How The AI Revolution Is Augmenting The New World Of Work – Techfinancials.co.za

Its an amusing irony that, for many of us, the quickest way to find answers to questions like these is via the technology that inspired them.

Artificial Intelligence (AI) has become part of the fabric of our daily lives, with smart assistants and technology now in millions of properties around the world. According to Statista, sales of Amazons Echo units reached 32 million in 2018 and are expected to hit 130 million by 2025.

Advances in technology also form the foundation of the worlds shift towards hybrid work, which has been accelerated by the COVID-19 pandemic.

Herding people to the office is looking increasingly obsolete, expensive and inconvenient, says IWG Founder and CEO Mark Dixon.

In some cases, data saved in the cloud isnt even in the same country as the staff accessing it. So why should workers go to the effort and expense of dragging themselves into work to spend the day working on a device that they have brought with them, and will return home with at the end of the day?

Now, companies as diverse as Standard Chartered Bank, NTT and Google are committing to hybrid working for the long-term, recognising its benefits for business as well as the work-life balance of employees. IWG has added more than a million new users to its global network of flexible workspaces in the first half of 2021.

Like the hybrid approach, modern AI can enhance our working lives, helping us to increase productivity and improve our wellbeing. Here, we explore how AI is making us happier and more effective at work.

In large firms, AI is already playing a part in the recruitment process, pre-screening candidates before members of the HR team review their applications.

Skills assessments, which help companies to decide who to invite for interviews, have been gamified by AI firms including Pymetrics. Its software allows candidates cognitive and emotional qualities to be appraised without fear that biases based on their race, gender or socioeconomic status might influence the outcome.

Modern Hire, another company that provides AI solutions for recruitment, has worked with more than 700 brands including Amazon, P&G and Walmart. It claims that services including automated interview scoring have been proven to be over three times less biased than human interview scorers and can help to ensure a fair, complete and objective hiring experience.

In theory, then, AI can help prevent you being recruited for a role that may not suit you. In addition to this, some companies are also using AI to further screen unsuccessful applicants, inviting them to try for alternative roles they might find more fitting.

When it comes to onboarding, forward-thinking companies such as Unilever have harnessed chatbot technology to help make sure no new hires question no matter how small goes unanswered. Its tool, Unabot, can offer information on everything from payroll problems to where workers will find parking spaces.

People who work in customer-facing roles might worry more than most about the rise of AI and chatbots in particular. While its true that theyre capable of handling a high percentage of basic queries, smart business leaders understand that chatbots need to work alongside human beings rather than replace them.

Chatbots can triage customer issues, addressing simple problems and freeing up staff to deal with more complex questions.

AI has a role to play when it comes to retaining, as well as recruiting staff. Technology can support ongoing professional development, which is always a priority for ambitious workers who are keen to learn from more experienced colleagues.

Engineering firm Honeywell has developed virtual reality (VR) and AI-based training tools that allow users to test their competency in challenging situations. The VR software presents them with simulated problems and also footage of workers real-life experiences, which is captured by engineers wearing specially designed headsets.

AI can also augment our working lives by performing dull, repetitive tasks such as arranging meetings or creating to-do lists on our behalf.

Microsoft Office 365 already standard software in many workplaces around the world has an array of simple AI features. Outlook, for instance, can scan messages and offer users a daily reminder of things theyve committed to do. Its calendar is able to link specific documents to scheduled meetings, identifying what might be pertinent based on analysis of titles, contents and origins.

AI is also being used at a deeper level by some companies keen to improve productivity, on the basis that data can identify problems more objectively than people.

In his upcoming book, Scary Smart, Mo Gawdat argues that AI systems make mistakes because the data they are fed reflects our imperfect world. Gawdat, former Chief Business Officer of Google [X], predicts that by 2049 AI will be a billion times more intelligent than humans but says that this does not mean a Terminator-style calamity is inevitable.

We are replicating human intelligence with machine learning, Gawdat says. Just like an 18-month-old infant, machines are learning by observing. What we show AI is critical, Gawdat argues, as it is fair to imagine that AI might be the last technology we humans invent Once [systems] are smart enough, they will solve the next problem on our behalf.

Gawdat is clear that, for all its superior processing power, the buck stops with human beings when it comes to the effects of the AI we develop.

We need to fill the world with compassion and kindness if this is what we want to pass on to future generations, he insists. We need to make sure that those machines work on our side.

And, as we all start looking dimly forward to a post-COVID world, it is going to be fascinating to see how the world of work emerges post the pandemic. Certainly, the digital transformation that it has so dramatically accelerated will be here to stay. Equally permanent will be the move towards more flexible workspaces and job profiles.

Employers are realising that flexibility increases productivity and that giving their staff the opportunity to engage with their work on a variety of platforms, both physical and digital, increases both collaboration, productivity and employee loyalty.

IWG is leading the workspace revolution. Our companies help more than 2.5 million people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services.

Digitalization and new technologies are transforming the world of work. People want the personal productivity benefits of living and working how and where they want. Businesses want financial and strategic benefits. Our customers are start-ups, small and medium-sized enterprises, and large multinationals. With unique business goals, people and aspirations. They want workspaces and communities to match their needs. They want a choice.

Also read: Heartwood Properties Is Building Hybrid Offices With Innovative Future-Focused Features In Somerset West West

Go here to see the original:

How The AI Revolution Is Augmenting The New World Of Work - Techfinancials.co.za