Professionals bullish on AI boosting productivity, Thomson Reuters report finds

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A majority of professionals believe artificial intelligence will have a significant impact on their professions over the next five years, but concerns remain about accuracy and job loss.

‘Barron’s Roundtable’ panelists discuss the evolution of AI and how investors can look for opportunities with the emerging technology.as a means of boosting their productivity by augmenting workflows and are largely unconcerned about the large-scale replacement of jobs, according to a new report by Thomson Reuters.

A 45% plurality of professionals responded that AI will help them improve their overall productivity and efficiency at work, while 38% said that they believe it will help them free up time and mental bandwidth for higher-level tasks. Thomson Reuters' survey of professionals about their views of AI found that two-thirds expect it to have a high or transformational impact on their profession.Professionals’ biggest fear about AI within the survey had to do with compromised accuracy, with 25% expressing citing that as their primary concern. like chatbots can sometimes respond to users’ queries with inaccurate information that’s conveyed with confidence – a phenomenon known as "hallucination.

 

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