From the seamless convergence of human and machine intelligence to groundbreaking advancements in climate tech, cybersecurity, and quantum computing, the next year will usher in innovations that redefine our reality.
With the extra time gained from AI integration, employees are boosting their productivity. The report shows that 73% of AI users feel more productive, using the saved time for valuable activities.
Key findings from the report emphasise that, while there are currently 1.1 million workers in Australia with skills similar to those required for tech roles, the country is still experiencing a shortage of talent with specialised expertise.
Despite the increasing demand for AI and automation, many companies have not yet adopted these technologies. UKG's research indicates that this hesitance to implement AI solutions could lead to higher levels of stress and burnout among employees.
While Australian and New Zealand SMEs expressed substantial concerns about security risks, they still demonstrated a higher likelihood of regularly using AI compared to their counterparts in Canada, Ireland, and the UK.
These documents mark a major shift in AI regulation in Australia. While the mandatory guardrails are under consultation, businesses are advised to adopt the Voluntary Standards now to prepare for future changes and manage AI responsibly.