Businesses need three years to prepare for AI impact

A new survey of 600 human resources (HR) managers and directors in the UK shows that it will take three years to prepare for the impact of AI on the workplace, yet 99% say artificial intelligence (AI) will I believe it will benefit you.

Nearly 40% said it would take at least three years before they were ready for the impact of AI on their role and said they were fully prepared for the potential impact of AI on their workforce. Less than 1 in 6 (15%) answered. in this year.

Nearly 40% have invested in a technical team to integrate AI, and 35.5% are already trialling AI in their business.

The survey, commissioned by YOHO Workplace Strategy, a research-driven consulting firm, asked respondents which jobs would be most impacted by AI.

Not surprisingly, IT and technology jobs top the list (27%), followed by finance and accounting (23%), customer service and support (22%), and sales and marketing (22%). ), healthcare and media ( 21%).

YOHO Workplace Strategy CEO Grant Price said: “AI could be the biggest disruptor to how we work since the industrial revolution.

“Our research suggests that businesses will not be ready for the dramatic changes AI will bring about until three years from now.

“But all sources suggest AI will be fundamentally changed by then, and companies need to prepare for it now.”

Weigh the pros and cons
The survey also revealed the top five concerns about AI in the workplace. This included lack of human interaction (30%), overreliance on technology (30%), technical issues (29%), ethical considerations (29%), and security and privacy concerns (29%). %).

The types of benefits respondents expect are better decision support (32%), productivity and efficiency (30%), automation of routine tasks (30%), increased innovation and creativity (30%), and other. was evenly divided between improvements in Resource allocation and time management (29%).

Different reactions from different age groups were also revealed. Among senior executives aged 18-34, the top concern was that AI could reduce human interaction and make companies more dependent on technology (36.4%). Meanwhile, security and privacy were the top concerns among those aged 35 to her 55+ (29%).

A majority (82.5%) of HR professionals surveyed feel they are aware or fully aware of the potential impact of AI on the job market, with more than a third (36.92%) expect the benefits to outweigh the drawbacks.

Leave “people” in human resources
YOHO Workplace Strategy CEO Grant Price added: “aI intend to displace jobs rapidly, which will create new jobs, but they are unlikely to be at the same rate as the jobs displaced. AI can turn data into actionable insights quickly, and the winners will be the companies that turn to leveraging its capabilities the fastest.

“Born in a world dominated by technology, Gen Z will likely be able to adapt faster and take advantage of AI capabilities as technology continues to evolve.

“With increasing pressure to allow AI to recommend changes to our HR and business strategies, the question is whether we can find a way to maintain sufficient control before giving it that role. .”

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