Business leaders prefer tech to people claims study

In a survey of 800 chief executives and other top leaders at global firms by human resource consultancy Korn Ferry Institute, two-thirds said they believe technology will create greater value in the future than their workforce will.

When asked to rank their businesses’ most valuable asset, leaders said technology matters above all, with employees not making the top five.

In total, 44% held the belief that automation, artificial intelligence and robotics will make people “largely irrelevant” in the years to come.

Nearly two-thirds of respondents said they “see people as a bottom-line cost, not a top-line value generator,” according to the report, while 40% said shareholders have pressured them to direct investment toward physical assets like technology.