Source | www.unleashgroup.io | YESSI BELLO-PEREZ
- AI can help HR teams drive efficiency and productivity by freeing employees of menial functions.
- AI can help with automation, recruitment, retention, and removing human bias.
- Why, and how, the technology will help customize and improve HR processes
The term artificial intelligence typically conjures images of robots — mostly because Hollywood has done a great job conflating the two.
Blockbusters aside, artificial intelligence refers to the simulation of human intelligence in machines that are programmed to think like humans. The term is also used to describe a machine that shows traits associated with human minds, for example, the ability to learn or solve problems.
Investment in AI has soared in recent times. According to CB Insights, funding into startups hit a new high of $26.6 billion in 2019 and a 2017 PWC report estimated that AI could potentially contribute $15.7 trillion to the global economy by 2030.
If applied properly and to the right processes, AI does have the potential to unlock product enhancements, stimulate consumer demand, boost automation, and drive greater customization, attractiveness, and affordability.