The use of Artificial Intelligence (AI) in the workplace has been steadily increasing over the past few years. AI is seen as a promising arena for workplace and workforce management, with 40% of human resources (HR) functions being automated by AI. As AI technology continues to improve, it can have a substantial impact on the economy with respect to productivity, growth, inequality, and market dynamics.
AI offers many benefits to businesses
AI-powered technology offers many benefits to businesses and employees alike. It can automate routine physical work more accurately, quickly and cost effectively than the human workforce, enabling businesses to become more efficient and productive. It also provides HR departments with an opportunity to improve the candidate and employee experience by automating repetitive tasks that are low value. Additionally, AI can help create more employment opportunities by investing in sectors that focus on training and upskilling workers.
There are some blockers to implementing AI in the workplace
However, there are still some challenges associated with integrating AI into the workplace. For example, there is a need for investment in all sectors to ensure that everyone has access to training opportunities so they can work effectively at the human-machine interface. There is also a need for policies that address ethical issues related to automation such as job displacement or data privacy concerns.
Overall, AI-powered technologies offer great potential for enhancing the human workforce while addressing some of its current challenges. By investing in training programs and developing policies that address ethical issues related to automation, businesses can take advantage of these technologies while ensuring their employees remain safe and secure.
Sources
httpss://www.whitehouse.gov/wp-content/uploads/2022/12/TTC-EC-CEA-AI-Report-12052022-1.pdf
