Australian companies like Atlassian and CBA cut jobs due to artificial intelligence

Telstra boss Vick Brady, although the AI developments in the results of this week was less vocal, was similar on the last strategy day.

“We see a lot of potential in these areas… Customer participation, how we run our network and manage, how we improve the software and how we manage our IT environment, and how IT supports the back of the office you tend to have manual processes.”

Although it may seem a great opportunity for Australian affairs, it seems quite worrying from the perspective of his employees.

As a result, both are relatively low -growing enterprises with a major investment in AI. Will this investment be paid by increasing or changing workers’ productivity?

“The CBA preaches efficiency and innovation while quietly eroding local affairs. This hypocrisy cannot go unquestionably,” he said.

The Australian Unions Council demanded employees to guarantee occupational safety before bringing artificial intelligence to provide protection against the work massacre.

Local academics used research by the International Labor Organization to turn their findings on AI business losses into Australia. In 2050, they found a surprising estimate of the AI’s future of Australia: 32 percent of the existing works in Australia can be done by AI.

“This does not mean that people will lose their jobs overnight,” said academics at the University of Victoria, Janine Dixon and James Lennox. given Speech last week.

“The establishment of AI skills will take time, it will give people time to train for an alternative career. Most of the effect is likely to be far away for years.”

This time interval gives AI a lot of time to move beyond relatively low-level tasks, such as changing the basic call center business-to replace white-collar jobs, such as software developers.

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So what the impact of the AI transformation on the company he built with Farquhar, Mike Cannon-Brookes, Founding Partner of Atlassian? It is definitely looking at the advantages of their products upgrades and efficiency.

Cannon-Brookes sees a bright future despite AI’s coding mastery. Apparently, the US billionaire initiative seems to have the claim that Capitalist Marc Andreessen still has the claim that the “software is eating the world”.

Cannon-Brookes, the company’s earnings conference meeting to investors last week, “I think it will be much less developer in the world after now? No, I do not think,” he said.

“And yes, we still hire many engineers and developers with the growth of the business.”

The argument of Cannon-Brookes is simple: the world will need much more software, and AI will mean that it will be cheaper and easier to expand its development beyond corporate technology teams.

“Whether financial or marketing, or more software, there will be much more people, or he says.

Watch out, it rides a lot of Atlassian’s future version. It is based on managing workflows and projects for such a development.

Farquuhar and Cannon-Brookers will be rapidly reduced if it can be done by an AI bot instead of working teams.

However, even artificial intelligence is not seen as a bad thing for local works, such as transforming into low-level customer work-Car centers.

John Munnellly, the digital officer of KPMG, can represent a blessing for our country.

“Many things that AI heals are the tasks we use in the open sea, such as call center work, or he says.

“There is a really great opportunity for the Australian economy with AI”

John Munnellly, KPMG’s head digital manager

Farquuhar’s efficiency dividends can actually make more applicable here.

“There is a really great opportunity with AI for the Australian economy, Mun says Munnellly.

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However, interesting things are already happening in the chain of wage-KPMG’s new AI Tax Vehicle, such as its executives allow customers to accelerate the first draft advice.

Munnelly, Munnelly, who takes us two weeks to go and prepare us for two weeks – a customer in the midst of an agreement – now we can literally remove it out of the door in a day, Mun says Munnelly.

KPMG General Manager was left to Andrew Yates to treat this pose. What will this KPMG employee do with nine days to be spent on this before?

“Our current hypothesis is that what we do will change. However, AI and the technology we have will produce much more data that will change, analyzing, presenting, interpreting more data than blending this data, but now existing.”

“All the data produced will be a real need for this insight and technical understanding.”

As for the analysts who try to understand AI speech, which has started to enter the earnings of earnings and increasing costs, there is a more prospective question.

“Companies were eager to indicate their investments in AI, but when will we see that they were translated as a result?” UBS strategist Richard Schellback.

Even Comyn, who made more than a dozen AI reference to the bank’s full year results, found a cautious answer.

It foresees a more effective labor force and produces higher quality jobs with both income and cost -effective opportunities. However, he does not expect it to come easily.

“You can imagine that there are much more efficient ways to present some things we have done right now. But I think this will take some time like a few years to work in some truth and quality.”

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