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BLOOM OR BUST Strong companies grow when employees are given purpose, trust and room to thrive.
W hen you hear the term “Artificial Intelligence,” what’s the first thing that comes to mind? “Terminator?” Will Smith in “I, Robot?” Maybe “Ex Machina”—sleek, enigmatic androids plotting our downfall while quoting Nietzsche. Maybe you’re remembering hours of “high level, AI strategic discussions” only to find, months later, that the technology’s primary use is wacky images of staff as racoons. Whatever your relationship with the latest technological revolution, you likely don’t think of employee well-being. But if your goal is to develop a resilient and adaptable workforce well positioned to respond to change, you may want to start. Over the last decade, the United States has raised roughly half a trillion dollars in private AI investment—a number that exceeds the total investment of all other countries combined. A recent report from the McKinsey Global Institute, estimates that up to 375 million people globally may need to find new jobs and acquire new skills by 2030. The report points out that: “the extent to which these technologies displace workers will depend on the pace of their development and adoption, economic growth, and growth in demand for work. Even as it causes declines in some occupations, automation will change many more—60 percent of occupations have at least 30 percent of constituent work activities that could be automated. It will also create new occupations that do not exist today.”
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