January 15, 2024
1 min read

GenAI to help 60% of Asia’s top firms boost worker retention

Business teams using code generation copilots will achieve a 70 per cent success rate in streamlining jobs with task/workflow automation, replacing low-code and IT-supported development by 2024…reports Asian Lite News

Around 60 per cent of Asia’s top companies will upgrade hardware and software technologies by 2025 to increase worker retention with personalised work experiences and enhanced collaboration, according to a new report.

Generative AI emerges as a game-changer for organisational advancement, weaving a seamless tapestry across three key fronts: Intelligent Document Processing (IDP), Generative Automation, and Knowledge Sharing.

“By 2026, businesses that link GenAI to smart document handling will discover 20 per cent more ways to use it, boosting productivity, scalability, and delivering better customer experiences,” the IDC report predicted.

Business teams using code generation copilots will achieve a 70 per cent success rate in streamlining jobs with task/workflow automation, replacing low-code and IT-supported development by 2024.

In 2025, GenAI tools will enable senior leaders to double the productive use of unstructured data by discovering untapped insights and knowledge, driving 20 per cent growth in sustainable business benefits, the report noted.

“The focus on skill development becomes a necessity and a strategic imperative, as GenAI enables personalised development. Simultaneously, the reimagination of workplaces, with digital twins and sustainability stand out as key foci for companies,” said Dr Lily Phan, Research Director, Future of Work, IDC Asia/Pacific.

By 2027, 40 per cent of current job roles will be redefined or eliminated across organisations accelerated by GenAI adoption. Enterprises will leverage personalised technology skills development to drive $1 trillion in productivity gains by 2027, enabled by GenAI and automation everywhere, the report said.

ALSO READ-India second in Asia for most Internet Exchange Points

Previous Story

India Gifts Buses, Ambulances, Tractors to Uganda

Next Story

‘AI models can be trained to deceive, give fake info’

Latest from Asia News

Trump Urged to Back Baloch Rights in Pakistan

The letter urged President Trump to recognise the Baloch people’s right to self-governance and to raise his voice against the alleged atrocities committed by the Pakistani military…reports Asian Lite News In a

ISI Steers Bangladesh Closer to Turkey

The Jamaat-e-Islami, at the behest of the ISI, coaxed the Muhammad Yunus government to stitch a closer alliance with Turkey. …reports Asian Lite News Bangladesh, which is facing turmoil following the fall

Oli, Lekhak Grounded as GenZ Inquiry Tightens Grip

The commission said that the decision was taken because these individuals are under investigation and could be summoned for interrogation at any time during the inquiry process….reports Asian Lite News An inquiry

UN Reactivates Sanctions on Iran

Iran President Masoud Pezeshkian insisted last week that the country had no intention of developing nuclear weapons….reports Asian Lite News The United Nations has confirmed the reactivation of sanctions against Iran. “Pursuant
Go toTop

Don't Miss

GenAI to generate $2.6-$4.4 trillion annually

The last 6-8 months have seen a rapid evolution in

Global GenAI Funding Hits Record $10 Billion

Sarvam AI from India recently secured $41 million funding and