AI will increasingly replace a range of jobs performed by people today, including white collar jobs.
Because artificial intelligence is so effective when it comes to matching patterns and automating processes, it’s well suited to perform many tasks in large organizations, according to the report.
According to an recent research from the McKinsey Global Institute, about 45% of activities people are paid to perform can be automated by adapting current technologies. This represents about $2 trillion in annual wages in the US. Furthermore, it’s not only low-income, low-skill workers that will be at risk.
According to the McKinsey research, “even the highest-paid occupations in the economy, such as financial managers, physicians, and senior executives, including CEOs, have a significant amount of activity that can be automated.”
By 2025, AI used in white collar jobs is expected to reach a tipping point and about 30% of corporate audits will be performed by AI.