Tag: IT

Discover how generative artificial intelligence (GenAI) could revolutionize industries like customer service, software development, marketing, and research & development. According to a McKinsey study, GenAI could increase annual productivity by 2.4 to 4.1 trillion euros, with industries like retail and consumer goods benefiting the most. However, the integration of this technology could lead to the automation of some complex and highly-paid jobs. Overall, GenAI is expected to contribute significantly to economic and technological growth in the coming years.

Zoho, a Chennai-based SaaS company, is developing an AI model to compete with Google and OpenAI. The LLM will summarise, paraphrase, and adapt to new tasks. Zoho's growth in India is impressive, spanning multiple sectors.

Over half of employed adults are nervous about AI platform ChatGPT potentially rendering parts of their job roles redundant, says a new survey. HR and education sectors appear to be most cautious, and it is predicted that translation services and web development are those most at risk. While many workers acknowledge the value of a human touch, and new tech brings new opportunities, 39% are still looking to use ChatGPT to streamline work processes, with 82% of users noticing an improvement in productivity. Regardless of how secure people feel in their roles, it is vital to learn new skills.

Over half of IT, finance, and business service employees are worried about AI platforms taking over aspects of their jobs, according to a survey by professional training company, STL. Customer service, coding, and writing tasks were all identified as the roles most likely to be replaced by AI, leading almost a third of respondents to express uncertainty about the skills they would need to remain relevant. Despite this, the majority of those polled believed that AI could not fully replace the human touch in the workplace.

Generative AI market is projected to reach $1.3tn by 2032 due to customer-driven AI tools like ChatGPT & Bard. Nvidia, Amazon, and Microsoft are set to benefit.