Wednesday, November 27, 2019

Artificial Intelligence Not Seen As A Job-Killer, Yet


Executives don’t see many job cuts ahead of a result of tasks being replaced by AI. Is this a realistic perception?
A recent survey of executives out of IFS tackled issues of AI perception, finding a few business leaders predict worker displacement by AI. Close to half, 46%, predict AI will actually increase headcounts over the coming decade, while 25% predict no changes at all to workforce sizes. Only 18% see AI as a tool for replacing workers.
There are many high hopes for AI — 61% see it boosting the productivity of their workforces. Another 48% also see AI as adding value to their products and services. While a majority anticipate productivity increases from AI, only 29% say such increased productivity will reduce headcounts over the next 10 years. “Respondents did not make the connection between increased productivity and reduced headcount,” the report’s authors suggest.

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