“Eighty-six percent of executives surveyed by Accenture “anticipate that the pace of technology change will increase rapidly or at an unprecedented rate in their industry over the next three years.” AI that automates routine tasks can allow you to complete “busy work” at lightning speed. AI that “reads” documents can make finding the thing you…
Tag: jobs
Former Google CEO ‘absolutely convinced’ AI will create ‘huge jobs shortage’
“I’m absolutely convinced that there’s going to be a huge job shortage,” he told Maria Bartiromo on Tuesday. ”And by that I mean not enough people to fill the jobs that are open because of this.” “There’s no question that it’s disruptive,” he added. ”This is not a job killer. This is a job creator.”…
Global business value of AI in banking forecast to reach $300bn by 2030
“In 2018, the business value of AI was estimated to be $41.1bn, which includes the cost savings and efficiencies of introducing AI technology compared to keeping existing infrastructures and processes. North America is tipped to be the biggest market for AI in banking between 2018 and 2023. The business value of AI in this region…
IBM’s Artificial Intelligence Strategy Is Fantastic, But AI Also Cut 30% Of Its HR Workforce
“Today and under Rometty’s leadership, IBM headcount has dropped approximately 25%. There are now less than 350,000 people. How? In part, artificial intelligence. I agree. Every role in the corporate hierarchy will in one way, shape or form be affected by the introduction of AI over time. She went on to say that job losses…
AI Is On Track To Send Millions Of Bank Workers To Eternal Call Waiting
“Bankers hope to eliminate most customer service reps by digitizing the processes they perform. You might have noticed the prevalence of self-service menus online. With the right software, it’s easy to cancel a lost credit card without ever talking to anyone. The next step is implementing the right AI software, to help assist customers who want…