As technology and artificial intelligence (A.I.) advances, jobs in banks and offices are set to be replaced by automation, according to industry experts.
The clearest sign of how far A.I. has come was earlier this week, when Google's AlphaGo program won four out of five matches of the Chinese board game Go against champion Lee Sedol. AlphaGo's victory was seen as a major milestone for A.I. due to the complexity of the board game.
But AlphaGo is only the tip of the iceberg for what A.I. can do, says Professor Andre Spicer, from Cass Business School.
"According to some scenarios, A.I. will quickly replace many forms of complex knowledge work ranging from lawyers to librarians, professors to policy analysts," Spicer said in a press release.
"For instance, there are already robo-journalists which scour news feeds and then automatically generate stories. This could be a serious problem for developed economies where a large proportion of well-paid jobs are forms of knowledge work."