FOBO, or fear of becoming obsolete, is the new business buzzword. Here's what you need to know.
Briefly

The term FOBO (Fear of Becoming Obsolete) gained significant attention at this year's Davos, highlighting employees' anxieties regarding AI's rapid evolution outpacing their skills development. A Gallup poll indicated that 22% of US workers fear job redundancy due to technology, up from 15% in 2021. Experts emphasized the need for businesses to invest in upskilling initiatives rather than solely focusing on acquiring AI tools. Singapore's president warned of an impending jobs crisis, urging a collaborative effort to enhance worker skills to ensure AI serves as an aid, not a replacement.
Just giving people access to Chat GPT, won't get you a return. Adoption rates tend to be low when workers are just handed a tool.
A global jobs crisis is looming…governments and employers must continually invest in workers to ensure AI complements their skills.
Read at Business Insider
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