As AI technology keeps evolving, it is ushering in a four-day working week for businesses that have been quick to adopt it to enhance operational efficiencies.
Studies show that a majority of companies that have fully embraced AI are open to a four-day working week, as opposed to the five days still being implemented by slow adopters.
Shorter week with better results
Tech.co’s Impact of Technology on the Workplace report shows that 93% of firms that use AI are open to the idea of a four-day working week, while others are already implementing it.
The firm conducted a survey of 1,047 business leaders and revealed companies that have integrated AI into their operations liked the idea of a shorter working week.
On the other hand, only 41 percent of businesses that do not use the technology are open to a four-day working week.
According to the findings, 72% of business leaders who have embraced AI report “high organizational productivity.”
Of the surveyed senior leaders, 59% who use the technology maintain that it has a positive impact on job satisfaction.
According to Fenews, it is not surprising that businesses that embrace AI technology, also known for enhancing productivity, are more open to the idea of a four-day working week.
Merging AI and a shorter working week can have benefits for both businesses and their employees’ well-being and, subsequently, productivity.
Also read: Deepfake CFO Dupes Employee $25.6M in Hong Kong AI Scam
The secret to efficacy
The results of the survey also insinuate that AI could be the secret to the successful implementation of a four-day working week, as businesses are operating in an effective and efficient manner, resulting in shorter work. This comes as businesses have automated their operations as they leverage AI to optimize processes.
The availability and usage of AI tools like OpenAI’s ChatGPT, Google Bard, Microsoft Bing, and Claude, among others, have changed the way businesses view work. Of these, ChatGPT was the most widely used AI tool, with 65% of business leaders acknowledging using it in their companies, followed by Bard at 48%.
“As more businesses harness tools like ChatGPT and Google Bard to streamline processes and handle administrative duties, these responses unearth exciting insights about AI’s potential to drive up productivity,” said Tech.co’s editor Jennifer Mcllveen.
“They also demonstrate how this surplus productivity can be used to benefit workers and not just business owners by freeing up leisure time and bringing concepts like the 4-day workweek closer to reality,” added Mcllveen.
However, the report also notes that the implementation of a shorter working week is also dependent on age range.
The survey revealed the younger generation, or 65% of the Millennial and Gen X leadership, is open to a four-day working week or is already implementing it, while only “45% of the Baby Boomer senior leadership felt the same way.”
What do others say?
Other studies carried out on the impact of AI in business have also confirmed the transformative abilities of the technology.
Last year, a study by the National Bureau of Economic Research revealed the power of AI to positively impact business operations. The study also showed that companies that embrace AI have better chances of resolving issues of whatever form that may arise during working hours.
With AI integrated into operations, businesses can help remove long-standing “legacy bottlenecks” by applying intelligent solutions and surfacing data-driven insights in real time.”
Eventually, businesses should see profits from leveraging AI for enhanced efficiency.
and then