HomeFinTechConcerns Over Job Displacement Due to AI Among Irish Bankers: Survey Insights

Concerns Over Job Displacement Due to AI Among Irish Bankers: Survey Insights

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Highlights:

  • A majority of Irish bankers express concerns about job displacement due to advancements in AI technology.
  • The survey indicates a need for upskilling within the banking sector to adapt to the evolving technological landscape.
  • There’s a strong emphasis on balancing automation with preserving human jobs in Irish financial institutions.

The recent survey conducted among Irish bankers highlights significant apprehensions regarding job displacement as a result of rapid advancements in artificial intelligence. With technology transforming the financial services landscape, many professionals are advocating for upskilling initiatives to ensure a smooth transition into an AI-dominated environment. The findings emphasize the importance of maintaining a balance between automation efficiency and the human touch essential in banking.

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