple AI adoption and reskilling efforts.
AI is transforming workplaces in Cyprus, offering better salaries and opportunities across various sectors.
Skourides emphasizes the need for Cyprus to quadruple its reskilling efforts to keep pace with AI advancements.
Focusing on STEM education is crucial for Cyprus to develop a workforce capable of leveraging AI technologies.
AWS is relevant in the context of AI skills training, as it offers resources that can enhance workforce capabilities in Cyprus.
is a technology company known for its social media services and investments in AI. The rise of AI-related job positions in companies like Meta highlights the growing demand for AI skills in the job market.
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