Market Adoption Criteria and Influencing Factors for AI

economic theories related to the use of AI

Future of AI in Business

Artificial intelligence (AI) is more than just hype, according to Felicia Burgan, Chief Executive Officer of Solgard Industries. " It everything. It's a opportunity, " said. In near , AI will up collection, the of it to loan , and the process. " AI how organize company, " Burgan . "Managers start to think about using data in a far different way than they ever did before."

The recruitment and selection of staff can be a resource–intensive undertaking. Employers might find the use of Artificial Intelligence (AI) technologies appealing because it could relieve them of some of the workload and speed up the recruitment and selection cycle. However, it also comes with risks and disadvantages. This essay question asks you to advise an organization that is debating whether to use AI in recruitment and selection.The organization is a large financial services firm that is growing rapidly and is looking to fill multiple vacancies for the role of business development manager.  To date the firm has been relying on an external recruitment agency to advertise and source candidates but this has not been successful.   The firm’s managers and HR professionals seem to spend time interviewing people the agency has shortlisted that do not fit with the company culture and are missing key attributes – either they have high level technical skills (in finance and accounting) or high interpersonal and networking skills, but rarely both.  Business development managers are in high demand, and they are often considering offers from multiple employers.This firm is also very conscious of its public reputation and wants to promote themselves as an ‘employer of choice’.  In addition, they want to increase the diversity of their current workforce by attracting applicants from a broader range of backgrounds.  Based in Melbourne, they would be interested in candidates from other cities and countries. They can offer competitive market salaries plus relocation costs and other assistance to help new employees settle in Melbourne as well as other benefits (such as childcare subsidies, generous leave provisions and a four–day working week). Essay question:Discuss the advantages and disadvantages of using AI in recruitment and selection that are relevant to this scenario.  If this firm were to decide to use AI, provide recommendations on how and when they should use it in the recruitment and selection process.Your answer should primarily draw on academic theory, research and evidence but you can also use other (non–academic) sources to illustrate key points.

Which of these are the first three steps customers should take to get started on their AI Journey?1 pointProve, adopt and scale Prove, adopt and designProve, scale and design Adopt, scale and design