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

‘I don’t know how I’m alive’

Vishwash Kumar Ramesh is believed to be the sole survivor of the Air India Flight 171 crash. His brother said he video called their father moments after the crash to say: “I

DEADLY TAKEOFF: 241 Gone, One Lives!

The flight had 242 on board. Only one—an Indian-origin Briton in seat 11A—survived and is being treated in hospital. An Air India Boeing 787-8 Dreamliner carrying 242 people crashed shortly after takeoff

Visa row paralyses Nepal Parliament

Opposition presses for probe into Home Ministry links, visa scam exposes deep-rooted corruption at Kathmandu airport A political deadlock in Nepal’s federal parliament has now entered its third week, with sessions of

Student fury over poll delay in Bangladesh

Awami League’s student wing warns of creeping extremism, minority attacks, and pro-Pakistan tilt under Muhammad Yunus-led interim regime as 2026 election plans spark fierce backlash across Bangladesh. A political storm is brewing

Starmer Shuts Door on Yunus

UK government officials have confirmed the development, saying that Starmer has no plans to meet Yunus. They did not comment further on the matter. In a significant diplomatic setback, British Prime Minister
Go toTop

Don't Miss

1 in 4 Firms Ban GenAI: Report

Most firms are limiting the use of Generative AI (GenAI)

GenAI to generate $2.6-$4.4 trillion annually

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