A Study from Microsoft reveals positive impact of AI on jobs and businesses
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The study underscores the advantages of using AI tools in the workplace
A Microsoft-backed study has found that most companies are experiencing a return on their AI investments within 14 months, and nearly 90% of organizations complete their AI deployments in less than 12 months. The study emphasizes the benefits of using AI tools in the workplace, including improved productivity and the potential for creating more jobs. According to Microsoft, companies are, on average, getting a $3.5 return for every $1 invested in AI, with a small group achieving as much as $8 in returns. Microsoft underscores that AI is enhancing productivity and relieving workers of digital and administrative burdens, allowing them to focus on more productive tasks. Furthermore, AI is improving customer experiences and revolutionizing various industries.
Looking ahead, 22% of surveyed business leaders plan to introduce AI into their companies in the next 12 months, adding to the 71% that already have. Contrary to previous fears, the study suggests that the impact of AI on humans appears to be mostly positive, with AI being viewed as a transformative force similar to previous industrial and digital revolutions, benefiting various industries, including manufacturing and operations.