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Gen Z faces 'job-pocalypse' as global firms prioritise AI over new hires, report says
The race to adopt AI is putting entry-level roles among those at risk. The race to adopt AI is putting entry-level roles among those at risk. Gen Z faces'job-pocalypse' as global firms prioritise AI over new hires, report says Young people entering the workforce are facing a "job-pocalypse", as business leaders invest in artificial intelligence (AI) rather than new hires, according to a study of global business leaders. Bosses are prioritising automation through AI to plug skills gaps and allow them to reduce headcount, instead of training up junior members of staff, a report by the British Standards Institution (BSI) found. Four in 10 (41%) of bosses said AI was allowing them to cut the number of employees in a survey of more than 850 business leaders across seven countries: the UK, US, France, Germany, Australia, China and Japan.
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What Does ChatGPT Really Mean For Your Job?
Every now and then, a new application comes along that gets everyone excited (and perhaps a little scared) about the possibilities of artificial intelligence (AI). Right now, the app of the moment is undoubtedly ChatGPT – the conversational AI interface built on the GPT-3 large language model. More so than anything that has come before it, ChatGPT is capable of producing just about any kind of text or written output to a quality that – very nearly – appears as if it was written by a human. What Does ChatGPT Really Mean For Your Job? Every time AI hits the headlines, it prompts discussions about whether it's going to put humans out of work. The World Economic Forum, however, has stated that while some jobs may become redundant, people won't.
If Data is the New Oil, Data Intelligence is the Refined Fuel - Express Computer
By Aditya Malik, Founder, ValueMatrix.ai What oil was in the 18th century, data is in the 21st century – immensely valuable and influential. With the run towards AI supremacy, businesses and organizations possessing qualified and unbiased data win. However, the data openly available is marred with conscious and subconscious bias, largely due to woke or un-woke nature of humans. We don't know what we don't know – right or wrong is only temporary, as in always waiting to be judged with time.
The 7 Best Examples Of How ChatGPT Can Be Used In Human Resources (HR)
Human Resources (HR) departments play a critical role in managing an organization's most valuable asset -- its people. From recruiting new talent to managing employee benefits and compensation, HR teams are responsible for ensuring a company's workforce is engaged, productive, and motivated. HR departments can now leverage AI tools like ChatGPT to streamline their processes and achieve greater efficiency. ChatGPT can be a powerful tool for HR professionals in a variety of ways, including automating repetitive tasks, providing real-time support to employees, and enhancing the overall employee experience. Let's dive into some specific use cases for ChatGPT in human resources and talk about the benefits these types of language models can bring to HR departments and organizations as a whole.
Help! My Mom Is Catfishing a Guy Online--By Pretending to Be Me.
Our advice columnists have heard it all over the years. Each Sunday, we dive into the Dear Prudie archives and share a selection of classic letters with our readers. For the past few months, my mom has been catfishing a guy online and I don't know what to do. Earlier this year, I decided to give online dating a try and signed up for a free online dating site. My mom was very supportive and interested in me finding someone, and, unbeknownst to me, created a fake profile to scope out the site.
AI takes aim at employee turnover
Employees are quitting jobs at record rates and companies are having a hard time luring them back. Exacerbating the problem is the fact that employees are now frequently working from home, making it harder for managers to identify employees who are unhappy. Plus, getting new hires up to speed is more challenging when they can't attend in-person training sessions or shadow experienced employees. To solve all these issues, companies are increasingly turning to artificial intelligence. But there's a limit to how much AI can do.
The Ten Commandments For Using AI In Hiring Decisions
Thou shalt not exploit workers in the 4th Industrial Revolution. The Great Resignation has opened people's eyes as to what is possible when workers push back--when they say enough is enough. Since its start, more than 50 million Americans have voluntarily left their jobs. Many cited dehumanizing conditions and lack of respect from their employer as reasons. Want your new hires to feel like more than cogs in the machine?
AR & VR In Manufacturing: 5 Things You Need To Know
Competition is tight in the manufacturing sector, and the ability to bring new products to market fast is often key to success. This is where VR, MR, and AR can enhance product design, essentially by helping to speed up the creative process. Indeed, many manufacturers are already using XR technologies to improve their product design and development. Ford is one such manufacturer. At Ford, designers use the Microsoft HoloLens headset to design cars in mixed reality.
At Wellington, Portfolio Managers Also Code
It's been a long time since there was a hard line between a fundamental active manager and a quantitative investor using advanced computing techniques to uncover ideas. Even as the line has blurred recently, Michael Masdea, head of Wellington Management's Investment Science Group, said his number one job is to preserve the art in investing while bringing in sophisticated computing capabilities to support the firm's active managers. "We think that the balance of art and science is critical. Machines can't pick securities, but they can help a lot with the process around picking securities," said Masdea, who is a former semi-conductor analyst at Wellington as well as an equity portfolio manager. The Investment Science Group is focused on applying scientific techniques, such as data analytics, to everything from how portfolio managers come up with new ideas and implementing them to maximize returns, to developing professional investors, which includes uncovering and mitigating the downside of their behavioral biases.
Using Conversational AI to Make Humans Better at Work, and Work
Written by Greg Vert, Senior Manager at Deloitte Consulting. If there's a silver lining to be found amid the devastation of the global pandemic it might be the way it's snapped everyone's priorities into sharp focus. From a business perspective, the boundaries between work and life have disintegrated for virtual workers, and frontline workers are busier than ever. Organizations need to respond by reimagining the way they support and empower their workforces using technology. Thankfully, this urgent need to evolve workforce experiences coincides with the continued evolution and availability of AI solutions, presenting opportunities to make renewed investments in well-being.