Has the Recent Advancement in AI Spurred Innovations in the Corporate Sector?

AI technology in the workplace is no longer a futuristic thought. It has magnified the corporate sector, transforming the way we work.

The Rise of AI in Workforce

The era of digitization has transformed application management services by automating repetitive tasks, improving efficiency, and minimizing human error.

According to Equal Employment Opportunity Commission (EEOC) Chairwoman, Charlotte Burrows, 80% of employers utilize AI for work and employment decisions.

Have you ever wondered if AI could speed up certain organization processes by using NLP, ML, and information retrieval techniques? If we could leverage AI systems to achieve the unthinkable?

Today, several applications and software are used in the workplace to boost productivity and efficiency, lower costs, and meet ever-evolving market demands.

You know those monotonous tasks, like tracking attendance and managing payroll that would take hours? Thanks to AI that works like a taskmaster.

Apps such as factoTime, let’s you track the timings of your employees and calculate their salaries.

AI is becoming ubiquitous and the number of possibilities it can offer is endless. Let’s assume you want to streamline tasks for your team. What’s better than offloading that extra workload to AI?

Project management tools like Trello can help keep your group members on the same track. And it’s not just that. It makes it simple to manage your teams and projects, no matter how small or large they are.

AI’s influence on the workforce doesn’t end there.

When it comes to finance, we all can agree it’s the foundation of every company. In order to maintain the foundation, finance and accuracy must go hand-in-hand.

Sage, an account management tool, allows you to store and access accounts related to your organization. The best part? The app displays accounting data in graphs and data boards for better understanding.

Ever predicted if AI systems could help with marketing? Or the hiring process? All these possibilities are now actively unfolding within the corporate world.

With Mailchimp’s powerful automation tool, you can easily streamline your marketing campaigns, design landing pages, and send wonderfully designed emails to customers, and business partners.

TurboHire, which is driven by AI, allows working individuals to automate jobs like a cakewalk. Also, the app assists recruiters in creating job boards, screening candidates, tracking hiring progress, compiling data, and making recruiting intelligent.

According to a report from Deloitte in 2018, the adoption of automation, robotics, and AI is rapidly gaining momentum.

The power of AI is not limited to employers. Who would have thought there would be specific apps available to help with creating or refining the resume standard for those seeking employment?

AI technologies have witnessed a resurgence because of the progress in machine learning, natural language processing and computer vision.

Computer vision technology is widely used in various apps across several industries.

Let’s explore a few:

Face recognition technology for unlocking smartphones.
Augmented Reality apps like Pokemon Go overlay virtual objects onto the real world
Medical Imaging and Healthcare
Autonomous Vehicles

In regards to workplace safety, we can all rely on AI for being our saviour. It acts as an expert in tackling responsibilities that may have high risk factors utilizing computer vision innovation.

Picture this scenario: a group of workers are exposed to various risks in a construction site. Drones with Artificial Intelligence conduct aerial inspections to detect risks. This idea reduces human involvement in such hazardous situations.

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What Does the Future with AI Look Like?

We have all heard the projections that AI will eventually replace humans. This remains to be analyzed. On the plus side, AI tools are presently available to help us.

Let’s face it, we all get overwhelmed with work.

AI softwares have our backs and can do wonders in alleviating workload burden.

The popular ChatGPT by OpenAI can assist in workload management, taking care of certain tedious tasks on our behalf.

On the contrary, a recent study by the University of Pennsylvania states that 80% of the jobs in the United States are most likely to be impacted by AI.

Also, several predictions are circulating that millions of people would be unemployed in the coming decades. That is debatable.

The biggest drawback of AI technology is that it’s driven by data and algorithms. It lacks the presence of human emotions and behaviours that people recognize.

If a client/customer has an issue, some will still prefer to speak with a real customer care representative rather than a chatbot.

AI, however, won’t replace the need for human involvement in most scenarios. It is meant to empower workers in various industries. We can leverage Artificial Intelligence tools to make lives easier for us.

Some individuals will find themselves collaborating with robots in their work, while others will pursue careers that are currently beyond our imagination.

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