AKIKO FUJITA: We’ve talked a lot about how robotics and automation have replaced some of the low skilled jobs in the market. But could artificial intelligence now be looking to replace some of the coders? Emily McCormick is here with that story.
And Emily, this is an interesting one, because we always talk about how coders are really essential to the tech growth that we have seen. And yet, you’ve looked into this. What’s the outlook?
EMILY MCCORMICK: Well, Akiko, just taking a look at the question overall of how automation is really growing in the labor market as a whole, now is really the time to be asking those kinds of questions, since automation and machine learning really tends to accelerate from downturns like the one that we’re in now, of course, because companies are looking to cut costs and make work more efficient.
Now a report from McKinsey in September this year actually found that of 800 executives surveyed, nearly half of them noted that their use of automation had accelerated moderately. And about 20% of them reported significantly increasing automation during the pandemic.