Thompson Reuters Asia & Emerging Markets report on the future of professionals:
You are not alone. It’s not only about legal professionals in law firms or in house, tax, accounting, global risk and compliance professionals also face the same challenge. Interesting chart on what do professionals want from AI. Work product creation followed by reduction of admin are the winners
AI is transforming the future of professionals. Since OpenAI launched ChatGPT in November 2022, organisations have been experimenting with AI to enhance productivity and efficiency.
Introducing trusted AI into workflows can ‘unlock time’ for professionals. It can also enable professionals to focus on the work that adds greater value for clients.
“I personally believe that AI will benefit the future of the workforce. It will help to reduce the risks, the admin, and the less enjoyable parts of working life while allowing professionals to generate more meaningful impact,” said Jackie Rhodes, Managing Director for Thomson Reuters Asia and Emerging Markets.
35% tip AI to have ‘transformational’ effect on professions
Thomson Reuters surveyed 1,000 professionals working in legal, tax and accounting, global trade, risk, and compliance. They are based in Australia, Japan, the Middle East and North Africa (regions comprising Kingdom of Saudi Arabia, Kuwait, Oman, United Arab Emirates), Korea and Southeast Asia (regions comprising Singapore, Malaysia, the Philippines, Thailand, and Vietnam). The results feature in the new Future of Professionals Report – Asia & Emerging Market Edition.
Professionals predict that AI and large language models will become more widespread. Over one in three professionals we surveyed (35%) believe they will be ‘transformational’ in the next five years. A further 29% expect it to have a ‘high impact’ on their profession.
Admin hampers higher-level work
Administrative tasks are a major roadblock to increased productivity in the workplace. Over half of professionals (51%) surveyed want AI to reduce administrative tasks at work.
Higher on the wishlist is for AI to offer more advanced capabilities. A majority of professionals surveyed (70%) hold a desire for AI to produce work products for them. This may include specialist tasks such as drafting and refining/editing documents and analyses.
Read the full article: Thompson Reuters
