Is Business Ready for the Impact of Generative AI in the Workplace?

  • 📰 FT
  • ⏱ Reading Time:
  • 128 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 71%
  • Publisher: 51%

Technology News

GENERATIVE AI,BUSINESS READINESS,PRODUCTIVITY

Business leaders across sectors are eager to adopt generative AI tools to enhance productivity and efficiency, but the rapid evolution and uncertainties surrounding the technology raise questions about readiness.

Generative AI is set to reshape the workplace. Business leaders in all sectors are eager to adopt AI tools to increase the productivity and efficiency of their workforces. With the technology changing so rapidly and the many uncertainties it brings, are businesses truly ready for it?Artificial intelligence is set to reshape our workplaces.Companies are itching to incorporate AI into their systems, but are we really ready for it?I'm Isabel Berwick.

A survey of 10,000 desk workers found that the AI benefit that executives are most looking forward to is increased productivity among workers. But leaders' biggest concerns about embracing AI are around data security and privacy, followed by distrust in AI's accuracy and reliability. So what are the conditions that might make workers more likely to trust AI or be interested to use it?

And then the next three are the ones that aren't really actively using AI. So the rebel is the person who feels like AI is a little bit of a threat. The superfan is very excited about AI, but they aren't using it themselves. They don't know how to start. So do you think that organisations should have put guardrails in place first? I mean, AI's moving so quickly. That's hard. Is there a trust piece missing here, I guess is what I'm saying?

Oh my gosh, I'm so happy you said it like that, because I think so much of the conversation that we're having is around the technology, all of the amazing advances that we're making, all of the amazing things that this technology can do. But you can build the coolest technology in the world, and if people don't use it, it doesn't matter.

These models are potentially so powerful. They are remarkable in what they could provide to us as humans. And if we think that analysis and structured thinking and creativity is a net economic good, we really want to be able to distribute that as widely as we can. AI is set to be a skills equaliser, helping weaker employees to level up. But Azeem has highlighted the complexity of adoption, and that it is CEOs who have to lead the charge.

So right now, I'm logged in as Alivia's manager. And what you'll see on the right is a summary of all of the feedback Alivia received over the past year. We have more tech that's supposed to simplify, that requires more tech to integrate. But our collaboration has not been easier because there's too much tech. This is what I think is so powerful with AI, is that it really is simplifying things down from an experience standpoint.

And we're just going to see this develop faster and faster and faster, which is amazing. But then it also makes you question, how do I scale up my teams, my employees to match these fast-changing expectations? And how do we govern it? So things are moving very quickly in the AI world. Is it too quickly? Should leaders be pressing pause, or how should one best be implementing?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 113. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Transform your business workloads with GenAILearn how to use generative AI in the workplace with Amazon Q Business and Q Apps
Source: TheRegister - 🏆 67. / 61 Read more »

Patents signal positive impact of business school insights on innovationResearchers express satisfaction that their work has been cited by companies in patent applications
Source: FT - 🏆 113. / 51 Read more »

Shrewsbury business ready to receive your letters to Santa as its North Pole mailing service opensLocal insurance broker Howden Shrewsbury has officially opened its North Pole Mail Service, so that children can send a letter to Santa this Christmas and even get a personalised response back.
Source: ShropshireStar - 🏆 98. / 51 Read more »