Humans and AI: The future's dynamic workforce duo
Mint Mumbai|October 16, 2023
Al is making pivotal contributions to economic growth and is here to stay and change the way humans work
Mayank Kumar
Humans and AI: The future's dynamic workforce duo

In July 2022, Naver Labs, a South Korean tech company unveiled their new office where humans would work alongside robots. This was the first test of humans co-working alongside robots.

With today's rapidly evolving artificial intelligence (AI), the future holds some surprises for us. Developments in AI, especially the coming of age of generative artificial intelligence (Gen AI) are transforming the dynamics of the workplace and reshaping the essence of work. Work that involves reasoning and communicating is expected to be impacted by AI with around 75% of companies surveyed for the WEF Future of Jobs Report 2023 expected to adopt AI and broaden digital access to drive transformation.

Al is making pivotal contributions to economic growth and helping address societal challenges such as enhancing healthcare delivery and pioneering solutions for climate change. At the same time, AI is also transforming businesses. With advanced algorithms and processing capabilities, machines are now capable of taking over tasks that were once exclusively for humans. Al is already performing some jobs that were earlier done by humans, such as diagnosing diseases and providing customer service.

Even before Gen AI burst onto the scene, a 2020 survey by MIT Sloan Management Review and Boston Consulting Group had found that companies who leverage human-machine collaboration are best positioned for success with significant benefits coming about only when organizations add the ability to learn with AI. Learning with Al includes designing AI systems that work for themselves, engineering systems where AI learns from humans, and where humans learn from AI.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT MUMBAIView all
Reduction of energy costs in the telecom sector
Mint Mumbai

Reduction of energy costs in the telecom sector

With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply

time-read
5 mins  |
November 15, 2024
Skip cheese and sip wine in Switzerland
Mint Mumbai

Skip cheese and sip wine in Switzerland

Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations

time-read
4 mins  |
November 15, 2024
Mint Mumbai

Bankers aren't always frank about bank regulation

The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.

time-read
4 mins  |
November 15, 2024
Baku: A climate breakthrough looks depressingly bleak today
Mint Mumbai

Baku: A climate breakthrough looks depressingly bleak today

The success of fossil fuel-favouring politics threatens the planet

time-read
3 mins  |
November 15, 2024
Global solidarity levies can play a vital role in our climate efforts
Mint Mumbai

Global solidarity levies can play a vital role in our climate efforts

Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times

time-read
3 mins  |
November 15, 2024
Speak for the Earth: It's the least we should do
Mint Mumbai

Speak for the Earth: It's the least we should do

This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?

time-read
3 mins  |
November 15, 2024
Mint Mumbai

Aim for an efficient carbon market right from the start

India's economy is projected to grow dramatically over the next few decades. In nominal terms, it may double in size by 2030. This is exciting, but it comes with a significant risk.

time-read
3 mins  |
November 15, 2024
Mint Mumbai

Why health insurers refuse to cover certain treatments

While 12 modern treatments are covered, many advanced procedures are yet to be included

time-read
3 mins  |
November 15, 2024
Mint Mumbai

Address economic distress with structural reforms and not doles

Cash transfers may offer short-term relief but raising worker incomes is the only lasting solution

time-read
3 mins  |
November 15, 2024
Mint Mumbai

FUNDING FOREIGN EDUCATION: SHOULD YOU SAVE OR BORROW?

Education financing needs vary, but early planning is key to building your desired corpus

time-read
2 mins  |
November 15, 2024