I manage a machine learning team for a large financial services company and AutoML tools, Microsoft’s NNI included, are on our radar. I think the `future of work` for machine learning practitioners will quickly separate into two groups: a very small and elite group that performs research and a much larger groups that use AutoML but whose jobs also deal more with data preparation (which gets automated also) and ML dev…
In financial services in particular, there are tons of time series and regression problems on small data such that a neural network (beyond perhaps some super small MLP) would be a ridiculous thing to try.
I think the breakdown of workload you described will only happen in business departments where there is a need for large scale embedding models, enhanced multi-modal search indices, computer vision and natural language applications, and maybe a handful of things that eventually productize reinforcement learning. I could also see this happening in businesses that can benefit from synthetically generated content, like stock photography, essays / news summaries / some fiction, website generators, probably more.
What I described above is a tiny drop in the ocean of applied statistics problems that business have to solve.