By Stan Karanasios
Publication Date: 2025-11-17 19:07:00
Over the past few years, we’ve been told time and time again that artificial intelligence (AI) will take over our jobs.
In May last year, the International Monetary Fund warned that the technology would hit labor markets like a “tsunami.” Many of the tech giants behind the technology have made their own confident predictions about which jobs will be eliminated first.
But in many Australian companies the reality is far less dramatic.
Last week, the Reserve Bank of Australia released the results of a 2025 survey of 100 medium and large companies that sought to examine how technology investments impact companies’ operations. It turned out that enterprise-wide AI transformation was the exception rather than the norm.
This represents a strange mismatch: a loud global story about an AI “jobpocalypse” and a much quieter story within companies about experiments, pilots and a lot of waiting for real productivity gains. The Reserve Bank report helps…
