“Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, Bloomberg reported. The greatest impact is anticipated to be seen among non-client-facing positions in global service centers, but the evaluation is only in an early stage, according to…
Tag: ai job loss
AI won’t end work for bankers — it will redefine it
“Just as the steam engine freed workers from drudgery, the assembly line created new industries, the computer unlocked entire careers, AI is set to redefine the value of labor. The short-term friction of labor reshuffling is real, but in the long run, innovation has always left us better off, not worse… This is not a…
What Role Will (Or Does) Artificial Intelligence Play In Your Life?
“AI today is similar to the introduction of the desktop computer three decades ago. Many people resisted computers and got left behind. What’s the best argument for AI today? If you can write instructions for a task so that someone can follow them, then AI can replicate those actions. Not only can your company exist…
Humans to be working alongside robots in retail within 5 years – Gartner
“Gartner predicts at least two of the top 10 global retailers will establish robot resource organisations to manage non-human workers by 2025 Gartner research shows 77% of retailers plan to deploy artificial intelligence (AI) by 2021, with the deployment of robotics for warehouse picking as the number one use case.” https://www.google.com/amp/s/futurefive.com.au/amp/story/humans-to-be-working-alongside-robots-in-retail-within-5-years-gartner
Commentary: Preparing for the AI Revolution
“Technological progress in the 2010s was defined by smartphones and cloud computing. The 2020s will surely be defined by accelerated progress in artificial intelligence. An Oxford Economics report predicted 20 million jobs will be lost in the global manufacturing sector, with one industrial robot replacing an average of 1.6 workers. Local leaders are taking steps…