Posted on 04/05/2024 10:22:47 AM PDT by SeekAndFind
Artificial intelligence will lead to fewer employees at companies in most sectors, according to an exhaustive survey of executives by the Swiss staffing company The Adecco Group (OTCPK:AHEXY).
The survey found 41% of companies expect fewer people employed at their organization in five years due to AI and generative AI. What's more, only 46% of employers plan to redeploy workers internally if their jobs are displaced by AI.
The survey, "Leading through the great disruption 2024," involved 2,000 C-suite executives spanning nine countries. It was conducted in collaboration with Oxford Economics.
The study's authors suggest companies should take a "human-centric approach to AI." It also finds it is more financially feasible to train existing employees to work with new AI tools rather than hiring new AI talent.
"Our research shows that many leaders don't have a clear understanding of the disruption that lies ahead," said Adecco Group CEO Denis Machuel. "Responsible, human-centric talent strategies will be paramount to manage growing pains and build the right workforce for success, all while creating opportunities for personal growth."
However, this is not the path most companies are outlining. The survey found 66% plan to hire AI-skilled talent, while only 34% plan to build skills internally. Adecco does not believe this strategy is sustainable as this "buy" mindset will inflate wages.
"Leaders in strategic roles are less convinced about the business benefits of AI compared with those in operational roles," the study finds. "That will have to change, or companies will struggle to move beyond the experimentation phase."
A larger percentage of companies in Canada, the U.K. and the U.S. are better prepared to navigate the AI disruption than their global peers...
(Excerpt) Read more at msn.com ...
In California, AI is coming to drive-thru windows for fast food joints - due to $20/hour minimum wage.
But the overlords state the economy is BOOMING!!!
RE: AI is coming to drive-thru windows for fast food joints - due to $20/hour minimum wage.
And how much would that cost to the fast food owners?
Of course. It’s automation. You only need a few people who can run/maintain the AI. Perhaps you will still need a few warm bodies to deal with escalations or trickier things, but certainly not as many as before. Welcome to our Brave New World.
Artificial intelligence will lead to fewer employees at companies in most sectors, according to an exhaustive survey of executives
“Technology is NEVER a substitute for good management.”
Good management knows how to use technology.
What the heck is "Eightfold AI"?
This is hand in hand with what my 3rd grade teacher was saying. Flying Jetson’s cars and computers and robots were going to be doing all the hard work and we will have so much free time to enjoy our human existence.
“And how much would that cost to the fast food owners?”
CHEAP!!! AI tools can be run on cheap computers and even mini computers like Raspberry Pi (About $40). If one makes their own tools with open source AI bots it won’t cost must at all. I use AI to program my cheap arduinos and PLC programs. What takes my hours takes AI minutes.
I dabbled in fast food automation but, unfortunately, the big guys are keeping it in house and will most likely lease or rent the systems to the franchise owners.
Anybody can get a cheap sign made for their building. I worked for a lot of startups and getting signs made was easy.
I’ve never heard of them. Are they an AI powerhouse? Why would their name be up there with all the big tech dogs?
Early assembly lines were full of employees doing simple repetitive tasks. Robots replaced the simple repetitive tasks and eliminated the low skill humans, but it required higher skill humans to maintain the robots. We're seeing another iteration where AI can replace some of the higher skilled humans, but requires even more skilled humans to maintain the AI.
AI likely to destroy a lot of competition.
The Jetsons didn't anticipate the elites and WEF who intend to reduce the number of "useless eaters" with free time to enjoy human existence.
“In California, AI is coming to drive-thru windows for fast food joints - due to $20/hour minimum wage.”
The obsolescence of humans might be coming anyway. People have been on their way out ever since the wheel was invented.
It makes sense to rent or lease that kind of system. It will need regular updating and the ROI as a capital investment would not make sense. It's more of a "cloud" model. Rent a small part of a huge resource only as long as needed.
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