HUMAN CAPITAL
Business Chief EMEA discusses the rise of human and AI collaboration in HR operations with Ray Joyce and Steve Gill HR Services at EY
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IIn the last decade , the rise of artificial intelligence ( AI ) has been exponential . By the end of 2020 , the AI industry is expected to have a total revenue of US $ 156.5bn , with 80 % of emerging technologies having AI foundations as we enter into 2021 . While the International Data Corporation ( IDC ) expects investment in AI to be impacted by the outbreak of COVID-19 , the corporation still predicts that the worldwide revenue will surpass US $ 300bn by 2024 , with a compound annual growth rate ( CAGR ) of 17.1 %.
With this in mind , Business Chief spoke to Ray Joyce , Global Talent Predictive AI Lead , HR Services and Steve Gill , Global Talent AI Lead , HR Services at EY to discuss the rise of human and AI collaboration in HR operations .
Working in the industry , Joyce identifies two major trends that are currently occurring in the industry , “ I think one major trend that is being shown at the present time is to provide HR and , in turn , organisations with greater insight to their data .” He highlights that harnessing machine
DECEMBER 2020