AI Strategies for Workforce Inclusion

Recently, a CIO from insurance company reached out to me, trying to solve the problem of raining questions about AI like “AI is here to take our jobs”, “We won’t use it”, “You’re just training it so you can replace us” Sound familiar? It’s funny because 71% of BFSI CIOs are ramping up generative AI use to improve employee productivity but over 56% of them fail because of low adoption. Employee concerns about job security, skill gaps, and ethical implications can significantly impede AI adoption and effectiveness. Here’s a Strategic Approach to harness AI's full potential & put focus on your teams: ⭐ Transparent Communication: Address AI's role openly, emphasizing augmentation over replacement. ⭐Comprehensive Education: Implement training programs covering AI basics, specific applications, and ethical considerations. ⭐Skill Development: Identify and bridge gaps in AI tool proficiency. Alternatively, find tools that have low or zero learning curve and no-code to encourage employees to try it out. ⭐Ethical Framework: Develop and promote AI ethics guidelines to ensure responsible implementation. Make it available to all teams to review and comment on. ⭐Trust Building: Create feedback mechanisms for employees to contribute to AI development and deployment. ⭐Leadership by Example: Actively engage with AI initiatives, aligning them with organizational goals. With this people-centric approach, I was able to work with CIOs drive almost 100% AI adoption for our use case with Alltius in BFSI companies. This not only addresses immediate concerns but also positions our organizations for long-term success in the AI-driven future of finance. What strategies are you employing to prepare your team for AI integration?

In my latest post on my site at tarikmoody.com, I explored an AI initiative in Tulsa that engages with the Black community. In a groundbreaking move, Tulsa's Hack the Future Greenwood initiative has shown us the transformative power of artificial intelligence (AI) in fostering inclusivity and empowerment within marginalized communities. 🚀 This initiative has been a beacon of hope at the Greenwood Cultural Center, demystifying AI through practical experiences and co-design with the Black community. It's a shining example of how technology can be harnessed for entrepreneurship, creative expression, and social justice. ✨ Milwaukee, with its challenges of racial segregation and limited opportunities for African Americans, is poised to benefit from this model. By embracing the lessons from Tulsa, Milwaukee can revolutionize its tech ecosystem to be more inclusive and innovative, creating a brighter future for the Black community, students, and business owners. 🌐 Read more at my site: https://lnkd.in/gcVJs82N Here's the potential impact: Workforce Development: Tailored AI and tech education can prepare Milwaukee's Black community for high-demand jobs, reducing unemployment and underemployment. Entrepreneurial Support: Black entrepreneurs can gain support in using AI technologies to level the playing field with larger companies. Enhanced Education: Integrating AI into Milwaukee Public Schools (MPS) curriculum can spark early interest in STEM, with after-school programs providing additional tech exploration opportunities. AI for Business Workshops: These workshops can help Black business owners utilize AI for growth, offering hands-on experience and networking opportunities. Access to AI Resources: A platform providing AI tools and expert advice can improve business operations and competitiveness for Black businesses. By focusing on equitable access to AI education and resources, Milwaukee can address systemic barriers and inspire future generations with local Black tech leaders as role models. Policy advocacy and creating a community-owned AI ecosystem will guarantee ethical and inclusive AI development. The success of Tulsa's initiative offers a compelling blueprint for Milwaukee to harness AI's power for a more inclusive, equitable, and prosperous future. Let's join hands to make Milwaukee a model city for diversity and inclusion in tech. #AIForGood #InclusiveInnovation #TechEquity #Milwaukee #AI #racialequity Kathy Henrich, Franklin Cumberbatch, Dana Guthrie, Nyra Jordan, Israel Squires, Anique N. Ruiz MA, JD, James Causey, DeChazier Pykel

Ensuring Equity and Inclusion in AI Adoption: Insights from My Podcast with Robert Lawrence Wilson I had the pleasure of discussing the critical topic of Bias in AI with Robert on his recent podcast. We discussed the history of AI and its growing impact on modern businesses. Our conversation took a deep dive into the various types of biases that can emerge in AI systems, from data and algorithmic bias to the human biases that shape AI development and deployment. One key takeaway from our discussion: as organizations increasingly adopt AI, it is crucial to incorporate diversity, equity, and inclusion considerations into every stage of the process. This means ensuring that the data used to train AI models is representative and inclusive, reflecting the diversity of the populations the AI will serve. It also means designing algorithms that prioritize fairness and equity, and subjecting them to rigorous bias testing and auditing. Critically, DEI must be at the forefront of how AI is applied across various business functions. ➡ In recruiting, AI tools should be used to enhance diversity and mitigate bias in hiring decisions. ➡ For career advancement, AI systems must be designed to provide equitable opportunities and counter historical disparities. ➡ Corporate policies and communications shaped by AI should undergo careful review to ensure they are inclusive and free from bias. Ultimately, the successful integration of AI in business requires a proactive, informed approach. It demands collaboration among AI developers, business leaders, HR professionals, and people and culture experts. Only by working together can we harness the power of AI to drive innovation and efficiency while also promoting equity and inclusion. The podcast will be released in May/June and I will share when it is ready. Let's continue this crucial conversation and work towards a future where AI serves as a tool for greater fairness and representation in the workplace. #AI #Bias #Diversity #Equity #Inclusion #DEI #Recruiting #CareerAdvancement #CorporatePolicy #HumanResources

As AI adoption continues to skyrocket, businesses are entering an experimental phase of incorporating AI capabilities into their operations. According to a recent report by Cognizant & Oxford Economics, the adoption of AI could increase from 13% to 31% within the next four to eight years. This rapid growth in AI adoption is expected to bring about significant changes and disruptions in various industries. #GenerativeAI, in particular, can deliver up to $1 trillion in annual growth by 2032. However, along with its immense growth potential, there is also a concern that it could disrupt up to 90% of existing jobs. This hypothesis poses a challenge for leaders who need to navigate this upheaval and ensure that they harness the full potential of this technology while minimizing any negative impacts. One critical approach for leaders is investing in people. As #AI becomes more prevalent, organizations must focus on upskilling and reskilling their workforce. By providing training programs and resources that enable employees to adapt and acquire new skills, leaders can ensure that their teams are equipped with the knowledge and capabilities needed in an AI-driven future. Additionally, leaders should foster a culture of continuous learning and innovation within their organizations. Encouraging employees to embrace change and explore new opportunities presented by #GenAI technologies can help them stay ahead of the curve. Furthermore, collaboration between humans and machines should be emphasized. Rather than viewing AI as a replacement for human workers, leaders should recognize its potential as a tool that enhances human capabilities. By leveraging the strengths of both humans and machines, organizations can achieve greater productivity and innovation. In conclusion, investing in people becomes crucial as businesses navigate the upheaval of increased AI adoption. By prioritizing employee development and fostering a collaborative environment between humans and machines, leaders can effectively harness the full potential of this transformative technology while ensuring a smooth transition into an AI-driven future.

AI exposure and impact on Jobs: Good & Bad - We need better preparation and execution. Just watched a thought-provoking video by Gita Gopinath, the Deputy Managing Director of the IMF, speaking from Davos at the World Economic Forum on the impact of Artificial Intelligence on the global job market. The IMF's recent research indicates a staggering 40% of jobs worldwide are now exposed to AI, with this figure soaring to 60% in the US. However, for lower-income countries, it dips to 26%. This exposure, as Gita aptly points out, is a double-edged sword. On the bright side, AI promises to boost worker productivity, a leap forward in efficiency and capability. But, it also poses a significant risk of displacing workers. As an HR tech entrepreneur and an evangelist for AI Workforce Transformation, I see this as a crucial juncture. The development and application of AI aren't set in stone. It's a path we're carving out, day by day. Gita's emphasis on the need for global cooperation and policy-making in this domain resonates deeply with me. AI is borderless, and so should be our approach in harnessing its potential while safeguarding our workforce especially in developing countries. We need strategies that not only bring AI's capabilities but also ensure that this technological revolution benefits humanity as a whole. This calls for a transformation in how we view and prepare our workforce. Upskilling and reskilling should be at the forefront of our HR strategies. We must create an ecosystem where humans and AI collaborate, enhancing each other's strengths. At iMocha & Revature this is our core offering to find skill gap and guiding them for #upskilling & #reskilling to create Future Ready Workforce and elevate their career progress using #Skillsintelligence I take this as an opportunity to urge all Founders, CXOs, HR Leaders in shaping a future where AI is not just a disruptor but a powerful ally in driving human potential and prosperity. Amit D Mishra Sujit Karpe Dave Ghosh Maansi Sanghi Vishal Pradhan Vishal Madan Ashwin Bharath Vidya Shankaran Anurag Gupta Vicente Pava #AIWorkforceTransformation #FutureOfWork #HumanAIcollaboration #HRtech #Davos2024 #GitaGopinath