AI Content Chat (Beta) logo

EMERGING TECHNOLOGY: ARTIFICIAL INTELLIGENCE While companies across the world are spending top dollar for IT workers who can create AI and ML tools that help computing and processing powers take giant leaps forward, others inside the industry have fears that these advancements will come at the expense of their jobs. A survey of tech professionals showed that over half (52%) are worried about losing their jobs due to auto- mation or Arti昀椀cial Intelligence, compared to only 26% disagreeing with the concern. However, there have been many recent examples of companies attempting to use AI as an end-to-end solution that have end- ed in disaster. Fully automated news articles riddled with factual errors and mistakes, thoroughly unhelpful chatbots, and attorneys 昀椀ned for attempting to use generative text for briefs are just a few issues, with many other examples out there of AI failures. Generative AI Related Risks Source: McKinsey Global Survey on AI, 2023  Generative AI-related risks that organizations consider relevant and are working to mitigate, % of respondents Organization considers risk relevant Organization working to mitigate risk Inaccuracy 56 32 Cyber Security 53 38 Intellectual-property Infringement 46 25 Regulatory Compliance 45 28 Explainability 39 18 Personal/Individual Privacy 39 20 Workforce/Labor Displacement 34 13 Equity and Fairness 31 16 Organizational Reputation 29 16 National Security 14 4 Physical Safety 11 6 Environmental Impact 11 5 Political Stability 10 2 None of the Above 1 8 Asked only respondents whose organizations have adopted AI in at least 1 function. As of now, AI can be a useful productivity tool that allows workers to blow past remedial tasks and focus on complex, more rewarding work. One study of developers after being introduced to an AI tool found that they produced 46% more code at a 55% faster rate. Most importantly, the developers said they were 75% more ful昀椀lled in their work after using the AI tool. MOTIONRECRUITMENT.COM 16

2024 | Tech Salary Guide - Page 16 2024 | Tech Salary Guide Page 15 Page 17