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An Organizational Overview of the Impact of AI

The world is no short of miraculous examples. Enter the artificial intelligence (AI) era, and you’ll be amazed by what this comparatively newborn has been doing.

The larger question is, is AI impactful enough to steer the world toward digital transformation?

More importantly, are there any implications of incorporating artificial intelligence within the organizational structure?

Let’s find out.

How Is AI Changing the Digital Interface?

Imagine reducing manual labor costs with AI tools powered by data analytics and machine learning. Not only does it improve the cost structure for businesses, but it also optimizes productivity to speed up operations.

That’s the power of AI we’re looking at as we speak. Think AI chatbots boosting user experiences.

  • Positive Impacts of AI on Organizations

    It’s going to be interesting to see how society deals with artificial intelligence, but it will definitely be cool.”—Colin Angle.

    Artificial intelligence is to humans what dogs have been to us. You can mold it how you want, and it will follow your commands without question. Luckily, AI has been put to good use. For example, you can automate some parts of a job to eliminate human error.

    Moreover, leveraging artificial intelligence can help extract real-time data insights about user behavior, among other things. And since user behaviors are constantly changing, using artificial intelligence to gain recommendations can help organizations adapt their strategy accordingly.

    Some other benefits of using AI include:

    • Enhanced Job Security

      Contrary to popular belief, AI increases job security. How? By automating dull tasks like data entry to free human resources so they can think critically while focusing on their problem-solving and creative skills.

      This leads to enhanced job security and overall work satisfaction.

      • Skilled Job Creation

        AI is creating more jobs than eliminating them. Since artificial intelligence tools need a human mastermind to function optimally, several positions have sprung up. Some of them include:

        AI prompt engineer

        AI applications developer

        • AI prediction analyzer

          AI content creator

          AI operator

          • Increased GDP

            Ultimately, it’s about contributing to the greater good. That means ensuring the economy is on its path to achieving the set milestones. Experts estimate that AI use can increase GDP by 26% by 2030.

            • Negative Impacts of AI on Organizations

              Like anything, artificial intelligence isn’t without its demerits. And unluckily, organizations have faced the full brunt of it.

              For instance, while using AI surveillance cameras in corporate offices contributes to security, it creates a sense of distrust among employees. The workers might feel they’re being monitored, raising privacy concerns.

              Another negative impact of AI within organizations includes a false sense of security.

              People might believe that AI tools can never be wrong and become reliant on them to produce accurate results without the need to check them on their own.

              Other disadvantages of excessive dependence on AI are:

              • Ineffective Job Performance

                It’s against nature for human beings to work round-the-clock. AI is anything but. Therefore, the constant working model can pressure people into struggling with being active. This results in diminished performance and frequent errors.

                • Constant Need to Upskill

                  Training an AI model requires less resources and time. The same is not valid for humans. Consequently, people can go into a frenzy to upskill and keep up with the AI bots. The challenge is to urge the workforce to learn new skills at their own pace without feeling overburdened or compelled.

                  • Data Breach & Cyber Threats

                    With organizations utilizing AI tools and technologies to speed up project deliveries and other operations, it has given rise to a major hurdle: the looming danger of data breaches and cyber threats.

                    Since every crucial information is contained within digital chips, every business is at risk.

                    The best way to deal with this issue is develop and implement stringent data breach policies and measures. Eventually, this contributes to customer trust and loyalty.

                    Parting Words

                    AI use has been phenomenal for organizations. Not only can a business embrace growth and innovation, but they can also become the best in their craft. However, the challenge lies in dealing with the negative impacts. This calls for a balanced approach, wherein one recognizes the power of AI while also addressing the risks and ethical concerns.

                    After all, organizations that look at both sides of the picture are the ones that will thrive in this AI era.

                    For more information about how to digitally transform your business, contact us now at HashOne!

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                    An Organizational Overview of the Impact of AI

                    blogs | 2023-08-04

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