AI may make you 'boring' at work, Columbia Business School professor says: How it can hurt your career
Using AI at work in the wrong ways could lead to "gradually falling behind and becoming complacent," said Sandra Matz, a professor at Columbia Business School.
The increasing reliance on artificial intelligence in the workplace has sparked concerns about its impact on employee performance and career advancement. According to Sandra Matz, a professor at Columbia Business School, over-reliance on AI can lead to complacency and stagnation, potentially harming one's career. This warning is particularly relevant in the finance industry, where AI is being increasingly used to automate routine tasks and support investment decisions.
Matz's comments highlight the importance of striking a balance between leveraging AI and maintaining human skills and judgment. While AI can process vast amounts of data and identify patterns, it lacks the nuance and critical thinking that humans bring to complex problems. In the context of fund management, for example, AI can help with portfolio optimization and risk management, but human fund managers must still make strategic decisions and exercise judgment when interpreting AI-generated insights.
As AI continues to transform the workplace, professionals in the finance industry should be aware of the potential risks of over-reliance on technology. To watch next: how firms are adapting their training programs to ensure employees are equipped to work effectively with AI, and how regulators are addressing the potential risks and biases associated with AI-driven decision-making.
Originally reported by cnbc.com. FundNews adds analysis for finance & markets readers.