Discovering YOU Magazine September 2024 Issue Draft | Page 53

MIND YOUR BUSINESS

1 trillion into the U.S. economy and even more globally over the next 10 years, it's not surprising the survey identified generative AI as a core source of potential productivity and growth for most companies.

But to fully harness this hyper-productivity, we must expand the pace of training and upskilling around the world so that workers are prepared to participate in the digital economy. This is why we launched our Synapse initiative last year, which is aimed at training one million individuals and creating employment opportunities in the future digital economy.

What do companies need to help them optimize AI?

Rolling out any new technology enterprise-wide is complex and challenging. So far, only 26% of the companies surveyed have been able to implement AI company-wide, and many

express concern these delays could give competitors an advantage.

Our data also points to a need for outside expertise to help them with AI adoption, with 43% of companies planning to work with external consultants to strategize using AI.

To provide this much-needed support, we're finding more and more companies are tapping us to help them traverse the AI productivity-to-growth journey. We're working with enterprises across industries to modernize their technology, reimagine processes and transform experiences so they can stay ahead, including maximizing AI to their advantage.

I'm optimistic about the future and how companies can use generative AI for critical tasks while developing a future-ready workforce through reskilling. Used thoughtfully, we can ensure generative AI is a positive force not just for economic productivity, but also for workers and society.

Learn what generative AI can do for your business at Cognizant.com.