3 ways AI will shape the future of work Sage Advice US

Lost productivity costs United States businesses nearly $11,000 per second--or about $335 billion per year. One root cause of that productivity drain is the time employees devote to performing routine, manual administrative processes, particularly in accounting and HR. But there's good news for business leaders: emerging automation and artificial intelligence (AI) technologies promise to relieve the burden--and the lost productivity--these admin duties create. And employees, freed from time-consuming admin responsibilities, will gain more opportunities to do their best work and become true experts in their roles. I had the honor of addressing these topics with global leaders on a 2018 HOPE Global Forum panel, moderated by Forbes editor Loren Feldman. Fellow panelists included Dr. Mark P. Becker, president of Georgia State University; Harry Wilson, chairman of MAEVA Group; and Dennis Lockhart, former president of the Atlanta Federal Reserve.