In most domains, AI is heavily employed to increase productivity. The game is about to change thanks to generative AI, which can automate processes and improve customer and client experiences. It can improve resource efficiency, optimise corporate processes, and pave the way for new business applications.
Let's explore the various ways that generative AI is predicted to affect productivity in the near future and how you may use it to your benefit at work.
1. AI Will Complement New Workflows
People are constantly looking for ways to streamline existing processes, create new ones, and boost productivity levels through efficient task management. Generative AI has the capacity to quickly adapt to, complement, and lighten the workload of new workflows. AI can enhance workflows in practically every industry thanks to its rapid and adaptable capabilities.
For instance, generative AI can be used to streamline data analyses, producing speedier results. Generative AI systems can quickly analyse large datasets and produce predictions and insights. Applications for this level of data processing can be found across numerous sectors.
For instance, generative AI systems in marketing may analyse consumer behaviour and predict how consumers will respond to new goods or services. Generic AI algorithms can analyse historical event data in cybersecurity and help data scientists spot potential security problems. The extent to which the use of AI is improving cybersecurity, however, is still up for debate.
2. Automation of High-Level and Complex Tasks
According to Goldman Sachs research, roughly two-thirds of American occupations might be automated. It is possible to replace anywhere between 25% and 50% of the burden for those affected occupations.
Although it is believed that AI will have a significant impact on the labour market, most professions and sectors are only partially susceptible to automation. As a result, AI is more likely to support workflows than to replace them.
A new era of individualised and highly effective experiences will be ushered in by generative AI, which can better grasp past patterns and context, summarise extremely complicated information, use predictive intelligence, and propose the optimal actions. Additionally, it might advance business process automation by assisting in the automation of increasingly difficult activities.
3. Do More With Less Time
It is possible for generative AI to automate tasks that often need human creativity. This can produce high-quality solutions while saving enterprises time and money.
It's logical to assume that some jobs will experience a decrease in the number of hours required, resulting to shorter workdays, as technology helps more people work considerably quicker than they did previously. After all, the use of AI to streamline remote and hybrid work is already prevalent.
As businesses adopt automation more and more, they will also develop new metrics for gauging productivity as human capital becomes less critical as time goes on. Although AI will still require human intervention, many organisations may discover that their staff work fewer hours.
4. Minimal Impact on High-Skilled Workers
The National Bureau of Economic Research and MIT conducted a research that found that the lowest-skilled workers stand to gain the most from current AI advancements. Low-skilled and mid-skilled labour can benefit the most as generative AI automates more activities and gains more context awareness.
High-skilled positions, on the other hand, might only get a limited amount of help from AI because they demand more human interaction and sophisticated expertise. The reason for this is that AI recommendations are based on an individual's expertise and repetitive behaviours. As a result, high-skilled professionals receive less assistance from AI and may experience little influence from its adoption.
The use of AI in the workplace will have very little, if any, positive impact on employees with the greatest degree of competence. This is because there is less room for improvement because these top performers are already producing responses that are on par with AI-recommended ones.
Supercharge Your Productivity With Generative AI
We can anticipate that generative AI will have a big impact on the employment market and our place in it given the rate at which it is developing.
Some jobs will be more significantly impacted by the rise of generative AI tools than others. Upskilling yourself in fields where AI is still developing can help you stay relevant in the future.
