In a recent study, researchers tasked a hypothetical AI-powered tech company. AI bots were assigned specific roles, were able to prompt each other, and make logical decisions. Researchers found that AI could, on average, develop software in under seven minutes for less than $1.
Not surprisingly, some leaders are concerned about missing out on this wave of #AI powered "productivity". They may envision a #futureofwork with a hyper-efficient and much smaller workforce. In fact, in a recent Deloitte survey, 22% of organizations suggested they would like to cut costs by automating as many jobs as possible.
But is this a miscalculation?
Emerging #tech like AI is an enabler, but #talent will be the differentiator. Companies will need to invest in talent as much as they do in technology to prepare the workforce for AI and tech-fueled disruption.For example, a recent research paper noted that, when compared to AI-generated ideas, human ideas were perceived as more novel.
In the same Deloitte survey referenced earlier, 7 out of 10 organizations believe that AI will enhance job performance and satisfaction. The need of the hour is readying the workforce for the age of AI.
Leading organizations are investing in training and upskilling their workers. For example, Accenture has proposed a $3 billion investment in, among other things, upskilling their workforce.
Companies will need to reinvent themselves for the age of AI—those who invest in their talent will have an edge over those who don't.
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A Message From Ram:
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Disclaimer:
Ram Srinivasan currently serves as an Innovation Strategist and Transformation Leader, authoring groundbreaking works including "The Conscious Machine" and the upcoming "The Exponential Human."
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