Asset managers are overwhelmingly positive about the benefits of artificial intelligence for enhancing their job security, new research from Clearwater Analytics shows.
Almost two thirds (61%) of senior executives at asset managers believe AI will increase their job security.
However, 28% admitted they feel AI will reduce job security and 1% said it will replace their role completely.
The research highlighted the efficiency gains of AI, with 6% of managers reporting saving up to 30 minutes per week and one in three saving between 31 and 59 minutes. Meanwhile, 45% report efficiency gains of one to two hours per week, while 16% are saving as much as three to four hours.
To keep up with the pace of change, seven in 10 firms are providing AI literacy and awareness training, while 63% are investing in internal mobility and redeployment pathways, actively seeking to reposition talent rather than reduce it.
Almost half (49%) are redesigning roles specifically to integrate human and AI collaboration, and 47% are hiring talent with AI-complementary skills.
Souvik Das, CTO at Clearwater Analytics, said: “What I find most telling in this research is where the confidence is coming from. Job security has traditionally come from being hard to replace. Here, it’s coming from a different direction entirely.
“Firms investing in their people as AI becomes part of the everyday work. That’s a more durable kind of confidence, and it reflects an industry choosing to grow into this moment. The firms doing this well are using AI to make the people doing the job better at it.”
Main image: dan-nelson-ah-HeguOe9k-unsplash
