Business leaders are struggling to fill digital transformation roles due to a global shortage of 85 million workers, which could cost the global economy $8.5 trillion in unrealized annual revenues. Traditional learning and development methods are not sufficient to bridge the skills gap, but hands-on learning can help. It enables learners to gain real-world experience in a safe space, boosts memory recall, and provides the opportunity to build skills for unknown roles. Upskilling with hands-on learning is the key to taking advantage of the opportunities created by automation and AI in the … read more >
Microsoft’s research study demonstrates the effectiveness of advanced prompting techniques such as Chain of Thought (CoT) reasoning, dynamic few-shot selection, self-generated chain of thought, and choice shuffle ensembling in causing a generalist AI (GPT-4) to outperform a specialist AI (Med-PaLM 2) that was specifically trained for a given domain. This research paper confirms insights that advanced generative AI users have discovered, and the Medprompt technique has the potential to be used to elicit high quality output in any knowledge area, eliminating the need to intensively train a … read more >
The article discusses how AI is evolving in the field of talent management and human resources. It explains how AI is being used for skills mapping to understand employees’ competencies and guide training and development. AI talent platforms analyze employee profiles, skills, achievements to match people with the right roles and projects. These platforms also facilitate internal mobility by identifying suitable next moves for employees.
A contrarian insight is that while AI promises enhanced efficiency, productivity and fairness in talent management, there are also risks around privacy, …
The article discusses the challenges that leaders face in managing knowledge within organizations and how generative AI can revolutionize knowledge management. Many companies have a wealth of knowledge but struggle to make it accessible to employees. Generative AI tools have the potential to solve this problem by creating, storing, and distributing knowledge effectively. For example, AI can generate content for organizational use by combining existing information, extract knowledge from large datasets, and facilitate communication between workers and knowledge systems. However, AI alone is not … read more >
ChatGPT, a chatbot developed by OpenAI, has made significant advancements in its first year since its launch. It has been utilized in various industries, such as education, entertainment, and software, and has proven to be a valuable tool for PPC marketers. Early uses for ChatGPT in the PPC industry include generating keyword ideas, ad group classification, composing ad headlines, and providing landing page optimization suggestions. The introduction of GPT-4 brought improvements in writing quality and mathematical abilities, making it useful for tasks like email campaigns and blog posts. … read more >
The article discusses the impact of AI on the job market and the need for businesses to adapt their business models. It highlights the importance of CEOs focusing on top-line growth and creating new revenue streams rather than solely reducing headcount. The article also raises concerns about data ownership and monetization in AI systems. It mentions the potential of multimodal AI systems and provides an example of using AI chat tools to analyze a panel discussion. Overall, the article emphasizes the need for thoughtful consideration and strategic decision-making regarding AI. read more >
This article by Wes focuses on the importance of raising standards in order to improve your team’s chances of success. Wes shares his experience of setting a high bar for quality and the benefits it brings. He explains that teams who refuse to settle and constantly strive for excellence are the ones who achieve innovation and success. On the other hand, teams with low standards make excuses and produce mediocre work, missing out on opportunities for growth. Wes argues that as a leader, setting high standards is crucial as it sets the tone for what is acceptable and celebrated within the … read more >
The article examines concerns around AI’s impact on jobs and wages based on research from European Central Bank. It states that while alarms of mass technological unemployment are overblown, the threat of depressed wages due to automation replacing routine tasks is real. Unexpectedly, groups most at risk are white-collar professionals like lawyers, engineers rather than lower-skilled workers.
A contrarian insight from the research is that AI can also provide productivity and efficiency gains that may compensate for lost incomes. Additionally, new specialized jobs may arise from …
HR teams are increasingly using automation, data, analytics, and artificial intelligence (AI) to bring about significant changes in how companies manage their people. This shift goes beyond just streamlining operations and enhancing efficiency, it also adds strategic value to organizations by freeing HR professionals from routine tasks so they can focus on more complex and creative responsibilities. The article highlights six key areas where HR is leveraging automation technologies: recruitment processes, employee onboarding, benefits administration, payroll processing, time and attendance … read more >
A recent study found that many American workers are experiencing increased stress levels, with personal finances being a major cause of concern. The study also found that workers are worried about politics, the economy, and the impact of artificial intelligence (AI) on job security. Moreover, the Pew Research Center found that job satisfaction among American workers is low, particularly when it comes to opportunities for training, pay, and promotions. The World Economic Forum’s Future of Jobs Report predicts that 44% of workers’ skills will be disrupted in the next five years, … read more >
