Fears that AI will result in mass job losses are unfounded, in keeping with a brand new whitepaper. The report, launched by British AI software program agency Automated Analytics, discovered that none of its 5,000 purchasers throughout the UK and US reported shedding workers because of AI implementation. 

The whitepaper, titled “Unlocking Knowledge, Unlocking Folks: Harnessing the Energy of AI to Remodel Your Enterprise,” launched in the present day at Scale Area White Metropolis in London’s White Metropolis Innovation District. It argues that AI can truly be a catalyst for development, fairly than a menace to jobs.

Regardless of proof on the contrary, the research additionally reveals a lingering worry of AI amongst UK enterprise leaders. 

A YouGov survey commissioned by Automated Analytics discovered that over half of senior decision-makers nonetheless imagine AI will remove extra jobs than it creates. Solely 17% imagine AI will create extra jobs than it eliminates. 

This hesitancy, the report warns, might have critical penalties for the UK economic system. As US corporations more and more embrace AI, British companies threat being left behind. Mark Taylor, CEO of Automated Analytics, argues that the UK must shift its focus from regulation to innovation with the intention to stay aggressive.

“AI is just not about changing jobs; it’s about enhancing productiveness and creating new alternatives,” says Taylor. “Our whitepaper offers concrete examples of how AI can drive development, effectivity, and competitiveness. The UK can’t afford to lag behind on this essential space.”

The whitepaper highlights a number of case research demonstrating the optimistic influence of AI on companies:

• British Gasoline’ Dyno-Rod: AI helped to halve the variety of service calls by bettering understanding of buyer journeys, offering franchise operations with 100% visibility.
• Pizza Hut (US): Restaurant Administration Group, the fourth-largest US franchisee, used AI to cut back recruitment prices by $1 million and enhance hires by 42%.
• Fourth (UK): The hospitality recruitment agency noticed a 220% enhance in candidate stream and a drastic discount in cost-per-application inside 30 days of implementing its AI-driven TalentTrack software program.

Taylor additionally expressed concern over the cultural variations between the US and UK in embracing new applied sciences. 

“The US is main the cost in AI adoption, whereas the UK stays overly targeted on regulation. This whitepaper demonstrates that many fears surrounding AI are unfounded and that it will possibly play an important function in driving the UK’s financial development.”

The whitepaper serves as a name to motion for UK companies to embrace AI as an important software for driving innovation and competitiveness within the world market. Whereas it’s clear that companies should undertake AI responsibly, the whitepaper ought to assist to dispel fears of mass job losses.

A replica of the whitepaper could be discovered right here (registration required.)

(Picture by Ruthson Zimmerman)

See additionally: UK indicators AI security treaty to guard human rights and democracy

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