Artificial intelligence will replace more than half of employees in large US companies
Posted: Thu Dec 12, 2024 4:52 am
Most large companies in the US plan to implement artificial intelligence technologies in the next 12 months, which will lead to significant changes in business processes and the labor market.
Artificial intelligence is rapidly penetrating various areas of life, and business is no exception. According to a recent study jointly conducted by Duke University and the Federal Reserve Banks of Atlanta and Richmond, more than 60% of large U.S. corporations plan to implement artificial intelligence technologies in the next 12 months to automate work processes that were previously performed by company employees. This trend reflects the growing demand from businesses to streamline operations, reduce costs and improve efficiency.
Artificial intelligence is already being used extensively in various industries, such as customer service, marketing, and human resources. Chatbots like ChatGPT are used to solve everyday creative tasks, including india phone number material creating job postings, press releases, and marketing campaigns. These tools allow you to automate routine processes, freeing up employees’ time for more complex and creative tasks.
However, the implementation of artificial intelligence is not limited to chatbots. Companies are developing and implementing more complex systems that can analyze large amounts of data, make decisions, and perform a wide range of tasks. The survey results showed that over the past year, almost 60% of all organizations and 84% of large companies have used software, hardware, and other technological capabilities to automate tasks that were previously performed by staff.
The reasons for implementing AI in business are diverse. According to a survey of CFOs, the main motives are to improve product quality (58% of companies), increase productivity (49%), reduce labor costs (47%), and even completely replace employees (33%).
Despite the obvious advantages of introducing artificial intelligence, there are concerns about its impact on the labor market. Some experts believe that its mass introduction could lead to job losses and increased unemployment. However, in the short term, experts believe that artificial intelligence will not affect the labor market, particularly in the United States. Company leaders are using it to fill some gaps, at worst refusing to hire new employees who could get a job without artificial intelligence, but there have been no mass layoffs of existing employees yet.
Artificial intelligence is rapidly penetrating various areas of life, and business is no exception. According to a recent study jointly conducted by Duke University and the Federal Reserve Banks of Atlanta and Richmond, more than 60% of large U.S. corporations plan to implement artificial intelligence technologies in the next 12 months to automate work processes that were previously performed by company employees. This trend reflects the growing demand from businesses to streamline operations, reduce costs and improve efficiency.
Artificial intelligence is already being used extensively in various industries, such as customer service, marketing, and human resources. Chatbots like ChatGPT are used to solve everyday creative tasks, including india phone number material creating job postings, press releases, and marketing campaigns. These tools allow you to automate routine processes, freeing up employees’ time for more complex and creative tasks.
However, the implementation of artificial intelligence is not limited to chatbots. Companies are developing and implementing more complex systems that can analyze large amounts of data, make decisions, and perform a wide range of tasks. The survey results showed that over the past year, almost 60% of all organizations and 84% of large companies have used software, hardware, and other technological capabilities to automate tasks that were previously performed by staff.
The reasons for implementing AI in business are diverse. According to a survey of CFOs, the main motives are to improve product quality (58% of companies), increase productivity (49%), reduce labor costs (47%), and even completely replace employees (33%).
Despite the obvious advantages of introducing artificial intelligence, there are concerns about its impact on the labor market. Some experts believe that its mass introduction could lead to job losses and increased unemployment. However, in the short term, experts believe that artificial intelligence will not affect the labor market, particularly in the United States. Company leaders are using it to fill some gaps, at worst refusing to hire new employees who could get a job without artificial intelligence, but there have been no mass layoffs of existing employees yet.