AI has already surpassed human capabilities in 12% of the US workforce, according to a recent study by researchers at MIT. The "Iceberg Index" metric measures job potential for automation and found that AI can handle tasks in tech, finance, healthcare, and professional services with its cognitive and technical abilities.
The study simulated over 150 million US workers across nearly 1,000 occupations, assessing how AI overlaps with workers' skills. While the researchers don't comment on which jobs may be displaced by AI, they note that individual businesses' strategies, societal acceptance, and policy interventions play a role in determining the extent of automation.
AI is being used extensively across various industries. For example, financial services firms use it for document processing and analysis to support employees, while healthcare providers leverage it to automate administrative tasks, freeing clinical staff to focus on patient care. Manufacturers utilize AI for quality control, including automated inspections, and logistics operators implement it to handle fulfillment.
In some cases, AI can augment human efforts, while in others, the technology is more transformative. For instance, AI can streamline paperwork for nurses, allowing them to devote more time to patients. Similarly, AI systems can generate software code quickly and accurately, shifting the focus of software engineers with limited skills.
The researchers also note that AI is already doing entry-level jobs previously reserved for recent college graduates or inexperienced workers. With companies producing over a billion lines of code each day, they must restructure hiring pipelines and reduce demand for entry-level programmers. This signals a broader reorganization of work extending beyond software development.
In the financial sector, analysts will not disappear but may demonstrate capabilities in document-processing and routine analysis work, reshaping job roles and skills demanded without necessarily reducing headcount.
The study simulated over 150 million US workers across nearly 1,000 occupations, assessing how AI overlaps with workers' skills. While the researchers don't comment on which jobs may be displaced by AI, they note that individual businesses' strategies, societal acceptance, and policy interventions play a role in determining the extent of automation.
AI is being used extensively across various industries. For example, financial services firms use it for document processing and analysis to support employees, while healthcare providers leverage it to automate administrative tasks, freeing clinical staff to focus on patient care. Manufacturers utilize AI for quality control, including automated inspections, and logistics operators implement it to handle fulfillment.
In some cases, AI can augment human efforts, while in others, the technology is more transformative. For instance, AI can streamline paperwork for nurses, allowing them to devote more time to patients. Similarly, AI systems can generate software code quickly and accurately, shifting the focus of software engineers with limited skills.
The researchers also note that AI is already doing entry-level jobs previously reserved for recent college graduates or inexperienced workers. With companies producing over a billion lines of code each day, they must restructure hiring pipelines and reduce demand for entry-level programmers. This signals a broader reorganization of work extending beyond software development.
In the financial sector, analysts will not disappear but may demonstrate capabilities in document-processing and routine analysis work, reshaping job roles and skills demanded without necessarily reducing headcount.