A significant report by EY highlights that 70% of individuals in Malaysia's workforce are ready to integrate generative AI, yet many remain untrained.
In Brief
According to an EY survey, 70% of Malaysian workers either intend to adopt generative AI in the next year or have already started to integrate it into their workflows.
An impressive 63% of employees in Malaysia expect generative artificial intelligence to significantly alter their workplace dynamics, notably surpassing the global expectation of 48%, based on findings from the recent EY 2023 Work Reimagined Survey. In line with this, 70% of Malaysian workers are either gearing up to employ generative AI within the next year or are already in the process, while employers share similar enthusiasm, with 84% expressing optimistic expectations. However, the survey reveals a troubling trend: despite recognizing the necessity of skill development, a mere 22% of Malaysian employers are planning to offer training related to generative AI, reflecting a notable gap in workforce preparation.
"It's heartening to see that both Malaysian employees and employers are increasingly aware of the transformative potential of GenAI in the workplace. Yet, there remains a critical need for upskilling to equip the workforce with the necessary technological competencies,\" stated Low Choy Huat, who leads EY's Asean people advisory services. generative AI redefining flexible work.
"We must prioritize the rapid enhancement of essential skills to harness GenAI's capabilities while also promoting its ethical and responsible use within the workforce,\" added Low Choy Huat.
Low Choy Huat emphasized that to cultivate a resilient workforce amid continuous economic fluctuations, employers must proactively adapt to the changing expectations and requirements of their staff.
The advent of generative AI has ignited diverse reactions. Some view it as a beacon of productivity growth and the creation of new job opportunities, while others worry about job losses and increasing inequalities, leading to a pervasive anxiety about job security on a global scale. Nevertheless, a June 2023 survey known as the LinkedIn US Executive Confidence Index Survey paints a more hopeful picture, revealing that 47% of executives expect generative AI to enhance productivity, with 44% planning to ramp up AI usage over the next year. Moreover, 40% consider AI a crucial driver for future growth and revenue.
The findings also show that 70% of people are more than willing to assign certain tasks to AI, aiming to ease their workload.
This scenario presents a dual challenge: capitalizing on the benefits of AI while managing the disruptions it brings. Organizations are encouraged to innovate their talent management strategies to aid employees in transitioning to new roles and working methods.
The advent of generative AI in the workforce As conversations surrounding AI and its implications for the workforce intensify, industry leaders are exploring the best strategies to harness AI's potential. Their efforts are directed towards achieving business goals while also ensuring the workforce's wellbeing during this transition. It's essential to remember that the information shared on this page does not constitute legal, tax, investment, or other professional advice. Always invest only what you can afford to lose and seek independent financial guidance if needed. For more information, please refer to the terms and conditions and support resources provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased news, though market conditions can fluctuate without prior notice. Kumar is a seasoned technology journalist focused on the vibrant intersections of AI/ML, marketing tech, and innovative sectors like cryptocurrency, blockchain, and NFTs. With over three years in the industry, Kumar has built a reputation for crafting compelling stories, conducting engaging interviews, and developing in-depth analyses. His skills are evident in high-impact content that includes articles, reports, and research papers for leading industry outlets. Kumar's unique blend of technical insight and narrative flair makes complex tech concepts accessible and engaging for a wide range of audiences.
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