Business
Companies Are Betting on AI but 78% Fear they Won’t Be Able to Keep Up
At the ManpowerGroup Italia event, research revealed that 81% of employers believe AI advancements will demand new talent and working methods, but fear skill gaps. While 72% see AI positively impacting business, 78% worry about keeping pace with training. Managers seek flexible strategies and experienced hires to adapt. A manifesto on AI’s future in work is underway.
During the ManpowerGroup Italia event, research was presented which showed that the majority of employers (81%) think that the progress of AI will require new talent and new ways of working, but will they be up to it?
Although Italian companies recognize the potential of artificial intelligence, at the same time they are afraid of not being able to keep up with the required skills. This is what emerges from the data presented at the first Annual Conference of ManpowerGroup Italia entitled ” The Exchange – Let’s design the future of work together” . Let’s analyze the results communicated during the event in more detail.
The results of AI research
According to the data presented, 72% of employers believe that AI will have a positive impact on their business and 55% also see benefits in terms of employment . On the contrary, it is female workers (51%) and operational staff (43%) who express the greatest concerns and doubts about its use.
While the majority of employers (81%) agree that advances in AI will require new talent and new ways of working, 78% fear, however, that they will not be able to train employees quickly enough to stay keeping pace with technological developments over the next three years . The speed with which innovations appear in the world of work makes it increasingly complex for a large part of companies (80%) to plan their future talent needs.
What executives are asking for
Almost all managers (92%) say they feel the need for a new work organization which, through the introduction of flexible strategies, allows companies greater adaptability and a better ability to respond to changes : from the creation of sector talent pools (91%) to using online talent platforms (89%) to offering greater internal flexibility (88%) and hiring talent from abroad (88%).
Furthermore, 79% of the managers interviewed say that hiring a share of workers who are already experienced and have AI-related skills is an effective way to spread knowledge among all the people in the company.
The manifesto on the future of work
The first manifesto on the future of work in the time of artificial intelligence , which will highlight the challenges and opportunities of the sector, offering a long-term vision, is now being defined.
Working on it are Paola Pisano, associate professor of Business and Innovation Management, former Minister of Innovation and Digitalization, Cosimo Accoto, visiting scientist at the Sociotechnical Systems Research Center of MIT in Boston, Tomas Chamorro-Premuzic, professor of Business Psychology at University College London and Columbia University and Chief Innovation Officer of ManpowerGroup and Leandro Pecchia , professor of Biomedical Engineering at the Campus Bio-Medico University of Rome.
The objective is to define a series of tangible commitments that companies can adhere to, to encourage virtuous, ethical and conscious management and development of the world of work of the future.
__
(Featured image by Alex Knight via Unsplash)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in StartupItalia. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
-
Impact Investing2 weeks ago
Avoni Industrial Has Issued a Sustainability-Linked Minibond Worth 2.5 Million Euros
-
Markets5 days ago
Why New York and London Coffee Markets Closed Lower This Past Week
-
Crypto2 weeks ago
Bitcoin ETF Options and US Election Could Trigger BTC Momentum
-
Biotech3 days ago
Eli Lilly Misses Wall Street’s Revenue Expectations in Q3