Artificial Intelligence: An analysis of perceptions of the impact of AI on the financial labour market
Moilanen, Kanokkorn (2020)
Moilanen, Kanokkorn
2020
All rights reserved. This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020121728924
https://urn.fi/URN:NBN:fi:amk-2020121728924
Tiivistelmä
AI technology has become increasingly prevalent within the finance sector and undeniably, the impact of AI has been revolutionary and will continue to progress and become the basis of multiple innovative ideas and technologies. On the contrary, AI may result in uneven gains in the labour market as a result of multiple job displacements and/or lead to an increase in unemployment. Artificial Intelligence is a topic of significant importance in all spectrum's of its capabilities and influence on people’s everyday lives. The focus of this thesis remains predominantly on the finance industry. This research aims to analyse people’s perceptions of the impact of artificial intelligence (AI) on the financial labour market. The purpose of this is to analyse the perceptions surrounding how and to what extent AI affects the financial labour market. Understanding an individual’s perceptions of the impact is just as insightful as people are likely to steer their actions accordingly to their perceptions.
A survey was conducted whereby the sample selection process was based on voluntary response sampling via requests placed on LinkedIn. The sample retrieved included 46
respondents who were then sorted into strata based on their knowledge on the finance sector and its developments. The data was interpreted using two methods, interpretation by calculating the correlation coefficient and by cross tabulation. The results demonstrated that knowledge on the finance industry would influence the strength of their perceptions and their ability to justify them. In addition, there were varying perceptions on employment. As a result of AI implementation per sector whereby the most impacted sector is believed to be accounting. The results also displayed that those who perceived there to be an increase in AI consequentially perceived a greater impact on the labour market levels in the finance industry.
A survey was conducted whereby the sample selection process was based on voluntary response sampling via requests placed on LinkedIn. The sample retrieved included 46
respondents who were then sorted into strata based on their knowledge on the finance sector and its developments. The data was interpreted using two methods, interpretation by calculating the correlation coefficient and by cross tabulation. The results demonstrated that knowledge on the finance industry would influence the strength of their perceptions and their ability to justify them. In addition, there were varying perceptions on employment. As a result of AI implementation per sector whereby the most impacted sector is believed to be accounting. The results also displayed that those who perceived there to be an increase in AI consequentially perceived a greater impact on the labour market levels in the finance industry.