AI Will Thrash Employment

Artificial Intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson.

“It’s going to rip through this economy like a tsunami,” Wilson said in an interview on Bloomberg TV from Aspen, Colorado.

Automation will affect a wide swath of workers, from traders to taxi drivers. McKinsey & Co. estimates that more than 400 million people worldwide could be looking for work by 2030 because technology took their jobs.

That change has already come to the auto-insurance business. Allstate has cut 550 auto adjusters because technological advancements made their jobs unnecessary, Wilson said.

They all found jobs elsewhere, he said. The Northbrook, Illinois-based insurer is investing $40 million to help train employees for a changing economy.

“Whether you’re an accountant, an auto adjuster, a computer programmer, technology is going to take over,” Wilson said. “We have to figure out, ‘How do we train them to do the new job, not the job that the computer can do?”

Information-Management:        Image: Nick Youngson

You Might Also Read:

The Impact Of AI On Employment Demands New Thinking:

Will AI Replace Most Jobs?:

« Hacking Via The Cloud
Dubai Launches First Standard For Driverless Cars »

Infosecurity Europe
CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Alvacomm

Alvacomm

Alvacomm offers holistic VIP cybersecurity services, providing comprehensive protection against cyber threats. Our solutions include risk assessment, threat detection, incident response.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

TÜV SÜD Academy UK

TÜV SÜD Academy UK

TÜV SÜD offers expert-led cybersecurity training to help organisations safeguard their operations and data.

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

KPMG

KPMG

KPMG s a leading provider of professional services including information technology and cyber security consulting.

IOActive

IOActive

IOActive serves as a trusted security advisor to the Global 500 and other progressive enterprises, helping to safeguard their most important assets and improve their overall security posture.

Fieldfisher

Fieldfisher

Fieldfisher's Technology, Outsourcing & Privacy Group has class-leading expertise in privacy, data & cybersecurity, digital media, big data, the cloud, mobile payments and mobile apps.

Axial

Axial

Axial Systems is one of the UK’s leading solution providers and systems integrators in network, security and services.

QATestLab

QATestLab

QATestLab is a leading International software testing company offering a full range of software testing services including security testing.

IABG

IABG

IABG offer independent, product-neutral consulting as well as technical and scientific services for the use of safety-relevant systems and technologies.

VivoSecurity

VivoSecurity

VivoSecurity is a pioneer in cyber risk quantification based on data science. Our products and services help organizations achieve optimal information security and GRC programs.

Arcanum Information Security (AIS)

Arcanum Information Security (AIS)

Arcanum Information Security is a specialist Information Assurance Consultancy and a leading provider of Cyber Security services to UK Defence, UK Government, Enterprise businesses and SMEs.

GMV

GMV

GMV is a technological business group offering solutions, services and products in diverse sectors including Intelligent Transportation Systems, Cybersecurity, Telecoms and IT.

State Service of Special Communications & Information Protection of Ukraine (SSSCIP)

State Service of Special Communications & Information Protection of Ukraine (SSSCIP)

State Service of Special Communications and Information Protection is the technical security and intelligence service of Ukraine, under the control of the President of Ukraine.

Hudson Cybertec

Hudson Cybertec

Hudson Cybertec are an internationally recognized Subject Matter Expert for cyber security in the Industrial Automation & Control Systems (IACS) domain.

Difenda

Difenda

Difenda Shield is a fully integrated and modular cybersecurity suite that gives your organization the agility it needs to implement a world-class cybersecurity system.

Factmata

Factmata

Factmata is an social and news media monitoring and analytics product that uses AI to identify and track narratives online, highlighting those most likely to cause brand harm or misinform the public.

Access Venture Partners

Access Venture Partners

Access Venture Partners are an early stage VC firm investing in bold founders and helping every step of the way. Areas we give special focus to include cybersecurity.

Infosec Ventures

Infosec Ventures

Infosec Ventures incubates and scales cyber security innovators that solve inefficiencies in cyber security.

Aprio

Aprio

Aprio is a premier business advisory and accounting firm. We deliver advisory, tax, managed, and private client services to build value, drive growth, manage risk, and protect wealth.