CFO of $320 Billion Software Firm: AI Will Help Us 'Afford To Have Less People'

The pressure is mounting on business leaders to harness AI to make work faster, cheaper, and more efficient. That may thrill investors, but for employees, it could mean fewer jobs around the world. From a report: At the $320 billion software giant SAP, there will likely be a need for fewer engineers to deliver the same -- or even greater -- output, according to the company's CFO Dominik Asam.

'There's more automation, simply,' Asam told Business Insider. 'There are certain tasks which are automated and for the same volume of output we can afford to have less people.' As a C-suite exec at Europe's most valuable software company, Asam cautioned that this reality will only come true if the corporate world implements the technology properly. After all, a recent MIT study found that 95% of generative AI pilots have not met the mark. 'I will be brutal. And I also say this internally. For SAP and any other software company, AI is a great catalyst. It can be either great or catastrophe,' Asam warned. 'It will be great if you do it well, if you are able to implement it and do it faster than others. If you are left behind, you will have a problem for sure. We work day and night to not fall behind.'

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