How can businesses balance their focus on artificial intelligence with employment responsibilities according to the Chief Economic Advisor

What advice did the Chief Economic Advisor give to businesses regarding the use of artificial intelligence and employment responsibilities?
The Chief Economic Advisor advised businesses to balance their focus on artificial intelligence with employment responsibilities by:
  • Investing in workforce training and upskilling programs to prepare employees for roles that complement AI technologies.
  • Ensuring transparency and fairness in AI implementation to build trust among employees and mitigate concerns about job displacement.
  • Emphasizing the importance of human judgment and creativity in decision-making processes alongside AI tools.
  • Engaging with employees to gather feedback and insights on how AI can be effectively integrated into workflows without compromising job stability.
  • Collaborating with policymakers to develop regulations that promote responsible AI usage and protect workers' rights.
Answered 9 months ago
Mohit Preparing for Civil Services