According to the research, as structural issues begin to limit growth, business leaders are urging policymakers to align strategies and revamp workforce development.

Ibec, the group representing Irish businesses, has issued a new report, in partnership with professional services firm Accenture, exploring the correlation between workplace AI and consistent learning strategies,

The Skills for all, Skills for life report warned that unless there is a deliberate shift in the national approach to lifelong learning, Ireland will fail to capitalise on the long-term economic potential of AI. As it stands, Ibec found that 64pc of roles are going to require significant reskilling.

The report suggested that by failing to proactively and adequately reskill the workforce in support of a transitioning workplace environment, a massive portion of the country’s competitive advantage could be put at risk, hindering Ireland’s ability to benefit from the multi-billion euro opportunity being created by AI.

AI is redefining occupational tasks, impacting roughly 82pc of working hours in Ireland. As a result, the workforce has to respond and adapt quickly, prioritising strategic investment, as “ leaders cannot afford to defer spending for a future crisis’, when the disruption to the workforce is “happening right now”.