Genpact and IBM Discuss How AI is Reshaping Corporate Business Models
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What happened
Genpact and IBM discussed the impact of Artificial Intelligence on various business models. At IBM, SVP and CFO Jim Kavanaugh outlined how AI is creating a new discipline of “workforce economics.” This involves the convergence of financial strategy and human capital decisions as companies utilize AI to change workflows and operating models.
From siliconangle.com
Why it matters
The shift compels chief financial officers and chief human resources officers to align their strategies. This focus on workforce economics is driven by the need to determine where human capital creates the most value and how productivity gains from AI should be reinvested.
From siliconangle.com
Who's involved
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The entities involved
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- Bill Gates commented on the current AI boom, drawing parallels between its societal impact and that of the rise of the Internet.
- AI affects 40 percent of human jobs, according to a report involving IBM and the International Monetary Fund.