Impact of Ai to Work and the Economy

The Future Trend: Artificial Intelligence (AI) is becoming a critical tool for businesses worldwide to boost efficiency and profits. This article explores the role of AI in transforming industries, reshaping work, and impacting the economy in the future.

Leading Companies Leveraging AI for Profit Growth

• Amazon The e-commerce giant uses AI to analyze customer data, develop product recommendations, and optimize warehouse management, resulting in a 35% increase in sales.
• Nike The sportswear brand utilizes AI for product design, demand forecasting, and supply chain management, leading to a 30% growth in China sales.

AI Adaption Gains Traction in Thailand. Leading Thai companies are embracing AI

• True Online:?Focusing on AI-driven strategies through Smart Tech, Smart Service, and Smart Solution & Privilege.
• Mono:?Implementing AI for news reading, movie quality inspection, and fortune-telling services.
• KBTG:?Transforming the organization for the next three years with a Human-first x AI-first Transformation strategy.
• SCBX:?Aiming to become an AI-First Organization.

AI effect in the Business Landscape

• P&G Japan:?Plans to use AI for transportation analysis and optimization, targeting a 30% reduction in truck usage by 2025, impacting 54,000 delivery routes in Japan.
• Bangkok Post:?Reports that 72% of Thai graduates may lose their jobs to AI by 2030, particularly administrative and office workers lacking specialized skills.

The Future of Work and the Economy

AI is rapidly transforming the business world. Organizations that adopt AI wisely will enhance efficiency, increase profits, and create new business opportunities. However, this transformation also affects the workforce and the job market. Employees need to develop new skills to work effectively alongside AI in the future.

Impacts of AI on talent acquisition, AI-powered tools can now scan resumes and cover letters, identify qualified candidates, and even schedule interviews. And AI-powered assessments can predict how well a candidate will perform in a role, and this information can be used to make more informed hiring decisions. This can help companies to reduce turnover and improve their bottom line.

AI is disrupting industries, reshaping work, and impacting the economy. Businesses that embrace AI strategically will thrive, and employees who develop future-proof skills will be able to work effectively in the AI age. Are you ready?

Reference

• Brand Inside
• McKinsey