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Beyond ‘quiet luxury,’ gen AI and the future of work, Tech for Execs, and more: The Daily Read weekender

Gen AI and workers: What you should know

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The gen-AI-enabled workplace

In the news

•

It’s a new gen(AI)eration. Generative AI (gen AI) could be as game-changing as the transformative technologies that shaped the Industrial Revolution. Unlike previous rounds of automation, however, gen AI is more likely to disrupt the activities of knowledge workers than those of factory and warehouse workers. The challenge of gen AI lies in balancing the risks and opportunities. Some are concerned about whether displaced workers can find comparably skilled jobs, while others view the innovation as a catalyst for growth rather than one that will replace people. [WSJ]

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The gen AI advantage. Recent research from a freelance platform revealed that almost two-thirds of US C-suite respondents believe they will actually hire more because of gen AI. Workers with a basic understanding of gen AI skills will be at an advantage. And though workers are concerned about gen AI replacing them, they are also very invested in its abilities to help them perform their jobs more efficiently and save them from burnout: while 49% of workers said job displacement was a concern, 70% would allow AI to handle multiple tasks to lighten their workloads, according to a different study. [Axios]

Historically, automation has affected workers with lower education and skill levels. Gen AI is flipping the script: more-educated workers will likely experience the greatest degree of impact.

On McKinsey.com

•

Huge gains. Organizational leaders and the public at large have rapidly embraced gen AI since ChatGPT’s launch in November 2022. Following the launch, multiple companies also announced the development and integration of different large language models. Gen AI could add up to $4.4 trillion annually to the global economy, according to recent McKinsey research. The banking, high-tech, and life sciences industries are among those that could see the biggest impact, McKinsey Digital’s global leader, Rodney Zemmel, and coauthors find.

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Millions of job shifts. Gen AI could automate almost 10% of tasks in the US economy, say McKinsey senior partner Kweilin Ellingrud and partner Saurabh Sanghvi. Overall, roughly 12 million occupational shifts may need to happen by 2030 for workers to keep up. Ensuring the reskilling and upskilling of workers during this transition falls on individual companies. The silver lining? If companies are able to do so successfully, we could have more jobs in the future than we have today. Discover how gen AI is changing the game across industries in the latest edition of the McKinsey Quarterly Five Fifty.

Accelerate the future with gen AI

— Edited by Kanika Punwani, editor, Southern California

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:41 - 27 Oct 2023

Archives

in

info@learn.odoo.com

Beyond ‘quiet luxury,’ gen AI and the future of work, Tech for Execs, and more: The Daily Read weekender

Hello, new API landscape!

Gen AI and workers: What you should know

The gen-AI-enabled workplace

In the news

Historically, automation has affected workers with lower education and skill levels. Gen AI is flipping the script: more-educated workers will likely experience the greatest degree of impact.

On McKinsey.com

Archives

in

info@learn.odoo.com

Beyond ‘quiet luxury,’ gen AI and the future of work, Tech for Execs, and more: The Daily Read weekender

Hello, new API landscape!

Gen AI and workers: What you should know

The gen-AI-enabled workplace

In the news

Historically, automation has affected workers with lower education and skill levels. Gen AI is flipping the script: more-educated workers will likely experience the greatest degree of impact.﻿

On McKinsey.com

Historically, automation has affected workers with lower education and skill levels. Gen AI is flipping the script: more-educated workers will likely experience the greatest degree of impact.