Study Shows AI’s Potential to Disrupt Jobs in Finance, Banking, and Higher Education

According to a report, artificial intelligence (AI) is expected to bring about early disruptions in jobs in finance, banking, and human resources that require higher education. The advancements in AI are likely to impact jobs that rely more on cognitive skills rather than physical tasks, such as marketing, communications, accounting, business, and project management. This will also affect fields in information technology and engineering.
As a result, there will be a need for changes in university qualifications and disruptions in higher-level qualifications in the Vocational Education and Training (VET) system. Patrick Kidd, CEO of the Future Skills Organisation (FSO), warns that Australia should prepare for significant job alterations due to AI.
Kidd stated, “AI has the potential to establish new ways of conducting business, with tasks being automated, augmented, or adapted, ultimately shifting how we create, consume, and engage with content.”



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