Tag: Productivity

Bank of America's new AI-powered tool, Banker Assist, is revolutionizing banking. With access to internal and external databases, Banker Assist helps bankers research clients and increases their efficiency by saving hours of research for each client brief. The goal is to increase productivity while also identifying credit lines and relationships with competitor banks. Bank of America is focused on deploying tools that truly understand client's needs and increasing employee effectiveness.

A KPMG survey revealed that Millennials and Gen Zers are anxious about how AI will impact their careers. Younger generations are concerned due to their early exposure to technology. However, this concern could lead to training programs to use AI responsibly. As AI is predicted to boost productivity, it could disproportionately affect white-collar workers in mid-career. Half of those surveyed are thinking about switching jobs to reduce exposure to emerging tech, but KPMG plans to train people on responsible use of Gen AI to increase efficiency.

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ZainTech has partnered with Mastercard to offer innovative data-driven solutions for businesses in MENA. This collaboration will pave the way for advanced analytics and AI adoption and streamline clients' operations, enhancing productivity and cost savings. The partnership will catalyze the development of unique data solutions that will directly benefit enterprise clients, making AI and machine learning revolutionize business processes.

AI experts predict that technology will cause significant job market disruption. AI-powered ChatGPT is expected to replace several positions, requiring employees to adopt problem-solving and communication skills. The impact of AI also raises concerns over national security, and some industries have restricted AI tool use. However, AI also offers new job opportunities and increases productivity, marking society for a responsible and safe transition.