HC2 Insight Series
Our years of experience with clients has provided us with some unique insights, interesting observations and learnings that many others can benefit from. We share these insights through our blog series, podcast series and radio appearances across the globe.
Now Available - Work In Progress Radio!
We couldn't be more pleased to announce the launch of a new weekly radio broadcast called Work In Progress: Navigating Today's Changing Workplace!
In collaboration with our partners at Cambiara Group ths one hour information and interview format, co-hosts Jim Ellis and Gary Hepworth will talk about this transformation of the world of work in Canada. A show filled with insight, excitement, pride and tools for people navigating their next steps through it.
With special guests from industry, government, recruiting/employment services, financial services and employees themselves, each episode promises to be informative and engaging. Stay tuned for information here and on our social media channels at Facebook, Instagram and LinkedIn
Click here to stay tuned about the latest at Work In Progress here on.....
Off The Cuff: Speaking of AI...
Few things have caused the kind of stir going on in business than the fervor around Artificial Intelligence, better known as AI. And any HR professional today, is having a hard time keeping up, ahead of the questions their employees are asking!
The "AI Market", according to Forbes, is projected to reach a staggering $407 billion by 2027, experiencing substantial growth from its estimated $86.9 billion revenue in 2022.
When it comes to "people", like customers, clients, employees, and citizens, and as HR holding the identity of “the people people”, HR is already getting calls from people asking not so much about what AI does, as much as how AI will affect them.
And the media isn’t making employee anxieties any better.
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The global AI market is expected to reach $747.92 billion by 2025, growing at a CAGR of 20.4%.
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77% of devices worldwide incorporate AI technology in some form.
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85 million jobs may be displaced by AI automation, but 97 million new jobs will be created, leading to a net job gain.
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The AI-powered chatbot market is expected to surpass $10 billion in value by 2025.
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Generative AI is forecasted to reach a market size of $62.72 billion, with major applications in content creation, marketing, and design.
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AI-driven customer support will handle 75% of all consumer interactions by 2025.
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The AI market in North America will be valued at $51.58 billion, leading global AI investments.
Stats provided by Maestra
When it comes to "people", like customers, clients, employees, and citizens, and as HR holding the identity of “the people people”, HR is already getting calls from people asking not so much about what AI does, as much as how AI will affect them.
And the media isn’t making employee anxieties any better.
While businesses and people have dealt with technology changes for years from the transition from horses to motorized vehicles, AI seems to have been able to engage a lot more stress and anxiety in the workplace today, and that's why we've created our AI Practice at HC2.
Let's Get A Few Things Straight About AI..... for now
What AI Is
A technology that presents “machine learned” information from vast databases into fast conversational form, so that people can make informed decisions. We tend to see Generative AI which generates high-quality text, images, and other content based on the data it has "learned"
What AI Is Not
A technology that can replace human feelings, beliefs, creativity or reasoning.
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AI can only provide what it "learns" from scanning the vast information available from the internet and emulate it for you the best in can from your query.
Where Is AI Going?
Using the power of supercomputing, AI is developing more criteria for feelings, creativity and reasoning for automated decision making and its progress is impressive. ​ This is providing certain anxieties amongst employees feeling threatened by AI's evolving capabilities.
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