Some German firms see AI reducing need for degrees, Ifo says

Close to 20% of German companies that use artificial intelligence are finding it easy to replace ‌employees with ⁠university ⁠degrees with AI-enabled staff without a degree, a survey by German economic research institute Ifo showed.

The ​survey also showed ⁠that about ‌15% of ​the ​companies surveyed deemed ⁠it easy to replace experienced ​employees with AI-enabled staff ​with less experience

“AI is transforming the world of work and in some areas ‌can even partially replace formal qualifications and ​experience,” ​says Ifo researcher ⁠Anna Ruffert

Retail and wholesale trade companies signalled the highest readiness to make those staff switches among sectors, Ifo added.