Tag: Services

Women’s workforce explosion: Will AI disrupt surging female success in labor market?

Women’s workforce explosion: Will AI disrupt surging female success in labor market?

In recent years, there has been a remarkable increase in the number of women employed in the United States. The labor force participation rate for women between the ages of 25 and 54 reached a record high in April and May, bouncing back from the challenges faced during the pandemic. These gains, however, face potential disruption with the rise of artificial intelligence (AI) technologies.

Generative AI technologies, exemplified by ChatGPT, have the power to revolutionize the labor market. They possess the ability to automate a significant portion of the nation’s jobs by generating various types of content, including text, images, […]

Espressive Wins ‘Best Overall Bot Solution’ Designation in 2023 Artificial Intelligence Breakthrough Awards Program

Prestigious International Annual Awards Program Honors Espressive Barista as Standout AI Solution for Enhancing Employee Self-help

SANTA CLARA, Calif.–(BUSINESS WIRE)– Espressive , the pioneer in automating digital workplace assistance, today announced that it has been recognized as the “Best Overall Bot Solution” in the sixth annual AI Breakthrough Awards program conducted by AI Breakthrough , a leading market intelligence organization that recognizes the top companies, technologies, and products in the global Artificial Intelligence (AI) market today. Chosen by AI Breakthrough as a leading solution in the AI industry, Espressive automates enterprise-ready digital workplace assistance with Espressive Barista, its AI-based […]

‘Do not go to law school’: This fund manager warns the legal field is in ‘big trouble’ — says folks are using ChatGPT for complex contracts. Is it time to get into trades?

The legal services industry is in “big trouble.” At least that’s what fund manager Geoff Lewis believes: "I talk to folks who spend thousands of dollars a week on legal bills, they’re already using ChatGPT to generate complex contracts."

Lewis, the founder and managing partner of Bedrock Capital, is now offering young people some grim guidance: “Do not go to law school.” Don’t miss

Here’s how much money the average middle-class American household makes — how do you stack up? This secretary in Illinois built a $7M fortune starting with $180. Here’s the one powerful technique that made Grace […]

What Will Be the Impact of ML on Future Job Markets?

What Will Be the Impact of ML on Future Job Markets?

ML is changing the world along with job markets by transforming and introducing job positions

Artificial intelligence (AI) in machine learning (ML) enables systems to learn from data, make decisions, and advance over time without explicit programming. The secret is in the algorithms, which with every data exchange, make the system wiser by uncovering patterns and producing insights. ML is vital to our current technological ecology. Its numerous and diverse applications range from healthcare and banking to e-commerce. ML’s rapid adoption has been a significant factor in its capacity to absorb and learn from enormous amounts of data, […]

Economic thought in the era of artificial intelligence

Economic thought in the era of artificial intelligence

Economic thought in the era of artificial intelligence (AI) is increasingly being recognised for its ability to reshape various aspects of the economy. AI technologies have the potential to enhance productivity by automating tasks, reducing errors and improving efficiency. This, in turn, can contribute to economic growth and improved living standards. However, concerns arise regarding job displacement and the need for acquiring new skills to adapt to changing labour market demands.

AI can disrupt labour markets by automating certain job functions, leading to shifts in employment patterns. This presents both challenges and opportunities, as some jobs may become obsolete while […]

The impact of artificial intelligence on growth and employment

The impact of artificial intelligence on growth and employment

At the 2023 World Economic Forum, tech entrepreneur Mihir Shukla noted: “People keep saying AI is coming but it is already here”. The use of artificial intelligence (AI) for day-to-day tasks has increased rapidly over the last decade and ChatGPT (developed by OpenAI) is a prime example of this, with the popular generative AI used by more than a billion users for everyday tasks like coding and writing. The speed and scale of AI uptake can be captured by a simple fact: it took ChatGPT just 60 days to reach its 100 millionth user; in contrast, […]

The Future of Work: Cognitive Cloud Computing and the Gig Economy

The Future of Work: Cognitive Cloud Computing and the Gig Economy

The Future of Work: Cognitive Cloud Computing and the Gig Economy

The future of work is rapidly evolving, and two key factors driving this change are cognitive cloud computing and the gig economy. As technology continues to advance at an unprecedented pace, the way we work and the skills we need to succeed in the workplace are also shifting. Cognitive cloud computing, which combines artificial intelligence (AI) and cloud-based services, is poised to revolutionize the way businesses operate, while the gig economy is transforming the nature of employment and the workforce. Together, these developments are shaping the future of […]

How IT Process Automation is Revolutionizing the Tech Industry

How IT Process Automation is Revolutionizing the Tech Industry

Exploring the Impact of IT Process Automation on the Tech Industry’s Growth and Innovation

The rapid advancement of technology has brought about significant changes in various industries, and the tech industry is no exception. One of the most notable developments in recent years is the rise of IT process automation, which has revolutionized the way businesses operate and innovate. This article will explore the impact of IT process automation on the growth and innovation of the tech industry, highlighting the various ways in which it has transformed the landscape.

IT process automation refers to the use of software and technology […]

AI Will Disproportionately Replace Jobs Typically Held By Women: Study

AI Will Disproportionately Replace Jobs Typically Held By Women: Study

According to researchers at Revelio Labs – a human resources analytics firm, artificial intelligence threatens to replace a disproportionate number of jobs typically held by women. Their findings reflect social biases that have funnelled women into roles ripe for AI replacement, such as administrative assistants and secretaries. “Women, as well as people of colour, tend to be delegated into occupations that are repetitive in nature when it comes to tasks. That means that they’re going to be disproportionally impacted by any jobs that are fully automated,” observed Nicol Turner Lee, director of the Center for Technology Innovation and a […]

The benefits of humanizing automation

The benefits of humanizing automation

Banking institutions must balance the undeniable promise of technology with empathy for customers and a deep understanding of what they want and need.

Jun 16, 2023 / Automation is all the rage in financial services and beyond. From customer service chatbots driven by artificial intelligence to workflow managers able to string together the most complex and mundane of daily management tasks, there are endless possibilities for banks and fintechs to turn to technology, and in doing so, to remove human beings from the equation.

But as with any buzzy trend, we have to ask ourselves, “Do our customers really want […]