Navigating the AI Revolution: Implications and Opportunities

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Description

As the world moves towards the era of Artificial Intelligence, employers are looking to increase productivity with these tools, while employees are worried about the future of their jobs. Experts predict that up to 60% of human tasks could be automated with AI and machine learning in the coming years. The adoption of AI and machine learning by organizations is essential in improving productivity and remaining competitive in the industry. However, the adoption of AI comes with its set of challenges, and companies need to develop strategies to handle these challenges effectively. The rapid progress of technology is a controversial issue for employees as they tend to work in comfortable environments, using specific techniques over an extended period.

TEACHING OBJECTIVES

The case study is intended to qualify students to:

  • Understanding the potential benefits of artificial intelligence in enhancing organizational productivity and decision-making processes.
  • Analyzing the challenges faced by Organizations in the adoption and integration of artificial intelligence into their business models.
  • Exploring various strategies employed by Organizations to overcome the challenges of implementing artificial intelligence.

Themes: IoT; AI; Technology; Human intelligence; Management

UN SDGS: Decent work and Economic Growth (8); Industry, innovation, and infrastructure (9)