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Home > Archives > Volume 20, No 8 (2022) > Article

DOI: 10.14704/nq.2022.20.8.NQ44883

ARTIFICIAL INTELLIGENCE-DRIVEN INNOVATION: A KEY TO ENHANCE THE PRODUCTIVITY OF EMPLOYEES

DR. ASHIMA JOSHI, DR. JOLLY MASIH, SUMIT ZOKARKAR, YASHASWINI JOSHI

Abstract

Purpose: To present an overview as how Artificial Intelligence-driven innovations have contributed in the efficiency of organizations and how it has improved the efficacy and productivity of employees. Methods: A systematic literature review was performed for articles pertinent to the topic of artificial intelligence with an emphasis on its impact on the Future of Work. Besides this the research will be qualitative in nature where highly relevant research work would be examined on various KPIS(Key performance indicators) related to performance of employees. The KPI will be scored on likert followed by stepwise statistical test like correlation and factor analysis is identify most important KPI and it’s relationship with other KPI. This detailed qualitative and exploratory research will be helpful in framing of pilot study at large level for employees. This would address relevance of AI and help in identifying which KPI would be required by industry in future. Results: Based on results of correlation matrix and factor analysis, it had been observed that out of all the 13 KPIs, “Level Automation”. “Data & Content” and “Potential Capacity” has maximum correlation with all other KPIs. Thus, these 3 KPIs can be considered to have high strength of association in positive aspect with other remaining KPIs. 4 factors (Qualitative Transformation Solution, AI-Automation Potential Impact, Innovative Data Outcome and Team Knowledge )were derived from 13 KPIs which combine with each other to produce a cumulative effect on growth and productivity of any organisation and ultimately leads to better work productivity and higher economic returns. Conclusions: Artificial intelligence has a promising future for the modern workforce however, many challenges remain. Since the introduction of new technology, AI, there is no longer a need for employees to manually gather and organise data. AI has the incredible superhuman capacity to acquire data and information. AI gives firms prescriptive and predictive insights, allowing them to see potential future possibilities and provide suggestions for how to proceed.Artificial Intelligence provides organisations with prescriptive and prophetic data so the organisations will review potential future opportunities and provide steering on the way to proceed. These insights is sometimes employed in alternative ways to extend and boost productivity. Translational Relevance: The aim of this research article is to provide the researchers(both technical and non-technical), business houses and industries explanation of the importance and relevance of the use of Artificial Intelligence methods in the modern era. The aim is to provide the researchers with a healthier empathetic understanding of the potential and prominence of artificial intelligence in enhancing the productivity of employees

Keywords

Artificial intelligence, Efficiency, Efficacy, Employees, Innovation, Organizations, Potential, Workforce

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