Automation-Prone Industries - Banking at Top of List

"According to a new report by Citi, a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented by AI." - Pymnts, June 20, 2024

That play out of this employment phenomenon is called "automation-prone." And banking is highly vulnerable. Employment in the established banking sector will be hit hard. And in the process it won't have the upper hand, not in strategy, not in pricing and not in market share. 

The strong players in the financial sector will be the digital natives which operate in the cloud. An example would be the fintechs.

Other financial industries which are automation-prone include insurance, capital markets and energy.

However, in my coaching, I am warning all types of knowledge workers that they should anticipate the possible impact of gen AI on their marketability employment security. Already many employers require advanced knowledge of gen AI on the resume. The new gallows humor is that gen AI won't take your job but those who are skilled in gen AI will.

In business and life you usually have only one shot at whatever. Up the odds of success with Jane Genova. I am a coach and content-creator. Complimentary consultation (please text/phone 203-468-8579 or email janegenova374@gmail.com)


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