Artificial Intelligence Transforms the Business Ecosystem

Artificial Intelligence Transforms the Business Ecosystem
Artificial Intelligence (AI) is increasing job opportunities but also creating concerns about potential job losses. However, AI has brought about a transformation in the "thinking and working" approach within the business ecosystem. Research conducted by Deloitte Management and the prestigious EY (Ernst & Young) suggests that 65% of companies are using AI for recruitment, with 28% actively using AI to enhance productivity.
The AI revolution was a significant topic at the Data Science and Artificial Intelligence Summit held in New Delhi. Participants, including global experts, discussed the latest AI advancements and their potential applications in various industries. A recent survey highlighted that AI tools assist in recruiting new employees and help improve performance and creativity within organizations.

Key Survey Findings:
•    73% believe AI increases creativity at work.
•    65% of companies are using AI for recruitment.
•    87% companies focus on AI-based upskilling for their workforce.
•    54% expressed concern about the rise in cyberattacks due to AI.
AI in Cybersecurity and Workforce Development
AI is becoming a core tool in cybersecurity. However, with the increased use of AI, 54% of companies have voiced concerns about rising cyber threats. To address these issues, experts at the summit suggested cybersecurity protocols tailored for AI-driven environments.
Companies are implementing various measures to enhance AI-based recruitment, productivity, and employee training. Additionally, 73% noted the potential of AI to boost workplace creativity, while 55% highlighted regulatory challenges related to AI.
Overall, AI is rapidly reshaping how businesses operate, manage talent, and secure their systems in an evolving digital landscape.