ChatGPT is a revolutionary technology that business owners can leverage to stay ahead of the curve. This is just one of many AI tools, there are many more platforms out there and of course, more to come.
It provides unprecedented engagement and understanding, allowing you to better serve your customers and employees. By utilising this powerful AI technology, businesses can gain valuable insights into their operations, giving them the edge, they need in today’s rapidly changing world.
But what is ChatGPT and how is it going to change jobs in the future? In this blog, we discuss everything you need to know about Chat GPT, what this means for your business, how you can adapt, how AI is affecting the workplace, what this means for jobs in the next 5 years and how it will require new HR Policies to be developed.
What is ChatGPT
ChatGPT is a chatbot powered by Artificial Intelligence that provides an interactive way for users to engage with a conversational agent. It was developed to answer questions and provide information on various topics such as technology, science, entertainment, history, society, and more. As an HR Professional, and/or Business Owner, you would be misguided in not thinking about how AI Replacing Jobs and impacting your business, and what you need to consider to manage the positive and negative effects.
How are businesses using Chat GPT?
Businesses are using Chat GPT in various ways to improve customer experience and optimise workflow processes. Here are a few examples:
1. Customer service: Chat GPT can be integrated into a company’s website or social media pages to provide quick and personalised responses to customer inquiries. This can help businesses increase customer satisfaction, reduce response times, and save money on customer support.
2. Sales: Chat GPT can be used to provide product recommendations, answer questions about pricing, and assist with the purchasing process. This can lead to increased sales and revenue for businesses.
3. Lead generation: Chat GPT can be used to collect user information and generate leads. By engaging with users in a conversational manner, Chat GPT can gather data and qualify leads for sales teams to follow up with.
4. Workflow automation: Chat GPT can be used to automate repetitive tasks such as scheduling appointments, sending notifications, and answering common questions. This can improve efficiency and free up time for employees to focus on more complex tasks.
How is AI Affecting the workplace?
AI significantly impacts the workplace by automating repetitive tasks, improving workflow processes, and increasing efficiency. This has led to cost savings and higher productivity for businesses. It can also generate detailed business reports and graphs
However, there are concerns about AI Replacing Jobs as machines can perform certain tasks that were previously done by humans. As AI technology continues to advance, it is important for businesses to adapt and retrain their workforce to work alongside these new technologies instead of replacing entire job roles.
Ethical considerations regarding the use of AI in the workplace, such as privacy concerns and bias, must be addressed to ensure that its implementation is fair and transparent. Our HR Business Partners are on hand to advise you to ensure that your business is complying with the best ethical practices.
What are the risks of AI Replacing Jobs?
AI technology has changed the way businesses and individuals operate, allowing them to quickly put together a resume or assignment with ease. However, this can also be used to their disadvantage, as creating content without understanding it completely or fabricating information is possible.
As business owners, it is important to take into consideration the potential risks that come with using AI technology and learn how best to manage such situations. This is where Park City can support your business. The world of AI is completely new to us all, but we are here to support you through this transition. Your HR Business Partner will help you implement new policies to ensure your employees don’t abuse AI and use the tool for good purposes, aligned to your business objectives.
The future of work
AI is expected to significantly impact various industries in the next few years. Some jobs might become obsolete due to automation while others will likely be transformed by AI technologies. According to a report by Gartner, by 2025, AI will create approximately two million new jobs and eliminate about 1.8 million jobs. This suggests that the impact of AI on jobs will not be solely negative but will also bring new opportunities for job creation.
Jobs that are repetitive, low-skilled, or dangerous might be automated, leading to their gradual decline. However, new jobs may emerge in the areas of machine learning, data analysis, maintenance and repair of AI systems, and consulting services related to AI implementation.
We’re here to support your business…
As a business owner, it is essential that you understand the importance of staying up-to-date to remain competitive. At Park City Consulting, our HR Business Partners are committed to responding to the ever-changing trends and helping business owners like yourself to stay on top of them.
Now more than ever, people are talking about Chat GPT and the revolution of AI. We highly suggest creating a demo account to familiarise yourself with the platform so that you can learn about the benefits of the platform and how your business can use it to streamline processes and increase productivity.
We also encourage you to conduct a risk assessment to identify potential risks associated with Chat GPT use, such as how it may affect employee working habits or performance, and how job roles may benefit from its use or conversely how some may abuse it’s use.
Do you need an AI Policy drafted for your business?
In 5 years’ time, it is likely our organisations will look drastically different due to the impact of AI. Customer service jobs are likely to become automated and taken over by AI tools and new jobs will be created to ensure AI is running as it should. The education sector will be evolving rapidly to ensure exams and learning are still authentic and not generated by AI. Having an AI Policy relevant and applicable to your people’s use of AI in the workplace is highly recommended and will become an essential requirement in the future.
At Park City, we understand the importance of staying up to date with the latest news and legislation regarding AI tools. As business owners, you can count on us to provide reliable support when needed. If you don’t have a policy, please get in touch with our team and we can discuss your needs in detail. When you choose to work with us, our team becomes an extension of your own, ready to take on any challenges that come your way. Park City encourages businesses to explore how AI can enhance their business, don’t ignore it, sign up and get familiarised with the AI tool.
