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One large US bank, for example — an aggressive adopter of AI — has announced a $350 million investment in reskilling related to AI-related job change… - Thomas H. Davenport
" "One large US bank, for example — an aggressive adopter of AI — has announced a $350 million investment in reskilling related to AI-related job changes, and the bank is being both predictive and granular about the initiative.10 It’s working with researchers from MIT and elsewhere to understand — based on a “suitability for machine learning” (SML) assessment — which skills and jobs are most likely to be replaced by AI.11 The SML analysis will help the bank plan for changes in those jobs and help workers gain the skills they need to succeed in their modified jobs or transition to new ones.
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About Thomas H. Davenport
Thomas Hayes "Tom" Davenport, Jr. (born October 17, 1954) is an American organizational theorist, Professor in Information Technology and Management at Babson College, and consultant, who specialized in analytics, business process innovation and knowledge management.
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Defined simply, innovation is, of course, the introduction of something new. We presume that the purpose of introducing something new into a process is to bring about major, radical change. Process innovation combines a structure for doing work with an orientation to visible and dramatic results. It involves stepping back from a process to inquire into its overall business objective, and then effecting creative and radical change to realize order-of-magnitude improvements in the way that objective is accomplished.
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