Published on May 8, 2024, 7:12 am

Generative Artificial Intelligence (AI) is making waves in the corporate world, prompting significant organizational changes as companies strive to transition from AI possibilities to practical applications. A recent April report by Deloitte’s AI Institute highlights this shift, indicating that many AI-savvy companies are moving past the initial infatuation stage with generative AI and focusing on turning workplace adoption into a reality.

According to the report, based on insights from nearly 2,000 leaders involved in implementing AI within their organizations, three-quarters of them are planning talent strategy changes within the next two years due to generative AI. These changes revolve around enhancing work processes and upskilling or reskilling employees to adapt to the evolving landscape of AI integration.

Deborshi Dutt from Deloitte Consulting LLP emphasizes the importance of scaling up and skilling up going hand in hand as companies aim to adopt Generative AI at an enterprise level. The report stresses that successful deployment requires organizations to not only hire new talent but also focus on training existing workforce members in both technical and human-centered skills.

Despite the push towards embracing generative AI, only 37% of respondents feel adequately prepared to address talent concerns related to its adoption. However, 39% of organizations are planning to increase headcount in the next year specifically because of generative AI initiatives.

Efficiency and productivity stand out as key anticipated benefits of generative AI adoption, yet many companies have not fully realized these advantages. Trust remains a pivotal issue holding back large-scale adoption, with only a fraction of organizations actively measuring worker trust and engagement as part of their talent strategies.

In response to the increasing presence of AI at work, organizational leaders are restructuring their setups by investing in AI talent, devising change management strategies, and establishing communication plans for employees. As the landscape continues to evolve rapidly with technological advancements like AI, HR professionals face uncertainties regarding work design changes moving forward.

Furthermore, while a significant portion of companies are investing in AI technologies, concerns about its business impact and implementation persist among half of these organizations. Common barriers cited include a lack of organizational expertise, employee skepticism towards new technologies, and regulatory lagging.

To stay abreast of industry trends and developments surrounding Generative AI and other technological advancements shaping the workspace today, subscribing to reliable sources such as CIO Dive’s free daily newsletter can provide valuable insights from industry experts directly into your inbox.

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