Beancounters at Korn Ferry interviewed 800 business leaders across a variety of multi-million and multi-billion dollar global organisations. The firm says that 44 percent of the CEOs surveyed agreed that robotics, automation and AI would reshape the future of many work places by making people “largely irrelevant”.
Of course they are speaking as those who know they are irrelevant and just need to replace all the other staff workers while they still have the authority to do so.
The global managing director of solutions at Korn Ferry Jean-Marc Laouchez said that leaders were facing what experts call a tangibility bias.
“Facing uncertainty, they are putting priority in their thinking, planning and execution on the tangible — what they can see, touch and measure, such as technology instruments,” he said.
Many CEOs have allowed technology to occupy anywhere from 40 to 60 percent of their priorities when it comes to strategic focus, financial investment and their time.
The firm also compiled a list of the top five assets of companies which did not even list human talent as an asset and instead included Real Estate, Brand, Product / Service, R&D/ Innovation and Technology as the number one asset.
Laouchez offered his view on why human talent was not considered an asset by the CEOs surveyed, saying: “Putting an exact value on people is much more difficult, even though people directly influence the value of technology, innovation and products.”
While artificial intelligence and robotics will play a huge role in the future of business, Korn Ferry believes that CEOs should not undervalue the creativity and influence that people can bring to a business.
Perhaps they only do so because they lack any creativity themselves and spend most of their time inventing new buzzwords to justify their huge salaries and periodic corporate layoffs.