GenAI boosts Asia top firms worker retention to 60%

Anjali Sharma
GG News Bureau
NEW YORK, 16th Jan. According to a new report released on Monday 60 per cent of Asia’s top companies will upgrade hardware and software technologies by 2025 to increase worker retention with personalized work experiences and enhanced collaboration.

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

The IDC report predicted that “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.”

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.

The report noted that 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.

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

The report added that by 2027, 40 per cent of current job roles will be redefined or eliminated across organizations accelerated by GenAI adoption. Enterprises will leverage personalized technology skills development to drive $1 trillion in productivity gains by 2027, enabled by GenAI and automation everywhere

Comments are closed.