How is AI helping improve companies' productivity?
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Our team recently read an article that focused on the various ways in which generative AI is transforming the workforce. According to S&P Global, banks are now trusting gen AI to help build businesses. How? Generative AI is helping improve risk management processes, financial performances, and most importantly make financial decisions for major businesses. The McKinsey Global Institute is now estimating that banks and retails can add $200 billion to $300 billion simply by using this tool in the future.
There seems to be a lot of potential for businesses to introduce gen AI to their company. However, there are risks associated with this technology that need to be managed when implementing gen AI to the workplace.
What are some risks businesses should watch out for when using generative AI for this business? Let us know your thoughts!
Sources:
Bungie hit with layoffs in latest gaming industry workforce cuts – GeekWire
Destiny 2 developer Bungie lays off dozens of staff
