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Friday, November 8, 2024

How GenAI will help Asia’s top firms boost worker retention, collaboration

To enhance worker retention and collaboration, 60% of Asia’s top corporations will modernize their technology and software by 2025. We expect generative AI to improve productivity, scalability, and customer experiences by 2026.

Hardware and software upgrades are expected from 60% of Asia’s leading enterprises. To improve worker retention and collaboration, customized work experiences will be implemented in 2025.

A recent paper claims that generative AI is a game-changer for organisational growth, weaving a seamless tapestry spanning Intelligent Document Processing (IDP), Generative Automation, and Knowledge Sharing.

IDC forecast: “By 2026, businesses that link GenAI to smart document handling will discover 20 per cent more ways to use it, boosting productivity, scalability, and delivering better customer experiences.”

By 2024, business teams replaced low-code and IT-supported development with code generation copilots to streamline jobs with task/workflow automation at 70% success.

The paper stated that GenAI technologies will enable senior executives to double the productive use of unstructured data by identifying hidden insights and knowledge in 2025, resulting in 20% sustained business benefits.

GenAI provides personalized development, making skill improvement essential and strategic. Companies prioritize workplace reimagination, digital twins, and sustainability “Dr. Lily Phan, Research Director, Future of Work, IDC Asia/Pacific.

By 2027, GenAI adoption will redefine or remove 40% of employment functions in organizations. The report stated GenAI and automation everywhere will help organisations to gain $1 trillion in productivity by 2027 through customized technological skills development.

Conclusion

To improve employee retention and collaboration, 60% of Asia’s top corporations will modernize their technology and software by 2025. Generative AI uses Intelligent Document Processing, Generative Automation, and Knowledge Sharing to improve productivity, scalability, and customer experiences. Businesses using GenAI for smart document processing will find 20% more uses by 2026. By 2027, 40% of jobs will be redefined or eliminated, and companies will boost productivity by $1 trillion with specialized technology capabilities.

Nitin Gohil
Nitin Gohil
A Mumbai-based tech professional with a passion for writing about his field: through his columns and blogs, he loves exploring and sharing insights on the latest trends, innovations, and challenges in technology, designing and integrating marketing communication strategies, client management, and analytics. His favourite quote is, "Let's dive into the fascinating world of tech together."

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