Intelligent CXO Issue 37 | Page 28

FEATURE

HOW THE POWER OF AI CAN REINVENT HUMAN PRODUCTIVITY FOR GREATER COST EFFICIENCY AND PROFITS

AI isn ’ t replacing the majority of jobs because it isn ’ t as cost effective yet , according to an MIT study . But can we anticipate that changing in the future ? AI / technology expert and author , Gerry Szatvanyi , discusses why he thinks AI won ’ t make jobs obsolete , but rather reinvent human skills leading to cost efficiency and higher profits .

In the ever-evolving technological innovation landscape , AI is orchestrating a paradigm shift unlike anything in history . Brace yourselves for a future where connectivity , intelligence and proactivity converge to redefine human existence . Picture a world where workers wield unprecedented control over their schedules and wellbeing while companies navigate uncharted territories brimming with untapped market potential . But amidst this seismic transformation , one crucial question looms : how will organisations align their workforce ’ s goals and vision in this brave new world ?

According to The World Economic Forum Future of Jobs Report 2020 , the rise of AI threatens to replace 85 million jobs by 2025 . Yet , in the same breath , it heralds the creation of 97 million new opportunities fuelled by AI . Human ingenuity finds fertile ground to flourish as machines take on repetitive tasks , enabling workers to specialise and ascend to higher-level responsibilities . This change however , can bring trepidation ; employees grapple with evolving expectations while executives navigate financial uncertainties . Nevertheless , amidst the tumult lies endless possibilities – a realm where innovation not only reshapes the workforce but also unveils lucrative avenues for revenue generation .
Reinventing human productivity + the customer experience
Enter the era of AI-driven transformation – McKinsey Global Institute ’ s groundbreaking
28 www . intelligentcxo . com