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As companies evolve in the artificial intelligence (AI) era, PwC Global and US commercial technology and innovation officer Matt Wood joins Wealth Host Brad Smith to discuss what AI means for the organizations employing it, especially as the use of AI service agents rises in popularity.
"AI, as we see it today, is probably the single largest shift in how we're going to interact with data and information and each other, probably since the advent of the very, very earliest internet," Wood says.
He adds that organizations that invested "in the early internet 30 years ago went on to experience pretty tremendous growth in the intervening couple of decades, and it's my guess that organizations that are investing in generative AI today are going to experience the same, if not more, growth over the next ten, 20, 30 years going forward."
"Whilst there is some angst around what that means to the workforce, at least what we've seen at PwC is that organizations that are applying generative AI in a way, which is responsible, it actually makes the intelligence and the expertise of their existing workforce stronger. It doesn't replace individuals; it augments their abilities and their expertise and allows them to deliver much higher leverage for the organization."
Watch the video above to learn more about the impact of AI adoption on companies and workers.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Naomi Buchanan.
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As companies evolve in the artificial intelligence (AI) era, PwC Global and US commercial technology and innovation officer Matt Wood joins Wealth Host Brad Smith to discuss what AI means for the organizations employing it, especially as the use of AI service agents rises in popularity.
"AI, as we see it today, is probably the single largest shift in how we're going to interact with data and information and each other, probably since the advent of the very, very earliest internet," Wood says.
He adds that organizations that invested "in the early internet 30 years ago went on to experience pretty tremendous growth in the intervening couple of decades, and it's my guess that organizations that are investing in generative AI today are going to experience the same, if not more, growth over the next ten, 20, 30 years going forward."
"Whilst there is some angst around what that means to the workforce, at least what we've seen at PwC is that organizations that are applying generative AI in a way, which is responsible, it actually makes the intelligence and the expertise of their existing workforce stronger. It doesn't replace individuals; it augments their abilities and their expertise and allows them to deliver much higher leverage for the organization."
Watch the video above to learn more about the impact of AI adoption on companies and workers.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Naomi Buchanan.
Yahoo Finance: Market Coverage, Stocks, & Business News
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
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Francisco Gimeno - BC Analyst Many are scared about the disruption and transformation that AI will produce, in fact it is already producing, leaving many unemployed. But for those who are ready to adapt and go with the flow, the claim is that AI will make the existing workforce “stronger”, by enhancing productivity and efficiency, as AI will automate most routine tasks, allowing workers to focus on more complex and creative work, reducing workloads in many fields. It will also create new job opportunities that are non existent now, but are already emerging (we don’t know yet, but could be positions like AI ethics specialists, or AI trainers, algorithm auditors, etc. Ai is also starting to drive skill development, as AI related skills are in a greater demand than the average job skills, so we will have a workforce with new skills to operate AI driven technologies. In short, new opportunities, new skills, new positions, making a stronger workforce in the next future. We hope so.