How Companies Are Using AI to Alleviate Labor Shortages

Three of every four companies have reported talent or labor shortages and difficulty hiring–a 16-year high. Profound social, economic and demographic changes have created unmet demands for workers in industries ranging from hospitality to logistics to healthcare. Executives across sectors are struggling to attract and retain talent and it's likely that labor shortages will remain a critical issue for many organizations moving forward. However, the rapid advances in artificial intelligence (AI) have the potential to significantly disrupt labor markets. Leading organizations are using AI technologies to reduce the impact of labor shortages and improve their competitive position, while also saving on costs. Here's how they're putting AI and big data to use: Some say a non-supportive and unpleasant work environment is the reason their employees quit, creating labor shortages.