Tag: AI productivity

AI will drive productivity in India and be relevant for rest of the world, Microsoft CEO Satya Nadella says
12Feb By adminNo Comments
Technology

AI will drive productivity in India and be relevant for rest of the world, Microsoft CEO Satya Nadella says

[ad_1] Microsoft CEO Satya Nadella's tour of India has put the spotlight on artificial intelligence and he has highlighted the abilities of the country's technology workforce to provide transformational economic growth and that too at good speed. India could be one of the countries that can benefit significantly from AI which may also result in solving the country's distinctive structural issues according to Nadella. In a number of interviews over the last few days, Nadella has said that he believes India, with its wide range of talent and massive developer community, could give major competition to developed countries even in this space and achieve transformational change. So, even though India initially missed the digital bus when it came Internet, computers, smartphones and more, cur...
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Majority of respondents in India believe AI will help them boost productivity: Survey
12Dec By adminNo Comments
Technology

Majority of respondents in India believe AI will help them boost productivity: Survey

[ad_1]  A majority of Indian respondents believe that AI will increase their productivity at work compared to 31 per cent globally, provided their organisations support them with upskilling opportunities, according to a survey by PwC.India can become the pioneer in incorporating AI (artificial intelligence) technology into business if the industry moves ahead with the right upskilling approach, said the PwC report titled 'India Workforce Hopes and Fears Survey 2023'. The survey drew responses from 2,502 participants in India with 88 per cent of them being full-time employees. "Amidst the rising uncertainty and seismic impact of AI, the workforce is demanding more from their employers on all counts. The workforce is not settling with a competitive compensation only - which continues to b...
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4-day week? AI in workplace can increase productivity and reduce working hours: Study
22Nov By adminNo Comments
Technology

4-day week? AI in workplace can increase productivity and reduce working hours: Study

[ad_1] Artificial intelligence has been a controversial topic in the workplace. The dependency on AI is growing and many fear that soon its capabilities will take away hundreds of millions of jobs. However, recent studies have shown that AI in the workplace has improved employee productivity and by 2033 it may also reduce working hours from 40 hours a week to just 32 hours, but only for one-third of the workforce. Additionally, it is also believed that the use of AI cloud result in better employee work-life balance. Check what the recent study says about AI capabilities and its benefits.Use of AI in workplaceAccording to the Autonomy study, the introduction of AI in the workplace has immensely benefited businesses in terms of employee productivity. The study is based on British and Amer...
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AI Can Do Your Admin Tasks, Britain Tells Its Public Workers
19Nov By adminNo Comments
Technology

AI Can Do Your Admin Tasks, Britain Tells Its Public Workers

[ad_1]  The UK is turning to AI to assist with administrative tasks and free up police officers, teachers, and health workers to focus on front-line responsibilities.A government review found that many teachers “waste a day each week” on tasks including data input and daily reports, and said that cutting administrative workloads would allow police to focus more time on tackling crime. The report, to be included in the government's Autumn Statement next week, will highlight “huge opportunities” to reduce daily administrative tasks and further leverage AI to ease the burden on police officers and teachers, while helping nurses and doctors treat patients more quickly. We are now on WhatsApp. Click to join.“Our public servants are among the best in the world, but we don't help them or taxpa...
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Big boost! GPT-4 increased BCG employees’ productivity compared to staff without the AI tool
11Nov By adminNo Comments
Technology

Big boost! GPT-4 increased BCG employees’ productivity compared to staff without the AI tool

[ad_1] Generative artificial intelligence and its impact on jobs and employment has been a constant debate ever since the new technology sprang up. The educated estimate is that AI is going to make some jobs obsolete, but it will also create new opportunities. However, one particular aspect where not much research has taken place is how AI and humans working together can impact work. This changed with a recent study that monitored the employees of the Boston Consulting Group (BCG) to find out the compounding effect of an AI-assisted working environment after handing some participants a GPT-4 powered AI tool.The study was conducted by Harvard Business School and a preprint version of it has been uploaded to Social Science Research Network. The study, titled Field Experimental Evidence of...
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Will AI Take My Job? Bosses Shouldn’t Only Consider Bottom Line, Says Expert
23Oct By adminNo Comments
Technology

Will AI Take My Job? Bosses Shouldn’t Only Consider Bottom Line, Says Expert

[ad_1]  The meteoric rise of AI has catapulted the world into uncharted territory. That's good news for futurists like Amy Webb, who studies emerging technologies and uses quantitative and qualitative modeling to forecast how they'll impact business and society.As founder and CEO of the Future Today Institute, Webb has been grappling with AI and all its concomitant fears, from end-of-humanity doomsday scenarios to market flash crashes and jobs destruction. We caught up with Webb earlier this week at the SXSW conference in Sydney. (Questions and responses have been edited and condensed.) We are now on WhatsApp. Click to join.How is AI affecting worker productivity?AI can greatly improve productivity for cognitive jobs where there's a lot of reading, sorting and tagging, which you often f...
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India needs to export talents skilled in AI: Microsoft Vice Chair
27Aug By adminNo Comments
Technology

India needs to export talents skilled in AI: Microsoft Vice Chair

[ad_1] Microsoft President and Vice Chairman Brad Smith on Thursday said India needs to export talents skilled in artificial intelligence.While speaking at a US-India Strategic Partnership Forum event, Smith said the health of democracies is at stake and there is a need to find new ways to sustain economic growth. "The future of India in many ways will involve not just bringing talent to the countries but bringing more talents with a background in AI," Smith said. He said there is a need to develop responsible AI which fundamentally serves the principle that matters to humanity like security, privacy, and inclusion.Smith said the role of AI is to enhance productivity in a smarter way and there is a need to develop it through partnerships between educators and entrepreneurs, among countr...
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AI impact: From N Chandrasekaran, Arvind Krishna to Brad Smith, know what these tech titans said
26Aug By adminNo Comments
Technology

AI impact: From N Chandrasekaran, Arvind Krishna to Brad Smith, know what these tech titans said

[ad_1] Artificial intelligence is being looked at in two ways globally. It is a great opportunity to boost productivity across the spectrum of human activity, but at the same time, this new tech has the potential to hurt humanity, and even cause its extinction. Caught in between are the developers who are actually working out the potential and how much they can milk it for profit. In this situation, a number of tech leaders have gathered in New Delhi to attend the B20 Summit India 2023 organised by CII.Technology leaders have spoken at length on Friday and the gist of their speeches indicates that they think AI can enhance productivity, but they have urged policy-makers that the development of AI must happen in a responsible manner. Arvind KrishnaIBM Chairman and Chief Executive Officer...
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How AI Will Make Land More Valuable
29Mar By adminNo Comments
Technology

How AI Will Make Land More Valuable

[ad_1] The long list of things AI will revolutionize includes, in roughly descending order of importance, childhood, democracy, the internet, chess and how to decide where to go on vacation. Today I would like to write about an area that cuts close to home: economic policy.To start with a simple framework: Production is the result of a combination of inputs — land, labor, capital and so on. If one of those inputs becomes more plentiful, the others become more scarce, in relative terms, and thus higher in marginal value. Powerful AI makes intelligence, broadly construed, more abundant. That will be good for productivity overall, but other factors will become relatively more scarce. First is land. With all that extra intelligence, there will be a need and a desire to undertake many new pr...
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