CFO of $320 Billion Software Firm: AI Will Help Us ‘Afford To Have Less People’

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The pressure is mounting on business leaders to harness AI to make work faster, cheaper, and more efficient. That may thrill investors, but for employees, it could mean fewer jobs around the world. From a report: At the $320 billion software giant SAP, there will likely be a need for fewer engineers to deliver the same — or even greater — output, according to the company’s CFO Dominik Asam.

“There’s more automation, simply,” Asam told Business Insider. “There are certain…



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CFO of $320 Billion Software Firm: AI Will Help Us ‘Afford To Have Less People’


The pressure is mounting on business leaders to harness AI to make work faster, cheaper, and more efficient. That may thrill investors, but for employees, it could mean fewer jobs around the world. From a report: At the $320 billion software giant SAP, there will likely be a need for fewer engineers to deliver the same — or even greater — output, according to the company’s CFO Dominik Asam.

“There’s more automation, simply,” Asam told Business Insider. “There are certain…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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