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Research and development in artificial intelligence (AI) have existed since the early 1950s. However, it was only in the past decade that AI development has truly accelerated, and its applications in the business world exploded across industries. This acceleration was enabled by foundational elements such as unparalleled processing power, unlimited storage capacity, global connectivity, low […]
There’s been a lot of discussion around the extent to which artificial intelligence (AI) and other technologies will displace human workers in the not-too-distant future, but there hasn’t been much discussion about the ways AI can be used as a powerful tool in supporting human workers’ training and development. Here are just a few ways […]
The hiring process has long been tedious and time-consuming. Finding the right employees for your business meant plenty of work for your HR department. This procedure is not only time-consuming but also costly. The nature of recruitment and hiring is starting to shift, though. With advancements in AI and automation, much of the tedium that […]
As artificial intelligence (AI) technologies grow in sophistication, businesses are increasingly turning to them to streamline processes, increase efficiency, and improve productivity. HR professionals are under pressure to integrate AI tools into their recruitment, training, and performance evaluation processes to keep pace with this rapidly evolving landscape. While AI promises many benefits, there are also […]
Artificial intelligence (AI) chatbots have grabbed headlines in recent months for their rapid advances and apparent sophistication. For example, ChatGPT, one of the better-known AI chatbots, recently made waves by successfully completing a number of law and business exams at top U.S. universities. There’s a vigorous, ongoing debate over the implications of the sophistication and […]
The growing importance of artificial intelligence (AI) has the potential to fundamentally disrupt the labor market, but not necessarily or always in the way most casual observers might assume. While AI and other technologies always have the potential to displace human workers, in many (if not most) cases, the motivation is actually to complement human […]
We usually think about automation and artificial intelligence having roles in performing low-skill, mundane tasks; the type of work that is tedious for humans to perform. In that context, the use of such tools may displace some human labor, but it also frees up (currently scarce) human labor to focus on higher-level and more rewarding […]
Tech is a dynamic industry by its very nature, and the skills that are in high demand today may be obsolete in a year or two. This industry, then, is no stranger to workforce disruptions, including the large-scale layoffs sweeping the industry in recent months. But things might be a bit different this time around, […]
Despite economic headwinds, the labor market remains tight. While there may be some softening of the U.S. labor market, hiring quality talent will remain challenging. This expectation is based on recent Employ Inc. data and Bureau of Labor Market Statistics, which projects that the U.S. labor shortfall will continue through 2030. When finding quality talent, […]
The business world is currently abuzz with talk about artificial intelligence (AI). With incredibly intuitive tools such as ChatGPT making headlines outside of traditional tech circles, many businesses are wondering how they can integrate AI into their processes and whether it will help with or hinder their compliance efforts. AI is a powerful tool that […]