The past 4-5 years have felt like we’ve been transported to a whole new timeline. Part of the reason is that we’ve been through a global pandemic and lockdowns, leading to the worst recession since the great depression and lastly, the AI revolution. We have witnessed life-altering periods, and although the pandemic is behind us, we are now in the midst of an ongoing AI revolution. | Is your organization AI ready
When I first heard about ChatGPT, I was curious and fooled around with it. It was decent and seemed harmless. But was I wrong? A few months passed by, and there were chatters of AI replacing humans. Being someone who was freshly out of college, you are nervous while entering corporate, and this only added fuel to the fire.
Can AI replace human creativity? Can AI replicate the nuances of humans? These questions started popping up in my head. But all said and done, I realized AI is competent and can increase your productivity and thus, is here to stay. And, companies have a lot to gain from it.
What does AI have in store for businesses? Is your organization AI-ready?
AI has vast capabilities, and Indian companies have understood this well. IBM reports that 59% of Indian companies have actively deployed AI, the highest among countries surveyed. If that wasn’t eye-opening enough, at least 9 out of 10 business leaders are also planning to increase their investments in AI in the next 12-18 months - of which 58% view generative AI as an opportunity to boost revenue and innovation (a CapeGemini report showed).
An IBM report also found that skill gaps are the biggest hindrance to AI adoption.
Is the workforce prepared for AI’s intervention?
Contrary to the IBM report, a Randstad Survey concluded that Indian professionals prioritize future-proofing their skills, especially in AI. Nearly 61% of workers out of 500 surveyed stated they would not accept a job offer if the company didn’t offer learning and development opportunities, especially in AI.
As AI is a relatively new technology, companies are actively addressing skill gaps. In India, 84% (compared to 52% globally) agree that their employers are helping them develop future-proof skills like AI. Online training programs and hands-on experimentation with AI tools are recognized as effective ways to train employees in AI.
Will AI usher in a leadership shift?
AI will change everything we do and how we do it, and the best place to start a conversation on this topic is leadership because they are the ones who will get us to this new world. So, here’s how we think leadership will change in the upcoming times.
Big on Creativity
AI will force us to bring out the big guns. Get out of your comfort zone to accept and create change. Alvin Toffler put it the best: “The illiterate of the 21st century will not be those who cannot read and write but those who cannot learn, unlearn, and relearn.”
Decentralization & Autonomy
In this era of AI, fast decisions are the need of the hour, which means placing greater responsibility and authority on smaller, autonomous teams and less micromanaging.
Training, Training & More training
We are left with no choice but to upskill and train employees in AI and emerging technologies if we want to survive in this market.
Complete Makeover of Processes
Prompt engineering is a thing; it is a job. Organizations will undergo a complete makeover as AI changes the nature of jobs, replacing some while creating new ones and reshaping the organizational map.
Strong Commitment to Ethics
Every new invention can be used in the best or the worst way possible. We could either advance our civilization with AI or destroy it. The impact of AI on civilization depends on how ethically we employ it.
As technologies advance rapidly, organizations must anticipate and embrace change. Bold decisions and leaps of faith will be essential in the upcoming years to keep your organization afloat.
(Author: Karishma is a content writer at TechDoQuest. She gives fresh and youthful perspectives on whatever she writes about.)