Technology Magazine April 2024 | Page 150

AI & ML

AI may be developing at a fast pace , but global workforces are currently not skilled enough to handle such rapid changes .

The technology holds great potential to transform the global business landscape , boosting productivity and improving workplace efficiency . However , whilst companies are keen to invest , they do not have the skills required to handle AI , so it is not utilised to its full potential .
Research conducted throughout 2023 found that many employees feared being replaced by AI , contributing to workplace anxieties . However , HSBC found at the start of 2024 that most businesses are considering how AI could advance employee skillsets , with 83 % surveyed planning to re-train their workforces to better utilise the rapidly developing technology .
As AI continues to play myriad roles moving forward , one thing is absolutely certain - it will impact nearly every job .
Competitive enterprise AI skills required Big tech companies are already starting to enact transformational changes in favour of boosting AI . SAP , for instance , recently announced plans to focus on upskilling workers and driving growth in AI business areas .
In a rapidly changing digital landscape that sees businesses continue to be impacted by threat actors exploiting business infrastructure , the need for employee upskilling is crucial . As a result of AI technology developing at such a fast pace , there are ever-increasing
150 April 2024