June 19, 2024
A report from The Burning Glass Institute claims that generative AI will notably impression firms throughout finance and insurance coverage, skilled providers and knowledge methods.
Burning Glass’ rating, which was printed in partnership with the Society for Human Useful resource Administration, mapped the scope of doubtless generative AI workforce impacts to Fortune 500 corporations based mostly on their worker composition.
Robert Half is listed in direction of the highest of the rating, in sixteenth place, with 84.6% of occupations assessed as being uncovered to generative AI. SIA reached out to Robert Half for remark.
ManpowerGroup appeared decrease within the rating with an publicity rating of 68.7%. Whereas these are the one staffing corporations out of 500 firms assessed, the comparatively excessive scores underline the numerous disruption the staffing business might face.
The finance and insurance coverage sector is deemed to have essentially the most publicity to generative AI. The listing ranked Edward Jones, New York Life, Equitable and Northern Belief on the high of the listing with the best generative AI publicity scores.
“Enterprise leaders at these corporations should start planning for GenAI-driven disruption and devise methods to leverage GenAI to their benefit,” the report acknowledged.
General, generative AI is predicted to have a broad impression throughout almost all classes of white-collar work, the examine discovered. On the human assets entrance, the report mentioned HR roles could also be utterly remodeled as generative AI automates routine duties, reorienting a smaller crew of HR professionals to serve extra strategic capabilities.
Manav Raj, a co-author of the tutorial paper that the Burning Glass Institute relied on, informed The New York Occasions that the brand new analysis gave the impression to be a reputable effort to parse company-level knowledge. However at this stage, he mentioned, all of the research are educated guesses.
“The various papers on the market usually conclude that this wave of AI has the potential to have a really giant impact,” Raj, an assistant professor of administration on the Wharton College of the College of Pennsylvania, mentioned. “However it’s going to take a while to seek out out what that impact actually appears like.”