Business Chief Europe Magazine August 2020 | Page 75

biggest Southeast Asian ( ASEAN ) economies , accounted for around US $ 900bn in wages in 2017 . On the one hand , companies across those four economies could stand to save almost a collective $ 1trn by adopting AI and automating those processes . On the other , workers across those companies , industries and economies may either find themselves reassigned or made redundant as the money is invested elsewhere . In developing economies such as those in the ASEAN region , the threat to lowskilled work from AI is compounded by the nature of those economies : delivering quality education and inclusion at all levels is a challenge across these populations and substantial swathes of the countries ’ poorest stand to be left behind .
Both skilled and low-skilled roles are under pressure as AI ’ s capabilities grow at an ever accelerated rate . McKinsey ’ s 2017 report found that at least 30 % of activities carried
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