For example, in the retail sector, the need for basic cognitive skills will decline. The retail sector will require social and emotional skills, and the number of workers in this occupation will be held relatively steady. But the demand for worker-facing positions in the industry will grow, as will the number of professionals at the upper end of the employment spectrum. Retail branches may be replaced by call centers/other modes of service delivery, and retail workers will take on more customer-facing tasks.
Banks are focused on reducing their exposure to cyber-attacks by automating cybersecurity functions. Cyber-attacks are projected to cost the banking sector more than $64 billion annually over the next five years. As a result, banks are seeking greater efficiencies in cybersecurity technology. "The time for fully automating cybersecurity functions has come," says Ashwin Maheshwari, chief technology officer for relatively new cybersecurity venture CybSafe.
AI-assisted analysis of data in cognitive skills has been underway for decades—mainly in the analytics sector. What has changed, as Rajen said in the earlier mentioned 2014 lecture, is that “the economy has ended a quasi-feudal arrangement where the decision makers held the key information to their action. d2c66b5586