Tech Disruption: Data analytics, AI to have significant impact on real estate landscape

A recent JLL-sponsored survey of CEOs across the Asia Pacific region reveals that 52.7 per cent CEOs are closely involved in making key strategic decisions about the future of work, particularly involving automation and artificial intelligence (AI). Given the potentially negative effects that automation and AI can bring to jobs, wages and people's livelihoods in the future, CEOs need to push their organisations to create an environment which encourages workers to not only embrace disruption, but also to create one. The survey also shows that only a small number of CEOs (11.2 per cent) think automation and AI will affect all jobs, while 41.6 per cent think only specific tasks within jobs will be affected. What this means is that business leaders understand that the impacts of automation and AI are complex; companies need to continuously train and retrain their employees, and business leaders play an important role in making sure that their companies provide the best environment for their employees in the face of disruption. An overwhelming 81.1 per cent of CEOs claim that they would lead by example and gladly automate parts of their job if AI was better at doing them than they are.