Posted 2/27/2024, 2:36:56 AM
AI Brings Benefits and Challenges - Requires New Skills, Data, and Creativity While Disrupting Jobs
- AI reduces labor requirements but increases skill requirements to implement it. There is a shortage of AI talent.
- AI simplifies application development but is expensive and complex to initially implement.
- AI automates tasks but demands more human creativity in using it. Over 40% of skills will be disrupted.
- Slow, inefficient organizations that would benefit most from AI are less likely to implement it well.
- AI requires huge data sets but can also improve data quality. Data is a bottleneck.