Disruptive Innovation Radar: AI Transforming Business

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AI: The Next Transformation

Your guide to real-world application

Disruptive Innovation Radar: AI Transforming Business

April 12, 2023 | Newsletters & Alerts

Our Disruptive Innovation Radar roundup features the latest news, trends and insights from the world of Artificial Intelligence. From breakthrough research to emerging applications, this roundup covers it all in a concise, informative, and easily accessible format.

Disruptive Innovation Radar

AI is transforming businesses in ways we never thought possible, from automating mundane tasks to replacing middle-tier workers. But what does this mean for the future of work? In this newsletter, we explore the case for and against digital employees, and how AI with a human face can help businesses prepare for the future.

Generative AI is transforming businesses by providing them with new ways to prepare

AI investment is booming. Some researchers expect overall AI investment to reach $500 billion by the end of the decade. Venture Capital firms say generative AI could generate trillions of dollars of economic value. AI created using modern AI technology is what’s known as “generative” AI. It’s starting to blossom and money is pouring in.

mpost.io

AI with a Human Face: The Case for—and Against—Digital Employees

Researchers from four academic institutions joined together to offer their insights on the future of the workforce where humans work side by side with digital employees, “AI with a Human Face,” in the newest March/April 2023 issue of Harvard Business Review. Drawn from interviews with founders and CEOs of companies such as Soul Machines, Pinscreen, Zozotown, and Synthesia, which have successfully deployed digital employees, the authors provided general guidelines to help companies identify opportunities for using digital employees within their organizations. While cautiously warning the compan...

www.ivybusiness.iastate.edu

Maximizing human potential with AI-enabled digital workplace

By Vivin George, AVP & Head – Offerings & Solutions, Digital Workplace Services, Infosys The workplaces of the future will require a human-centered strategy that makes the best use of employees’ talents and encourages them to be creative. Today most workplaces rank poorly in terms of efficient processes, easy access to information, or individualized experiences. Employers must harness AI to support the needs of every employee. Fortunately, the growth and democratisation of generative AI capabilities has made it possible to humanize the workplace. Artificial intelligence is evolving to bring ne...

www.crn.com

OpenAI Sees Promise in Humanoid Robots After Investing in Robotics Company

Norwegian-based robotics company 1X Technologies has successfully closed its Series A2 funding round, raising $23.5 million with OpenAI Startup Fund leading the round, with participation from Tiger Global and a consortium of Norway-based investors.

www.techtimes.com

Generative AI is coming for middle-tier workers’ jobs

Hundreds of reports over the past decade have attempted to model the long-term impact on the labour market of businesses adopting artificial intelligence and automation.But analysts are now scrambling to update those models based on the impact of generative artificial intelligence (AI) systems like ChatGPT, DALL-E, and LaMDA, which in a very short period have changed the AI game completely. Their potential for everything from content creation to computer coding is becoming more obvious by the day. They outperform the previous generation of...

www.nzherald.co.nz

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'AI will replace low-skilled employees': Uncertain times ahead for freshers

The impending fear of recession has already taken its toll on the job markets. Since the beginning of 2022, over 3,00,000 jobs have been cut globally by some of the big employers, such as Google, Amazon, Meta, etc. Companies are bracing for the recession not just by cutting jobs, but also by dialling back on campus hiring, delaying onboarding, and reducing training and skilling expenses. Moreover, now an additional fear has entered -- artificial intelligence (AI). The fear is largely about AI replacing low skilled labour, and it seems as if freshers and other entry level workers will be impact...

www.businesstoday.in

How AI and digital help us innovate faster and smarter

As consumer expectations of our products and brands continue to evolve, we’re working to meet their demands against a backdrop of supply chain disruption, cost inflation and the impact of an escalating climate crisis.

www.unilever.com

Do Conversational AI Chatbots Make Better Sales Non-Associates?

Americans think that artificial intelligence-powered conversational chatbots really get them. New research of 1,000 U.S. consumers by Capterra finds that 67 percent of ChatGPT users feel understood often or always by the AI bot compared to 25 percent of traditional support chatbot users.

retailwire.com

AI is coming for lawyers (again)

But the march of AI in law turned out to be more measured. AI mainly identified, sorted and classified words in documents. The technology’s tools served more as aides than as replacements — and the same could be true this time.

www.afr.com

Bloomberg Unveils a GPT Finance-Focused AI Model

Bloomberg has released BloombergGPT, a new large language model (LLM) that has been trained on enormous amounts of financial data and can help with a range of natural language processing (NLP) activities for the financial sector. BlooombergGPT is a cutting-edge AI that can evaluate financial data quickly to help with risk assessments, gauge financial sentiment, and possibly even automate accounting and auditing activities.