BCG study shows 70% users excited about GenAI at work, but 43% positive about its impact on daily life
7 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 perception and usage vary by market, age, and exposure, consumers around the world have a deeper appreciation of AI than we give them credit for,” said Aparna Bharadwaj, global leader of BCG’s Global Advantage practice, former leader of BCG’s Center for Customer Insight, and a coauthor of the study. If consumers and employees have concerns around data privacy and the ethical use of GenAI, they will not embrace the technology.” Seventy-five percent users shared that they have used a GenAI-powered app or service with people under 35 showing a higher awareness and usage of GenAI than those over 35.

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History of this topic

94 per cent of Indian desk workers feel the urgency to master AI
4 days, 5 hours ago

94 per cent of Indian desk workers feel the urgency to master AI

New Indian Express  

BENGALURU: Indian workers want to skill up on Artificial Intelligence as 94% feel an urgency to become AI expert. However, 40% of Indian workers have spent less than five hours learning how to use AI, and 30% of global workers say they have had no AI training at all, including no self-directed learning or experimentation, according to Slack's new Workforce …

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

‘GenAI, AI agents will be a defining force despite limitations’
3 weeks ago

‘GenAI, AI agents will be a defining force despite limitations’

Live Mint  

Generative artificial intelligence and AI agentic systems are evolving, with businesses moving beyond just the testing stage to exploring their potential for transforming operations across the enterprise, say senior executives of Automation Anywhere. "The pressure and opportunity to capitalise AI to create a competitive advantage is very intense," Ankur Kothari, the company's co-founder and chief operating officer, said in a …

JPMorgan’s Jamie Dimon predicts AI reducing work weeks to 3.5 days, says ‘Tech has always replaced jobs, but…’
3 weeks, 6 days ago

JPMorgan’s Jamie Dimon predicts AI reducing work weeks to 3.5 days, says ‘Tech has always replaced jobs, but…’

Live Mint  

JPMorgan CEO Jamie Dimon believes artificial intelligence will enhance businesses and work-life balance, potentially reducing workweeks for employees to 3.5 days in the future, according to a Fortune report. Speaking to Bloomberg TV, Dimon said thousands at JP Morgan are already using AI adding that the technology is an evolving and “living breathing thing”. Op But Dimon sought to move …

SAP confident of new job creation by AI
1 month, 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 …

AI Empowers the Workforce: A Paradigm Shift in Workplace Dynamics
2 months ago

AI Empowers the Workforce: A Paradigm Shift in Workplace Dynamics

India Today  

The future of work is being reshaped, but not in the way many feared. Adecco Group's 'Global Workforce of the Future 2024' report reveals that AI isn't replacing workers; it's empowering them. The survey reveals a transformative shift in workplace dynamics, with AI emerging as a powerful ally rather than a threat. The most telling statistic? A substantial leap in …

Slack researcher discusses the fear, loathing and excitement surrounding AI in the workplace
2 months ago

Slack researcher discusses the fear, loathing and excitement surrounding AI in the workplace

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. After conducting in-depth interviews with 5,000 desktop workers, Slack …

More Than 60% of Companies Worldwide Don’t Have Policies On Gen AI Usage: Report
4 months, 1 week ago

More Than 60% of Companies Worldwide Don’t Have Policies On Gen AI Usage: Report

News 18  

Despite the quick adoption of Generative Artificial Intelligence across industries, nearly 60% of the companies operating in procurement lack specific policies on Gen AI usage, according to a new report. A survey conducted by Zycus-Procurement Tactics highlighted the state of Gen AI in procurement and also showed that 69.8% of the respondents do not use Gen AI-based software in their …

Economic Survey | AI casts “huge pall of uncertainty” over jobs
5 months ago

Economic Survey | AI casts “huge pall of uncertainty” over jobs

The Hindu  

The Economic Survey published on Monday warned against the potential challenge that artificial intelligence could present to the Indian economy saying the “advent of the tech casts a huge pall of uncertainty as to its impact on workers across all skill levels – low, semi and high.” The massive changes owing to widespread adoption of AI “will create barriers and …

China Leads GenAI Adoption, Significantly Higher Than US: Survey
5 months, 1 week ago

China Leads GenAI Adoption, Significantly Higher Than US: Survey

ABP News  

China is at the forefront of adopting generative AI technology, according to a recent survey by US AI and analytics software company SAS and Coleman Parkes Research. A recent report from the United Nations' World Intellectual Property Organization further illustrates China's leadership in the field, showing that the country filed over 38,000 generative AI patents between 2014 and 2023. China's …

More Than 90% Of Indian Offices Considering, Encouraging ChatGPT's Use, Reveals Study
5 months, 2 weeks ago

More Than 90% Of Indian Offices Considering, Encouraging ChatGPT's Use, Reveals Study

ABP News  

Artificial intelligence is slowly taking over and its userbase is increasing exponentially as time passes. This study not only underscores the innovative spirit of Indian employees but also sets a benchmark for global workplaces on how generative AI can be effectively integrated into daily operations to complement human skills and enhance overall performance.” The Rise In Acceptance Of AI At …

Generative AI safety prioritized
5 months, 3 weeks ago

Generative AI safety prioritized

China Daily  

Participants interact with an AI-enabled robot during the Summer Davos Forum in Dalian, Liaoning province. ZOU HONG/CHINA DAILY As generative artificial intelligence is increasingly applied to a widening range of sectors, more efforts are needed to ensure the safe application of the fast-growing intelligent technology through global governance and cooperation, said renowned experts and entrepreneurs at the 15th Annual Meeting …

Gen AI is the next wave of tech: Virtusa CTO
6 months ago

Gen AI is the next wave of tech: Virtusa CTO

New Indian Express  

Virtusa Corporation has launched Virtusa Helio, which helps organisations leverage GenAI effectively in their digital transformation initiatives. In an interaction with this newspaper, Ram Meenakshisundaram, chief technology officer at Virtusa Corporation, said Virtusa Helio is a brand for GenAI offerings and services and focuses on practical applications, aiming to deliver real-world solutions that generate tangible business benefits. Virtusa’s research reveals …

More firms embracing generative AI tools
6 months, 2 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 …

TCS chairman says AI empowers employees, boosts their productivity
6 months, 3 weeks ago

TCS chairman says AI empowers employees, boosts their productivity

New Indian Express  

BENGALURU: Artificial Intelligence will empower every employee to perform at a higher level or productivity, Tata Sons chairman N Chandrasekaran said at the group’s IT services arm TCS’ 29th Annual General Meeting held on Friday. Gen AI will not only improve productivity, but also create impact we hitherto have not seen or imagined,” he added. “In the Tata Group, we …

Intel exec on bringing artificial intelligence into the workplace
7 months, 1 week ago

Intel exec on bringing artificial intelligence into the workplace

Associated Press  

NEW YORK — Artificial intelligence is just about everywhere you look these days — including the workplace. Christy Pambianchi, chief people officer at Intel, recently spoke with The Associated Press about how the semiconductor chip maker is expanding AI education programming beyond the company’s walls — as well as best practices around implementing AI in a workforce from an HR …

AI users doubled in last six months, now used by 75% of global knowledge workers: Report
7 months, 1 week ago

AI users doubled in last six months, now used by 75% of global knowledge workers: Report

Hindustan Times  

The number of people using AI has nearly doubled in the last six months and around 75 per cent of global knowledge workers are using AI at workplaces, according to "2024 Work Trend Index Annual Report" by Microsoft and LinkedIn. The survey in the report highlights that 90 per cent of AI users stated it helped them save time, 85 …

One In Two Indians Aware Of GenAI Ends Up Using It: Report
7 months, 3 weeks ago

One In Two Indians Aware Of GenAI Ends Up Using It: Report

ABP News  

One in two Indians aware of GenAI, ends up utilising it, with India showcasing a 1.6 times higher awareness-to-usage conversion ratio compared to the average of other countries, a new report by Boston Consulting Group said on Friday. According to a new research by BCG’s Center for Customer Insight, which was conducted on 21,000 consumers across 21 countries on artificial …

AI in HR: using technology to focus on people
8 months, 1 week 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 …

’AI not understanding the art form it replicates, a key concern for regulators’
8 months, 3 weeks ago

’AI not understanding the art form it replicates, a key concern for regulators’

Live Mint  

As artificial intelligence gains prominence across various businesses, its rapid expansion has sparked concerns among artists about the potential for the technology to encroach upon their creative works. He added that it would come down eventually because GenAI was a “solution looking for a problem.” Harshjit Sethi, managing director of venture capital firm Peak XV, emphasized the necessity of integrating …

Research shows disconnect in AI-related hirings made by enterprises
8 months, 3 weeks ago

Research shows disconnect in AI-related hirings made by enterprises

The Hindu  

A report released by data analytics provider Alteryx has stated that even though business leaders and recruiters are preparing for an AI-infused future, there’s still a disconnect during the hiring process. Titled ‘Defining the Enterprise of the Future,’ the research shared that even though most of the survey respondents recognised creativity as the most important human skill followed by critical …

Some workers turning AI challenge into advantage
10 months ago

Some workers turning AI challenge into advantage

China Daily  

The recently released artificial intelligence model Sora, created by research organization OpenAI, has caused a sensation in the tech sector with its ability to generate videos of up to a minute in length based on brief text instructions. Some industry insiders said that Sora will bring revolutionary changes to content creation as well as the entertainment and education industries, while …

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.
10 months, 1 week 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 …

Use of generative AI by enterprises on the rise: Netskope
11 months, 1 week ago

Use of generative AI by enterprises on the rise: Netskope

Deccan Chronicle  

Hyderabad: Reflecting the rise of artificial intelligence at workplaces, a survey report said more than 10% of enterprise employees access at least one generative artificial intelligence application every month, compared to just 2% a year ago. “With growing AI app usage, employees are more likely to expose sensitive data like credentials, personal information, or intellectual property,” said Ray Canzanese, threat …

AI to diversity: What to expect at the workplace this year
11 months, 3 weeks 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 …

How India Can Ride the AI Wave Through Education and Workforce Development, Expert Weighs In
1 year ago

How India Can Ride the AI Wave Through Education and Workforce Development, Expert Weighs In

News 18  

In his insights, Mr. Jaspreet Bindra, Managing Director & Founder of The Tech Whisperer, identifies India’s strategic advantages in the global AI environment and offers a thorough plan for utilising AI in the nation’s workforce development and educational system. Our software services companies are plugged into almost every Fortune 500 company, and they all want to do something with generative …

AI can create more jobs than it potentially eliminates: Tech Mahindra's outgoing CEO
1 year ago

AI can create more jobs than it potentially eliminates: Tech Mahindra's outgoing CEO

The Hindu  

Generative AI technology can create more jobs than it is expected to eliminate, Tech Mahindra's outgoing CEO said, even as its ability to wreck the job market has been discussed widely on social media sites. While some top industry executives have discussed the potential loss of around a third of jobs due to the impact of the technology, Mr. Gurnani, …

Column: This was the year of AI. Next year is when you should worry about your job
1 year ago

Column: This was the year of AI. Next year is when you should worry about your job

LA Times  

The biggest story in tech this year was, without a doubt, the explosive ascent of AI. See, we’re nearing the end of the Year of Generative AI, and few of the companies working in the space have pieced together a promising way to turn the hype into profits. In October, the Wall Street Journal ran a report headlined “Big Tech …

India’s developing tech certifications presenting business opportunities: Dell
1 year ago

India’s developing tech certifications presenting business opportunities: Dell

Live Mint  

New technology certifications and standards that are being developed in India are opening up fresh business opportunities for Dell Inc., Peter Marrs, the American hardware and services company’s president for Asia-Pacific and Japan, and John Roese, its global chief technology officer, said at a media roundtable on technology trend projections for the next year. India’s developing technology certifications, regulations and …

AI Could Be The Answer To Human’s Wish To Work 4-Days A Week But Is That Good?
1 year, 1 month ago

AI Could Be The Answer To Human’s Wish To Work 4-Days A Week But Is That Good?

News 18  

Artificial Intelligence is a threat to humans and their jobs will be in danger thanks to the advancement of technology. In fact, it seems AI could be the answer to help people work 4 days a week instead of 5 because of all the help provided by AI tech like ChatGPT in the near future. A new report by a …

Can AI help employees strike a better work-life balance?
1 year, 1 month ago

Can AI help employees strike a better work-life balance?

Live Mint  

The increasing reliance of companies on generative artificial intelligence tools like OpenAI’s ChatGPT is the cause of sleepless nights for several employees, as revealed by PwC’s annual global workforce survey in June 2023. “This has not only saved us time but also freed up our highly skilled employees to dedicate their energy to more creative and strategic aspects of the …

‘AI tools train the mind to think’
1 year, 1 month ago

‘AI tools train the mind to think’

The Hindu  

With technology fully embedded in our modern lives and Artificial Intelligence sparking both fear and promise, experts sought to explain why it is important to stay abreast of developments today. The speakers were speaking at a webinar on Generative AI for Higher Education presented by Vellore Institute of Technology, Chennai, under the career counselling series of The Hindu Education Plus. …

35 per cent of college students use AI tools to help them with their studies
1 year, 1 month ago

35 per cent of college students use AI tools to help them with their studies

India TV News  

Productivity has gone up but we fear knowledge, as the new report states that one-third of college students have been using generative AI chatbots like ChatGPT, Bard and more in the past year, which helped them with studies. As per the latest survey, around 35 per cent of the students have been working on their projects with the support of …

Humans and AI: The future’s dynamic workforce duo
1 year, 2 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 …

Tech mood not as bad as in 2008; bet on strong growth: HCL Tech CEO
1 year, 2 months ago

Tech mood not as bad as in 2008; bet on strong growth: HCL Tech CEO

Live Mint  

NEW DELHI : On Thursday, HCL Technologies Ltd beat Street estimates to report a better-than-expected September quarter. In an interview, C Vijayakumar, managing director and chief executive of HCL Technologies, said the company has slashed its FY24 guidance despite this result due to a weak overall first half of this fiscal. He added that the overall industry sentiment is not …

Power-hungry: AI bots like ChatGPT will have higher energy demands than many countries by 2027
1 year, 2 months ago

Power-hungry: AI bots like ChatGPT will have higher energy demands than many countries by 2027

Firstpost  

AI is already very resource intensive. However, AI is only going to get more power and resource hungry in the future According to recent research published in the journal Joule, the energy consumption associated with artificial intelligence applications is projected to surpass the annual electricity requirements of entire nations like the Netherlands, Argentina, and Sweden by the year 2027. For …

Most Indians excited about generative AI, says new study
1 year, 2 months ago

Most Indians excited about generative AI, says new study

Live Mint  

Generative artificial intelligence, also known as generative AI or GenAI, is artificial intelligence that can generate text, images, or other media, using generative models. Now, a recent worldwide study by global technology consultancy Thoughtworks says there’s equal levels excitement – and apprehension – among Indian customers when it comes to GenAI. The study – titled GenAI: What consumers want – …

68% of Indian respondents expect businesses to protect consumers when deploying generative AI: Report
1 year, 2 months ago

68% of Indian respondents expect businesses to protect consumers when deploying generative AI: Report

The Hindu  

Technology consultancy Thoughtworks’ international survey on generative artificial intelligence found that most Indian respondents welcome advances in this technology, but also want to see governmental regulations and safeguards. More than 80% of Indian survey respondents also said they were “most likely” to buy from a business that used generative AI. However, the company’s press statement noted “equal amounts of anticipation …

Today’s Cache | AI prompt engineers on the rise; Government agencies target rivals with spyware; Microsoft CEO slams Google’s dominance
1 year, 2 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 …

Why the AI race may never have a clear winner
1 year, 2 months ago

Why the AI race may never have a clear winner

Live Mint  

Jim Cramer coined the acronym FANG in 2013 to describe some of the most prominent companies in the tech sector – Facebook, Amazon, Netflix, and Google. Generative AI models, which are being used to create new content including text, images, audio, video, code, and simulations with the help of natural language ‘prompts’, are being used in at least one business …

‘AI upskilling: Seven in ten professionals raring to go’
1 year, 3 months ago

‘AI upskilling: Seven in ten professionals raring to go’

The Hindu  

New research from LinkedIn reveals that over 8 in 10 professionals in India are alive to the reality that Artificial Intelligence would transform their jobs. In fact, 68% of the workforce admits to already using generative AI in their job, with one in two professionals trying out generative AI tools like ChatGPT, the LinkedIn data shows. Work-life balance More than …

AI anxiety: workers fret over uncertain future
1 year, 4 months ago

AI anxiety: workers fret over uncertain future

The Hindu  

The tidal wave of artificial intelligence barrelling toward many professions has generated deep anxiety among workers fearful that their jobs will be swept away - and the mental health impact is rising. "Anything new and unknown is anxiety-producing," Clare Gustavsson, a New York therapist whose patients have shared concerns about AI, told AFP. "I anticipate that my job will become …

AI’s disruptive economic impact, an India check
1 year, 5 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 …

Can Nasscom’s ‘Responsible AI’ guidelines pave the way for ethical and safe adoption of artificial intelligence?
1 year, 6 months ago

Can Nasscom’s ‘Responsible AI’ guidelines pave the way for ethical and safe adoption of artificial intelligence?

The Hindu  

Published : Jun 15, 2023 17:11 IST - 3 MINS READ Nasscom, the trade association for the IT and business process management industry, has released a comprehensive set of responsible artificial intelligence guidelines for generative AI. The Nasscom guidelines came a day beforeSam Altman, CEO of OpenAI, met Prime Minister Narendra Modi and discussed the potential of AI and the …

Good and bad: The Hindu Editorial on India and artificial intelligence
1 year, 6 months ago

Good and bad: The Hindu Editorial on India and artificial intelligence

The Hindu  

Generative artificial intelligence is AI that can create new data. There are many instances of generative AI in the world today, most commonly used to generate text, images, and code in response to users’ requests, even if they are capable of more. In the last few years, AI models backed by neural networks trained on very large datasets and with …

Early AI adoption at work can foster innovation and boost productivity: Microsoft Report
1 year, 6 months ago

Early AI adoption at work can foster innovation and boost productivity: Microsoft Report

The Hindu  

The pace of work across international markets has surpassed human capacity and negatively impacted innovation but early AI adoption could drastically change this, as per Microsoft’s Work Trend Index 2023 Report titled ‘Will AI Fix Work?’ Released on Thursday, the survey encompassed 31,000 individuals across industries in 31 countries, including 14 markets in the Asia Pacific region, combined with extensive …

From threat to job to unleashing creativity, here’s what Indians think about AI
1 year, 6 months ago

From threat to job to unleashing creativity, here’s what Indians think about AI

Live Mint  

Amid the growing impact of Artificial Intelligence in nearly every domain, more than 74 per cent of Indians are worried that artificial intelligence will take their jobs in future, according to latest Microsoft report. The recent insight of the Microsoft Work Trend Index 2023 report reveals that 90 per cent of Indian leaders are of opinion that employees need to …

Nation to witness quick AI expansion, experts say
1 year, 8 months ago

Nation to witness quick AI expansion, experts say

China Daily  

Tech heavyweights step up development efforts as concerns voiced over new problems Artificial intelligence technology is expected to witness speedy growth in China and inject fresh momentum into a new round of industrial development, experts said. Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at Zhejiang University's International Business School, said, "Compared with its foreign counterparts, …

Will companies’ use of generative AI affect job intake? - The Hindu
1 year, 8 months ago

Will companies’ use of generative AI affect job intake? - The Hindu

The Hindu  

AI has been talked of for decades now. Let’s take a look at what developments have taken place in recent weeks in the context of AI. First off, Bloomberg wrote about a Chinese company in the The $3-billion Bluefocus Intelligent Communications Group Co., one of China’s best-known media firms, haS said in an internal memo that it plans to replace …

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