Microsoft finds 60% of leaders worry their organisation lacks a ‘vision’ for AI
Are we moving fast enough to tackle AI-based workplace trends and BYOAI?
May 8th 2024
#BYOAI (Bring Your Own AI)
Microsoft has done a deep dive into workplace, strategy and recruitment trends when navigating AI, analysing data from over 30,000 people in over 30 countries.
AI in the office
Microsoft found that the use of generative AI has nearly doubled in the last six months.
Three-quarters (75%) of knowledge workers use it at work and this is especially seen in small and medium-sized businesses.
The use of ChatGPT, Copilot and other AI tools such as DALL-E have boomed as those employees struggling to keep up with the ‘pace and volume’ of work, use AI to become more efficient and creative.
Yet, whilst recognising the valuable role of AI, Microsoft found that 60% of leaders worry their organisation’s leadership lacks a plan and vision to properly implement it. They are playing catch up with employees who are adopting AI to their benefit, more quickly.
Over three quarters, (79%) of leaders agree their company needs to adopt AI to stay competitive
Microsoft. AI at work is here. Now comes the hard part. Source
With such rapid change, it’s easy to see how some businesses have struggled to keep up – but we’re just getting started. AI will continue to make huge gains year-on-year, with chatbots already acing software engineering tests at Amazon!
These incredible advancements are hotly debated and can be sees as a concern or an opportunity.
Within the next five years, 41% of leaders expect to redesign business processes from the ground up with AI
Microsoft. AI at work is here. Now comes the hard part. Source
What’s evident, is that forward planning to take advantage and better manage these trends is key.
PwC notes in its 2024 Global AI Jobs Barometer report, that those sectors ‘more exposed’ to AI are experiencing almost five times greater labour productivity growth.
Not to mention, not having an AI strategy and allowing employees to use AI freely without controls in place, could be a data security risk.
Over a quarter (27%) of businesses have banned GenAI applications in the workplace due to cyber security risks.
Cisco. 2024 Data Privacy Benchmark Study. Source
AI in recruitment
PwC notes in its 2024 Global AI Jobs Barometer report, that leaders are looking for more technical AI talent than ever before, with hiring up a significant 323% in the past eight years.
Skills are projected to change by 50% by 2030 (from 2016)—and generative AI is expected to accelerate this change to 68%.
Microsoft. AI at work is here. Now comes the hard part. Source
Microsoft found that there has been a 142x increase in LinkedIn members globally adding AI skills like ChatGPT and Copilot to their profiles.
Workers are wisely recognising the advantages of AI and are upskilling themselves to highlight their advanced computing capabilities to keep up these trends.
Those employees who already possess advanced AI, machine learning and data analytics capabilities are in a powerful position when it comes to recruitment to outshine other candidates and get the best-paying roles.
Overall, the more data and research we can get on the topic of AI, the better. With so much technological change and especially around AI, we need to understand its impact to use it effectively and responsibly in the future.
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