It's not returned in revenue. Nobody has even the faintest idea about what is the effect on non-consolidated services and goods.
ML -- Machine Learning -- The somewhat more modest attempt to name what we are really doing. Ph-antasy D-egree not required but may improve influence. Muddled terminology introduced to sow confusion about what are really just regression and clustering algorithms.
Automating regression and clustering algorithms -- What we are really doing.
AI has already replaced some types of managers, such as most branch managers in banks, who were mostly doing credit worthiness assessments.
Middle management is not going to disappear suddenly, I thin, but rather be thinned out gradually. Manager roles that perform tasks that are easy to automate can over time get fewer responsibilities. For instance, managers in supermarkets may be taken out of the loop for most operational work, such as product placement in shelves, store layout, accounting/budgeting, and with improved AI there can even be automation of tasks such as supervising cleanliness, removal of past-due items, etc. All-in-all, this may cut a job that used to require a full position (and perhaps an assistant on top), to maybe 50% or 30%. This frees up time for the manager to either do other tasks. This can be either regular grocery clerk duties at the same location or it could be that a single manager may manage 2-3 locations.
If Middle Managers were similar they would have been replaced by Excel too, wouldn’t they? Either they aren’t similar or analogy doesn’t work.
I believe most people intuitively think AGI whenever AI is mentioned. Once we have AGI - still out a few decades I guess - we could replace a lot more than just middle management.
If we’re talking non-AGI AI (for lack of a better term) I don’t see why it’s any different than introducing tools that merely compute faster than a human, just like Excel for example.
Did Excel replace any middle manager? Hello no. It helped them to thrive!