AI to Disrupt Finance, Banking, and Higher-Education Jobs: Study

Published on December 13, 2023

Artificial intelligence (AI) will likely cause early disruptions in finance, banking, and human resources jobs requiring higher education, a report has found. AI advancements are expected to impact jobs that rely more on cognitive skills and fewer physical tasks, like marketing, communications, accounting, business, and project management, compared to information technology and engineering fields. This means university qualifications must change, and higher-level qualifications in the Vocational Education and Training (VET) system will likely face disruption. Future Skills Organisation (FSO) CEO Patrick Kidd warns that Australia should prepare for AI to alter specific jobs significantly. “AI has the potential to establish new ways of conducting business, with tasks being automated, augmented or adapted, and ultimately shifting how we create, consume and engage with content,” he said. ...

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