What the Supervisory Board isn't telling us, is that the "next" round of Layoffs will be jettisoned by way of AI. We know how much SAP has invested in AI and that it sees this area even larger than the Cloud Biz, which is exactly why they want to get in on the ground floor of this ( unlike the Cloud arena) and become a go to source for AI support.
AI is already replacing positions like Data Entry, self service kiosks, content generation, etc. Companies like Google, MSN, Dukaan, etc have already replaced workers in certain areas with AI - which SAP is well aware about and is quietly moving full speed to gain entry into this arena ASAP.
Jobs that involve work activities like “getting information, processing information, analyzing data and information, thinking creatively, evaluating information to determine compliance with standards, making decisions or solving problems, are all prime to be replaced by AI. This would be paralegals, research analytics, telemarketing, financial analysis, accounting, translation, customer support, etc... In some of these cases AI will not immediately be able to perform the full e2e scope and will require some amount of human involvement - But in time this will also dissipate.
Harvard and Goldman Sachs have estimated that by 2030, 300 million jobs will be replaced by AI. Forbes also says that according to an MIT and Boston University report, AI will replace as many as two million workers by 2025.
This will happen so fast, it will surprise all of us and there will be little time to react to it. For those naysayers, just think about what Chat GPT is capable of doing AND how fast it has exploded. Who would have thought just one year ago all the possibilities of which Chat GPT can do - It's amazing.
This type of monumental change is coming our way and will be here before we know it. Yes, our Board is well aware of the possibilities that AI will bring and we will be front and center and be used to serve as "role models" to potential customers as to just how impactful AI can be put to use in their own business.