TY - CHAP
T1 - The Spread of Artificial Intelligence and Its Impact on Employment
T2 - Evidence from the Banking and Accounting Sectors
AU - Batiz-Lazo, Bernardo
AU - Efthymiou, Leonidas
AU - Davies, Kyra
PY - 2022
Y1 - 2022
N2 - This chapter explores the diffusion of Artificial Intelligence (AI) and its impact on employment in two sectors, namely accounting and banking. The first study adopts a conceptual approach. The analysis examines AI’s possible advantages and risks on the accounting profession’s supply of labour. The results underline the need for hybrid adaptation, where accountants learn to adopt AI as a group rather than individually. In the second study, the analysis explores the use of AI in the recruitment and selection of personnel in the Cypriot banking sector. The research draws on findings collected through online interviews with Human Resource managers, where none of the five banks participating in the study use AI in their recruitment process. Respondents attributed this lacuna to the traditional and casual approaches to downsizing, restructuring, technical challenges, and ethical considerations. Evidence emerging from these studies enables us to compare and contrast the narrative around AI (accounting) with its actual impact (banking).
AB - This chapter explores the diffusion of Artificial Intelligence (AI) and its impact on employment in two sectors, namely accounting and banking. The first study adopts a conceptual approach. The analysis examines AI’s possible advantages and risks on the accounting profession’s supply of labour. The results underline the need for hybrid adaptation, where accountants learn to adopt AI as a group rather than individually. In the second study, the analysis explores the use of AI in the recruitment and selection of personnel in the Cypriot banking sector. The research draws on findings collected through online interviews with Human Resource managers, where none of the five banks participating in the study use AI in their recruitment process. Respondents attributed this lacuna to the traditional and casual approaches to downsizing, restructuring, technical challenges, and ethical considerations. Evidence emerging from these studies enables us to compare and contrast the narrative around AI (accounting) with its actual impact (banking).
UR - http://www.scopus.com/inward/record.url?scp=85144373813&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-07765-4_7
DO - 10.1007/978-3-031-07765-4_7
M3 - Chapter
AN - SCOPUS:85144373813
SN - 9783031077647
VL - II
T3 - Palgrave Studies of Cross-Disciplinary Business Research, in Association with EuroMed Academy of Business
SP - 135
EP - 155
BT - Business Advancement through Technology Volume II
A2 - Thrassou, Alkis
A2 - Vrontis, Demetris
A2 - Efthymiou, Leonidas
A2 - Weber, Yaakov
A2 - Shams, S. M. Riad
A2 - Tsoukatos, Evangelos
PB - Palgrave Macmillan
CY - Cham, Switzerland
ER -