Embracing AI: The Future is Now!
Utilizing AI is only half the challenge, but a recent report indicates that not attempting to do so is a risky move. However, it is crucial to properly prepare and train your employees beforehand.
While many organizations are afraid of AI failure, those who embrace it actually reap the benefits.
When generative artificial intelligence first burst upon the scene, the technology showed potential for making people’s everyday lives easier. Now, AI solutions have been developed to help enterprises optimize their operations, and here’s why you might want to consider using them in your business.
AI: A Game-Changer for Businesses
Pluralsight’s AI skills report surveyed 1,200 executives and IT professionals across the US and the UK to better understand how organizations deploy AI and its effects on businesses and their employees.
The report found that implementing AI in organizations had promising results, with 97% of organizations that have already deployed AI technologies benefiting. Moreover, 18% reported experiencing increased productivity and efficiency, 13% reported improved customer service and repetitive task reduction, and 11% said AI reduced business costs.
Despite the benefits, 25% of these organizations said they don’t have plans to deploy AI, while 20% already have and 55% plan to. The hesitation stems from inadequate budget or talent required to use the new tools properly.
A majority of the professionals acknowledged that hesitation could be disastrous in the long run, with 94% of executives and 92% of IT professionals sharing that organizations investing in AI in the near future will be better able to compete, according to the report.
The Talent Challenge: Upskilling for Success
However, the lack of talent to properly use the new tools is an obstacle to the successful implementation of AI, and the report finds that the answer may lie in organizations helping upskill employees.
The report cites IDC research that found investments in skills and digital training of employees will be organizations’ most enduring technology investments in 2023 and 2024, even over investments in generative AI solutions.
Out of the professionals surveyed, 95% of executives and 94% of IT professionals believe that AI initiatives will fail due to a lack of employees who do not know how to use the tools efficiently, again pointing to the need for investing in talent and training.
Investing in Talent and Training
Some ways to invest in talent and training include:
- Creating an AI skill development strategy before adopting AI technology.
- Assessing employees’ current AI knowledge and skills.
- Providing hands-on learning opportunities.
By empowering employees with the necessary skills and knowledge, organizations can unlock the true potential of AI and drive innovation, efficiency, and competitiveness. It’s time to turn our attention to investing in our human capital just as much as we invest in cutting-edge technology.
🤔 Q&A: Addressing Your Concerns
Q: What are the potential benefits of deploying AI technologies in businesses?
A: The benefits of implementing AI in organizations are vast. According to Pluralsight’s AI skills report, organizations reported increased productivity and efficiency, improved customer service, repetitive task reduction, and reduced business costs.
Q: Why are some organizations hesitant to adopt AI?
A: The hesitation to adopt AI stems from inadequate budget or the lack of talent required to use the new tools effectively. However, organizations investing in AI in the near future will be better able to compete according to the report.
Q: How can organizations overcome the talent challenge in implementing AI?
A: Upskilling employees is key to overcoming the talent challenge. By creating an AI skill development strategy, assessing employees’ current AI knowledge, and providing hands-on learning opportunities, organizations can ensure they have the right talent to leverage AI technologies.
The Future is AI
The rise of AI presents significant opportunities for businesses. With the right investment in talent and training, organizations can harness the full potential of AI and set themselves up for success in the rapidly evolving digital landscape.
So, are you ready to embrace AI and future-proof your business? Let’s unlock the power of AI together!
🌐 References:
- Generative AI: Making Everyday Life Easier
- Using iPhone 15 Showed Something Android Phones Get Wrong
- Best iPad Apps for Productivity in 2024
- I’m taking AI image courses for free on Udemy
- Data is the missing piece of the AI puzzle. Here’s how to fill the gap
📢 What are your thoughts on AI in business? Have you experienced the benefits firsthand? Share your experiences in the comments below and let’s start a conversation! Plus, don’t forget to share this article on your favorite social media platform to spread the AI love. 👍🤖✨
