New data shows most employees are experimenting with AI and improving their skills Now it's every leader's job to translate this experiment into business impact.
REDMOND, WA — May 8, 2024 — On Wednesday, Microsoft Corp. and LinkedIn released the 2024 Work Trend Index, a joint report on the state of AI in the workplace. “AI comes into play.Now comes the difficult part.” The research is based on a survey of 31,000 people in 31 countries, LinkedIn labor and employment trends, trillions of Microsoft 365 productivity signals, and surveys with Fortune 500 customers, including just 1. This year shows how AI is impacting the way people work. , which employs leaders around the world. Microsoft also announced new features for Copilot for Microsoft 365, and LinkedIn is offering more than 50 free learning courses to LinkedIn Premium subscribers, designed to help professionals of all levels improve their AI capabilities. Did.[1]
The data is as follows. 2024 is the year when AI will become a reality. The use of generative AI at work has nearly doubled in the past six months. LinkedIn has seen a significant increase in professionals adding AI skills to their profiles, and most leaders say they won't hire people without AI skills. But as many leaders worry about the lack of his AI vision in their companies, and as employees bring their own AI tools to work, leaders are looking to move from experimentation to tangible business impact. We have reached the difficult part of technological disruption: migration.
“AI is democratizing expertise across the workforce,” said Microsoft Chairman and CEO Satya Nadella. “Our latest research highlights the opportunity for all organizations to apply this technology to drive better decision-making, collaboration, and ultimately business outcomes.”
This report highlights three insights that all leaders and professionals need to know about AI's impact on jobs and the labor market in the year ahead.
- Employees want to leverage AI in the workplace and are not waiting for companies to catch up. 75% of knowledge workers are currently using AI in their workplace. Many employees struggle to keep up with the pace and volume of work, but say AI saves them time, increases their creativity, and allows them to focus on the work that matters most. However, while 79% of leaders agree that implementing AI is essential to staying competitive, 59% are concerned about quantifying productivity gains from AI, and 60% are concerned about quantifying productivity gains from AI. say their companies lack a vision or implementation plan. So employees are taking matters into their own hands. 78% of AI users bring their own tools to work – Bring Your Own AI (BYOAI) – missing out on the benefits of strategic use of AI at scale and putting corporate data at risk exposed to The opportunity for all leaders is to translate this momentum into large-scale business impact.
- For employees, AI will raise the bar and break the career ceiling: While AI and unemployment are top of mind for many, the data paints a more nuanced picture. This means there are hidden talent shortages, employees looking to change careers, and huge opportunities for those looking to upskill in AI. The majority of leaders (55%) are concerned about whether they will have enough people to fill their roles this year, with cybersecurity, engineering, and creative design leaders feeling the pinch the most. And the experts are watching too. Globally, 46% are considering leaving their jobs within the next year, the highest since 2021. Another LinkedIn study found that the number in the US is even higher, with 85% considering changing jobs. Two-thirds (66%) of leaders think they won't hire people without AI skills, but only 39% of users from their company have received AI training Only 25% of his companies expect to provide. Therefore, professionals are trying to improve their own skills. As of the end of last year, he had 142x more LinkedIn members adding AI skills like Copilot and ChatGPT to their profiles, and non-technical professionals using his LinkedIn Learning courses to improve their AI aptitude. has increased by 160%. In a world where mentions of AI in LinkedIn job postings increase application growth by his 17%, this goes both ways. Organizations that empower their employees with AI tools and training will attract the best talent and give better-skilled professionals an edge. .
- The rise of AI power users — and what they reveal about the future: The study identified four types of AI users, ranging from skeptics who rarely use AI to power users who use AI frequently. Compared to skeptics, AI power users are reorienting their workdays in fundamental ways, rethinking business processes, and saving more than 30 minutes per day. More than 90% of power users say AI makes their massive workloads more manageable and their work more enjoyable, but they're not doing it themselves. These users are 61% more likely to have heard from their CEO about the importance of using generative AI in their work, and are encouraged by their leaders to consider how AI can transform their capabilities. 53% more likely to receive personalized AI and 35% more likely to receive customized AI. Training tailored to specific roles or functions.
“AI is redefining work and clearly requires new strategies,” said Ryan Roslansky, CEO of LinkedIn. “Leaders who value agility over stability and invest in building internal skills give their organizations a competitive advantage and create more effective, engaged, and fair teams.”
Microsoft is also announcing Copilot for Microsoft 365 innovations to help people get started with AI.
- new Auto Complete The feature will now appear in the prompt box. Copilot will now be able to provide stronger results by suggesting users who initiate a prompt to complete it, and by suggesting more detailed prompts based on what they type.
- When people know what they want but don't have the right words, new rewrite Copilot's features turn basic prompts into rich prompts with the click of a button.
- catch up is a new chat interface that reveals personal insights and provides responsive recommendations based on your recent activity. For example, Copilot flags upcoming meetings and provides relevant information to help participants prepare.
- New features in Copilot Lab also enable people to create, publish, and manage prompts tailored to themselves and their specific teams, roles, and functions.
These features will be available in the coming months.
LinkedIn also offers AI tools to give you an edge in your career.
- To improve your skills. LinkedIn Learning offers 22,000+ courses, including 600+ AI courses, to help you sharpen your generative AI aptitude, equip your team to make business investments with GAI, or simply keep honing your skills. I can. This includes over 50 new AI learning courses to help professionals of all skill levels. The new course is free and available to everyone until July 8th. Additionally, LinkedIn Learning's new AI-powered coaching helps learners find the content they need to grow their skills faster with more personalized, guided, conversational learning.
- For career advancement. If you're a LinkedIn Premium subscriber, you'll also get AI-powered personalized points for any post, article, or video (from articles to commentaries) in your LinkedIn feed, delivering personalized, relevant insights, including actionable ideas and actions. and opportunities that will help you in your daily career.
- For job hunting. And if you're looking for a career change, we're making it easier and faster to find your dream job. New AI-powered tools allow you to assess your suitability for a role based on your experience and skills in seconds, and get advice on how to stand out. Subscribers will also see nudges like skills to build and expert suggestions.network of contacts etc.. So far, over 90% of subscribers who have access have shared that it has helped them in their job search.
To learn more, visit Microsoft's official blog, the 2024 Labor Trends Index report, and connect with LinkedIn to hear from Karin Kimbrough, the company's chief economist.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) creates AI-powered platforms and tools to deliver innovative solutions that meet the evolving needs of our customers. With a mission to empower every person and every organization on the planet to achieve more, the technology company is committed to making AI widely available and doing so responsibly. I'm here.
about linkedin
LinkedIn connects professionals around the world to increase productivity and success, transforming the way companies hire, learn, market, and sell. Our vision is to create economic opportunity for every member of the global workforce through the continued development of the world's first economic graph. He has over 1 billion members on LinkedIn and has offices around the world.
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[1] The course is free until July 8, 2024.
