Next wave of tech transformation is arrived now, it serves as a wake-up call for everyone, from individuals to enterprises. In November 2022, ChatGPT was released for public review and in just two months, it has taken the world by storm with its artificial intelligence (AI) capabilities. This is a classic example of a disruptive innovation that is transforming the world as it moves towards the Fourth Industrial Revolution (4IR) or Industry 4.0, where emerging technologies such as AI and robotics play a significant role. The coexistence of these technologies with humanity has become a widely discussed topic in various literature.
However, few tech companies were prepared for its rollout and the impact it would have. Google’s top management quickly realized the potential threat posed by ChatGPT and took immediate steps to counter it. The way we interact with AI is a crucial factor in determining how tech giants like Google will evolve in the future.
As the world moves towards a global recession, tech companies have already undergone massive downsizing as a result of overhiring during the COVID-19 pandemic. This year is a critical one for businesses in every industry and sector as they seek to incorporate AI and robotics into their operations to increase productivity. AI and robotics are capable of identifying underperforming employees and wiping them out, regardless of their seniority (demonstrate by how Amazon and Google select under performing employee). Investor’s use earning per employee as a benchmark figure, in certain extent being one of the input variable too.
ChatGPT may be the first, but more advanced products are expected to emerge in the market in the near future. The world is now entering a new era of tech transformation where AI and robotics will be the knowledge worker’s power tool and sidekick, freeing up knowledge workers to be more productive. From writing stories to creating illustrations, software programs, and anything else that requires creativity and imagination, the new definition of productivity will be redefined as the world is transformed by this new wave of technologies. This will not just impact the creative and publishing industry but practically every sector and industry that invests the time and effort to understand and utilize the potential of AI and robotics to boost productivity. Whether it’s for call centers, chatbots, writing articles or scripts, the possibilities are endless.
In uncertain times, larger companies often face bigger overhead challenges, and tend to react in a similar fashion as others in the industry. As the world moves towards a “project economy,” the advancements in emerging technologies like AI and robotics are seen as accelerators and change agents. The sudden introduction of these powerful tools has neutralized the skills and competencies of those who previously held a certain level of knowledge and experience. This has had a significant impact on even senior and expert employees.
Next wave of tech transformation is arrived, the future of work will not only encompass the concept of a flexible workspace, but also the integration of the latest AI and robotics to unleash new levels of productivity. The importance of incorporating these technologies in the workplace cannot be overlooked, as it will play a crucial role in determining the success of companies and individuals in this rapidly changing landscape. The need to adapt and stay current with the latest technology advancements is becoming increasingly crucial for businesses and employees alike. Google’s decision to lay off 12,000 employees, equivalent to 6% of its workforce, may just be the beginning unless it takes swift action to compete with generative AI like ChatGPT, which has the potential to revolutionize the way we search the web by providing direct answers and eliminating the need for search engines.
E-SPIN Group has been in the business of supplying, consulting, managing, training and maintaining enterprise ICT solutions for multinational corporations and government agencies in the region since 2005. If you have any requirements or project inquiries, please don’t hesitate to contact E-SPIN. You may also be interested in other posts.