AI Replacing Jobs Statistics

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  AI could replace 300 million full-time jobs. 80% of the US workforce will have at least 10% of their tasks affected by AI. 77% of businesses are already using or exploring AI. 75% of Chinese citizens would replace politicians with AI. CEOs of AI firms like OpenAI have signed an open letter warning about the risk of extinction from AI. AI already in the workplace statistics These tools replacing human jobs statistics look at how AI is already being used in the workplace. 1. 77% of businesses are already using or exploring AI. (Source: IBM) Fears of AI replacing jobs are warranted when 35% of businesses are already using it and 42% are exploring how to use it in the near future. While this doesn’t mean workers are being sacked, this becomes more likely as AI technology advances and is less reliant on human collaboration. 2. Large businesses are twice as likely to use AI than small businesses. (Source: IBM) Larger organizations spend more on research and development and have the cap...
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priority of finance

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 2020 was in many ways an unusual year for everyone. The office of the CFO felt this with full force as it was thrust into the center of decision-making in most companies. When times are bad business leaders look to Finance to help get them safely through the troubled waters. This has led to high pressures on the finance function and long hours for extended periods. It has also led to a lot of opportunities to showcase how Finance can impact the value creation in the company. 

Drive Functional Improvement For Efficient Performance

To bring the 2021 plan of safeguarding the cash flow, CFOs and finance leaders are working towards improving the operational efficiency of the finance function.


This includes areas that have been impacted due to remote working in the new normal, like employee productivity, staff engagement, and retention. Besides these areas, they are also looking for ways to optimize the finance organization structure (which includes improving the structure, talent, and capabilities) and the operational costs to support growth. They need to optimize the existing operational model in a manner that helps them meet the business objectives.

Even as they focus more on digitization, the CFO’s need to address the other tasks present on their to-do lists for 2021. They acknowledge that the other concerns on their plate will take more time and effort to achieve than anticipated.



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