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The Partnership on AI published case studies on the impact of AI on economy,labour,productivity and society. The three companies involved in the case study were Axis Bank,Tata Steel Europe(TSE) and Zymergen. The conclusion was that- successful implementation of AI required adaption of the technology by the management and the employed workforce alike.An increase in productivity and financial gains was reported by each firm in the short term. Because each firm in the case study,operated in a different field,benefits of the adaptation of AI,manifested in different ways.The impact on the workforce was more varied depending on the labour market and the impact cascaded across supply chains,partners and customers.However each firm also faced its opportunity and challenges. The effects were not independent or exhaustive The area of research could be extended. More such case-studies will acknowledge other areas in which AI could work. Read more at: https://www.aitrends.com/ai-adoption/real-world-impact-of-ai-on-labor-economy-told-through-case-studies/
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