Forbes July 1, 2024
Mark Cameron

Mark Cameron is the CEO of Alyve Consulting, a Technology Strategy and Transformation Advisory based in Melbourne, Australia.

As AI models mature, their impact on the economy is becoming increasingly profound. They offer unprecedented opportunities for innovation and efficiency. Here’s how.

Traditional Businesses Maximizing Efficiency

AI enables traditional businesses to accomplish more with fewer resources. According to IBM, automation, machine learning and advanced analytics allow companies to streamline operations, optimize supply chains and enhance customer service. Tasks that once required large teams can now be efficiently managed by sophisticated AI systems, increasing productivity and accuracy.

The Evolution Of Workforce Value Creation

As AI begins to take over mundane tasks, the role of the human workforce is evolving. Employees are no...

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