"Banks' analyst classes probably won't swap fresh-faced college grads for bots - at least not this year. Some 60% of the 240 financial services CEOs that EY surveyed for its Quarterly CEO Outlook Survey said they think investing in AI will maintain or even increase their current head count in 2026. Only 28% of those surveyed predicted head count would drop this year."
"For their part, the financial services CEOs that EY surveyed are similarly bullish about AI's capacity to transform the workplace, and nearly half see AI and digital investment as the most important factor in their companies' ability to thrive and adapt this year. Around a quarter said their AI initiatives have significantly beaten expectations, and 57% said they've shown results faster than expected. Just more than half said they expect the biggest transformations to come from generative AI."
EY surveyed 240 financial services CEOs and found that 60% expect investment in AI to maintain or increase headcount by 2026, while 28% predicted reductions. Some major banks plan hiring restraint to prioritize efficiency, with expectations that AI could increase headcount long-term despite some roles becoming obsolete. Nearly half of CEOs view AI and digital investment as the most important factor for company adaptability. Around a quarter reported AI initiatives significantly beating expectations, and 57% saw faster-than-expected results. Just over half expect the biggest transformations from generative AI. Eighty-seven percent are optimistic about attracting and retaining AI talent.
Read at Business Insider
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