Generative AI to help boost worker retention in Asia's top firms by 60 per cent | Know-how
1 year, 2 months ago

Generative AI to help boost worker retention in Asia's top firms by 60 per cent | Know-how

India TV News  

Generative AI to help boost worker retention in Asia's top firms by 60 per cent | Know-how Business teams used code generation copilots to achieve a 70 per cent success rate in streamlining jobs with task/workflow automation, replacing low-code and IT-supported development by 2024. IDC report predicted: "By 2026, businesses that link GenAI to smart document handling will discover 20 per cent more ways to use it, boosting productivity, scalability, and delivering better customer experiences." Business teams used code generation copilots to achieve a 70 per cent success rate in streamlining jobs with task/workflow automation, replacing low-code and IT-supported development by 2024. In 2025, GenAI tools will enable senior leaders to double the productive use of unstructured data by discovering untapped insights and knowledge, driving 20 per cent growth in sustainable business benefits, the report noted.

Work Cent Generative Ai 60 Per Cent Worker Retention  knowhow  automation  personalised  worker  firms  asias  boost  generative  ai  report  genai  development  work  help  retention  used  cent

History of this topic

GenAI to boost India's IT industry's productivity by up to 45%, EY India survey shows
1 month, 2 weeks ago

GenAI to boost India's IT industry's productivity by up to 45%, EY India survey shows

The Hindu  

The increasing use of generative artificial intelligence could boost the productivity of India's $254-billion software by 43%-45% over the next five years, according to a survey by consulting firm EY India. This productivity boost, which EY India's survey states will span 500 roles, will come through the dual effect of the IT industry itself integrating elements of GenAI internally and …

Generative AI tools for Coding – Why getting all ducks in a row is critical
1 month, 3 weeks ago

Generative AI tools for Coding – Why getting all ducks in a row is critical

Deccan Chronicle  

Recently a roundtable hosted by IIIT Hyderabad on Generative AI tools for the initial phase of the software development life cycle, saw the meeting of industry leaders, technologists, innovators and research minds. In the digital world, Gen AI tools have become transformative assets in software development lifecycle, enabling accelerated coding, improved collaboration among developers, and innovative problem solving. Current use …

AI tools in banking likely to eat 200,000 jobs in 5 years: Report
2 months, 2 weeks ago

AI tools in banking likely to eat 200,000 jobs in 5 years: Report

Firstpost  

While AI’s rise sets the stage for disruption for workers, banks could see significant financial gains. Many believe generative AI tools are likely to enhance productivity and revenue generation by at least 5 per cent in the coming years Banking jobs involving routine, repetitive tasks are at risk of being taken over by AI. File image/Reuters Global banks may cut …

41% of companies worldwide plan to reduce workforces by 2030 due to AI
2 months, 2 weeks ago

41% of companies worldwide plan to reduce workforces by 2030 due to AI

CNN  

London CNN — Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey showed Wednesday. Out of hundreds of large companies surveyed around the world, 77% also said they were planning to reskill and upskill their existing workers between 2025-2030 to better work alongside AI, …

AI/ML, cyber security skills in demand for top job roles
3 months, 2 weeks ago

AI/ML, cyber security skills in demand for top job roles

New Indian Express  

BENGALURU: With the increasing adoption of AI across organisational functions, AI/ML and analytics continue to dominate as the most in-demand job family. Indeed and Nasscom launched the fourth edition of their Future of Work report – Balancing Priorities in an AI-driven World, and the report said the top five in-demand job roles include Data Scientist/Analyst, AI/ML Expert, Cybersecurity Specialist, Cloud …

SAP confident of new job creation by AI
4 months, 2 weeks ago

SAP confident of new job creation by AI

Live Mint  

German software-maker SAP SE is confident that artificial intelligence will create new jobs even as the rise of the new technology casts a shadow on jobs done by humans. The SAP board’s buoyant remarks on AI contrast with those of Google-parent Alphabet Inc’s chief executive Sundar Pichai, whose comments in the company’s post-earnings conference call with analysts put alarm bells …

Generative AI to create millions of jobs in future: 6 steps to boost your skills in this emerging field
7 months, 3 weeks ago

Generative AI to create millions of jobs in future: 6 steps to boost your skills in this emerging field

Hindustan Times  

Generative AI is a branch of artificial intelligence that focuses on creating new content and is revolutionising various industries. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} According to a report by the World Economic Forum, by 2025, 75 million jobs may be displaced due to automation, but 133 million new jobs will be created, many of which will require AI and machine learning …

More firms embracing generative AI tools
9 months, 3 weeks ago

More firms embracing generative AI tools

China Daily  

Visitors check out large language models during a high-tech expo in Shenzhen, Guangdong province, on May 23. About 85 percent of Chinese business leaders plan to increase investments in generative artificial intelligence in 2024, as AI and other disruptive technologies evolve to be more human-centric and drive greater capabilities for people to amplify their potential and reinvent commerce, according to …

Companies applying for GenAI to help customers and increase productivity- Report
10 months ago

Companies applying for GenAI to help customers and increase productivity- Report

India TV News  

Companies applying for GenAI to help customers and increase productivity- Report GenAI has emerged as a key theme in companies' which is in discussion in the first quarter of 2024. Generative artificial intelligence, commonly known as GenAI has emerged as a key theme in companies' discussions in the first quarter of this year, a new report surfaced on Monday. They …

BCG study shows 70% users excited about GenAI at work, but 43% positive about its impact on daily life
10 months, 3 weeks ago

BCG study shows 70% users excited about GenAI at work, but 43% positive about its impact on daily life

The Hindu  

A study published on April 29 by the Boston Consulting Group titled ‘Consumers Know More About AI than Business Leaders Think,’ has shared that consumer understanding and enthusiasm around artificial intelligence is higher than expected. Based on a survey conducted across 21 countries and 21,000 respondents, the research also answered questions around the usage of AI in the workplace. “While …

AI in HR: using technology to focus on people
11 months, 2 weeks ago

AI in HR: using technology to focus on people

The Independent  

BambooHR is a Business Reporter client. And 76 per cent of HR leaders believe using AI solutions in the next 12 to 24 months will prevent them from lagging behind other companies, which means it’s likely to gain even more traction. As HR tech vendors ramp up AI, it’ll become easier to retrieve needed information and get helpful insights. A …

Intent To Hire Freshers Up 6% in HY12024; Bangalore Leads With 69%: Study
1 year, 1 month ago

Intent To Hire Freshers Up 6% in HY12024; Bangalore Leads With 69%: Study

ABP News  

In the first half of 2024, there has been a 6 per cent increase in freshers hiring in India, which stood at 68 per cent compared to the first half of 2023 at 62 per cent. Additionally, the overall hiring intent for all categories of job seekers has seen a slight rise to 79.3 per cent, revealing learning and employability …

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.
1 year, 1 month ago

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.

Live Mint  

Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office. The firm estimates the full tally of AI-related job cuts is likely higher, since many companies haven’t explicitly linked cuts to AI adoption in layoff announcements. View Full Image Graphic: WSJ Nearly two-thirds of those white-collar workers said their productivity …

Get Ready for the Great AI Disappointment
1 year, 2 months ago

Get Ready for the Great AI Disappointment

Wired  

In the decades to come, 2023 may be remembered as the year of generative AI hype, where ChatGPT became arguably the fastest-spreading new technology in human history and expectations of AI-powered riches became commonplace. More and more evidence will emerge that generative AI and large language models provide false information and are prone to hallucination—where an AI simply makes stuff …

AI to diversity: What to expect at the workplace this year
1 year, 2 months ago

AI to diversity: What to expect at the workplace this year

Live Mint  

The year 2023 saw several changes to the workplace. Trends like “Bare Minimum Mondays” and “Coffee Badging”, screamed that employees want greater autonomy and flexibility at work, highlighting an increased focus on work-life balance. “The power of new-age tech will be leveraged across HR for analysing and anticipating hot-spots or pain-points of employees, helping managers make informed decisions around growth …

Humans and AI: The future’s dynamic workforce duo
1 year, 5 months ago

Humans and AI: The future’s dynamic workforce duo

Live Mint  

In July 2022, Naver Labs, a South Korean tech company unveiled their new office where humans would work alongside robots. Humans possess qualities such as creativity, social skills, and the ability to work in a team, while AI gives advantages of speed, scalability, and computation. Evolving nature of work Till the boom in Gen AI, the premise for collaboration between …

Today’s Cache | AI prompt engineers on the rise; Government agencies target rivals with spyware; Microsoft CEO slams Google’s dominance
1 year, 5 months ago

Today’s Cache | AI prompt engineers on the rise; Government agencies target rivals with spyware; Microsoft CEO slams Google’s dominance

The Hindu  

AI prompt engineers on the rise The generative AI boom of 2023 has opened up a new job avenue which is still finding its identity: the post of an AI prompt engineer. Areas where AI prompt engineers are required include customer service and engagement, content creation, drug discovery, autonomous vehicles, quality control and financial analysis. Government agencies target rivals with …

AI’s disruptive economic impact, an India check
1 year, 8 months ago

AI’s disruptive economic impact, an India check

The Hindu  

Little did we know that beyond the automated factory machines, self-driving cars, and robocops, Artificial Intelligence would one day crash into our lives, authoring poems, tipping us with pickup lines, and passing the toughest examinations. Only 2% of experts believed that AI would not significantly impact per capita GDP; this included Professor Nicholas Bloom of Stanford, who pointed out historical …

Generative AI can give people 'superpowers', add $4.4 trillion annually to global economy
1 year, 9 months ago

Generative AI can give people 'superpowers', add $4.4 trillion annually to global economy

Firstpost  

A recent report from McKinsey Global Institute has stated that generative artificial intelligence is projected to contribute up to $4.4 trillion annually to the global economy. Generative AI includes chatbots like ChatGPT, Google Bard, which are capable of generating text in response to prompts, and have the potential to significantly increase productivity by automating 60 per cent to 70 per …

Tech Mahindra mandates AI, Web 3 skilling for top execs
1 year, 11 months ago

Tech Mahindra mandates AI, Web 3 skilling for top execs

Live Mint  

New Delhi: Tech Mahindra has made it mandatory for its top executives, including CXOs and those who report to them, to skill themselves with the latest technologies, such as generative AI, Web 3and 5G, so that they can help implement the solutions based on such technologies at the lowest levels, said Jagdish Mitra, chief strategy officer and head of growth …

From CEOs to coders, employees experiment with new AI programs
2 years, 1 month ago

From CEOs to coders, employees experiment with new AI programs

Live Mint  

Shortly after the release of OpenAI’s ChatGPT in November, Jeff Maggioncalda, the CEO of online education company Coursera Inc., jumped into the technology to see if it could save him time. Around the world, business people across industries including architecture, software and entertainment are testing out tech’s new frontier: so-called generative AI programs that produce writing, images and art much …

Discover Related