While interest in artificial intelligence is growing among business professionals, the idea that AI is ready to replace human workers on a significant scale is premature.
A recent survey found that more than half of business leaders who laid off workers in the expectation that AI would take their roles now regret the decision because AI has yet to live up to those expectations.
Generative AI tools like ChatGPT function as improved search engines and are unreliable replacements for human labor in core business operations.
In addition, AI systems currently lack the necessary accuracy, require sharing sensitive data with tech giants, and are too expensive for most small and medium-sized businesses. While large corporations are making strides in implementing internal AI platforms, these efforts do not reflect the overall market situation.
Research also shows that AI chatbots have little impact on work outcomes. While advanced AI technologies may one day revolutionize work, that reality is still a long way off.
Source: The Guardian