Industry News: Week of October 14, 2019

In by Contextere

Every week we curate industry news and thought-provoking articles that reflect today’s trends so you can spend more time learning and less time searching. Here’s what we’ve been reading:

HBR’s Advice for Successful AI Implementations
Worker fears around AI and automation could have unintended negative consequences. To increase success and ease employees’ fears, the Harvard Business Review suggests:

  • Using AI for product and service innovation, rather than cost cutting.
  • Harnessing AI as a tool to ‘smooth’ digital transformation, such as using it for reskilling and upskilling.
  • Focusing on society’s welfare and well-being.

 

Why you should care: It’s proven that what’s good for employees will also be good for business, and AI can act as a competitive advantage.  

Read the article.

 

Getting Meaningful Business Value from AI
Getting value from AI implementations will take a cultural shift, an organizational assessment of the business’ AI maturity, and good data.

Why you should care: 2017 study by PwC, reported that “Global GDP will be 14% higher in 2030 as a result of AI – the equivalent of an additional $15.7 trillion. This makes it the biggest commercial opportunity in today’s fast-changing economy”.”  

Read the article.

 

Looking to attract and retain talent? Consider adopting a mobile-first strategy
Like many industries, the U.S. Navy is experiencing the skills gap. In hopes to attract and retain Millennials, they took a mobile-first strategy, providing prospective and new employees with information in this form. The result? recruits increased by 30% from 2016 to 2018 and retention increased to 79%, an all-time high.

Why you should care: The demographic shift and digital transformation are creating a global skills gap. Employing a mobile-first strategy could help you close this talent gap. 

Read the article.

 

 Follow us on LinkedIn for insights and industry news.