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While some companies are using AI to enhance productivity and create new opportunities, others are replacing human labor with automated systems. This trend is likely to persist, raising questions about the future of work and the role of human workers in an increasingly automated world.
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In Australia and New Zealand (ANZ), major sectors such as mining, financial services, public administration, telecommunications and logistics are increasingly integrating AI to improve their operations. Legal, environmental, operational and economic challenges remain.
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AI automates repetitive tasks, enhances the candidate experience, and provides valuable insights into the hiring process. By leveraging machine learning algorithms and natural language processing, AI can analyze resumes, conduct initial interviews, and predict a candidate's likelihood of success.
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According to a report by McKinsey, in just 22 years, generative AI will be able to fully automate half of today's work activities, including tasks related to decision-making, management, and stakeholder interaction.
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Australia must upskill its workforce for digitalisation and automation in the transport sector to create thousands of new jobs and stay competitive, a new report revealed.
In countries across the globe, there is a correlation between the number of elderly individuals in the workforce and the usage of robotics and automation. As much as 35 percent of the adoption of automation and robotics may be attributable to the aging population worldwide, the study finds.
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Automation is intended to supplement and de-burden the workforce. It drives return on investment (ROI) through boosting productivity, reducing cost, increasing accessibility to resources, and enhancing data security by removing the risks that come with manual handling.
