One consistent viewpoint in debates over AI’s impact on employment has been that the technology will augment more jobs than it replaces. A new report from Boston Consulting Group largely […]
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A report released Wednesday by Boston Consulting Group (BCG) indicates that many organizations are having difficulty converting efficiency gains that are AI-driven into any sort of measurable value.
The fourth edition of the consultancy’s annual Global AI at Work Survey reveals 42% of frontline employees who use AI on a regular basis save upwards of a full day each week; however, 66% are not given guidance on what to do with time they save, and “more than half don’t redirect it to strategic work.”
The report, AI at Work: Strategy Matters More Than Tools, is based on a global survey of 11,749 employees in 14 markets, from industries ranging from financial services to the healthcare sector.
David Martin, global leader of people and organization work at BCG, and the report’s lead author, said via email that the number of employees lacking the required guidance is surprising, “but it also tracks with what we see in many AI transformations. Companies have moved quickly to give people tools,
AI's impact on jobs hinges on adaptation, potentially expanding employment opportunities and driving demand for AI infrastructure investment.
The post Nvidia’s Jensen Huang calls AI job concerns ‘complete nonsense’ appeared first on Crypto Briefing.
UBS's strategic restructuring highlights the global shift towards cost-efficient labor markets, impacting job landscapes and economic dynamics.
The post UBS cuts hundreds of jobs amid Credit Suisse integration appeared first on Crypto Briefing.
Wix's job cuts highlight the disruptive impact of AI on traditional roles, prompting a reevaluation of workforce strategies and economic models.
The post Wix cuts 1,000 jobs, about 20% of workforce, as AI reshapes the company from the inside appeared first on Crypto Briefing.
The minimal overall job impact of AI masks significant challenges for young workers, potentially altering career entry paths and industry dynamics.
The post Stanford research finds AI’s impact on jobs remains minimal, but young workers are taking the hit appeared first on Crypto Briefing.
AI's impact on jobs remains uncertain, with potential overvaluation in tech investments as productivity gains have yet to materialize.
The post OpenAI’s Sam Altman says AI unlikely to cause jobs apocalypse appeared first on Crypto Briefing.
