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How Companies are Using AI as a New Team Member
How Companies are Using AI as a New Team Member

Forbes

time2 hours ago

  • Business
  • Forbes

How Companies are Using AI as a New Team Member

How Companies Are Using AI As a New Team Member Most organizations treat the implementation of AI as a technical challenge. What's often overlooked is the opportunity to use AI as a new team member. With AI expanding across enterprises, leaders must tap the full potential of AI as both a productivity tool and a thought partner. University of Phoenix research conducted among 604 HR leaders and workers and supplemented with interviews of senior HR leaders found that workers want to partner with AI as a new team member, not just learn the technical skills to use AI in their job. Nearly 4 out of 10 workers want to learn how to collaborate with AI in their job, and this ranked slightly behind learning how to use AI to get their job done faster and with greater efficiency. AI Is Your New Team Member The marks a shift in extending the application of AI beyond technical domains to help workers integrate AI in their team. Understanding the Human Side of AI Exploring the human potential of embedding AI into one's job will be the next frontier for leaders. For example, while EY has made a significant investment in training 400,000 of its workforce to understand the fundamentals of safely using AI, it is not stopping there. The firm is now focusing on the human side of AI. Alex Laurs, Chief Learning and Development Officer of EY, believes there is also an opportunity to balance the investment in AI foundations with training in human centric skills. He notes that an important point often missed in the narrative on adopting AI is that uniquely human skills will themselves be augmented with AI. Laurs explains, 'At EY, people aren't just learning to use AI to be more efficient - they are learning to use AI to be better human beings and more impactful leaders. For example, in the EY Master Classes (a program design to grow these human skills) professionals can now learn how to augment their leadership skills using AI as a partner to become better critical thinkers and to identify actions they can take to make their colleagues feel more respected and valued.' Working with AI is the New Workplace Competency There is an increased expectation that current and prospective hires should integrate AI in their jobs. This is impacting hiring decisions with 87% of leaders who plan to hire listing AI experience as valuable for job seekers. Duolingo CEO Luis von Ahn communicated to his workers that AI usage will be factored into the company's hiring decisions and performance reviews. In addition, before requesting a new hire, teams will have to demonstrate why AI can not do a job. And in a viral manifesto to Shopify's workforce, CEO Tobias Lütke emphasized that AI proficiency is required for all employees from junior levels to the executive team. How well they integrate AI use into their jobs will influence how Shopify assesses and rewards them. And Cisco is also asking managers to consider how jobs could potentially be done by AI before filling any open roles on their team. All three examples point to the need for workers to be students of AI, to think about how AI will change their job role, and to be creative in proposing new ways to use AI for both efficiency gains and innovation. What Leaders Can Do to Help Workers Tap the Full Potential of AI To develop an AI-powered workforce, leaders must create transparency in how they use AI, consider embedding AI into training programs and use AI to train workers in human skills not just AI foundations. #1. Develop a culture of shared AI knowledge Being a constant learner of AI is now expected for all workers and leaders need to role model this by building a culture of curiosity where leaders use AI in their work and then share this, rather than just mandate AI usage. Alex Laurs of EY has done just that. Laurs created a strategy and innovation AI agent to assist his team in developing a new learning and development operating model. He shared this with his learning team and challenged them to use it, break it, report back on the flaws, and create the next iteration. Laurs shares, 'the successful adoption of AI will require all of us to disrupt our workflows and create new processes.' Laurs is already disrupting his own job by scheduling weekly one-on-one meetings with his strategy and innovation AI agent to provide continuing context for projects and then review performance. This expanded use of AI as a collaborator disrupts the job of leaders but also leads to enhancing their creativity and innovation. #2. Use AI to develop human skills In a workplace where AI is used in one's daily job, training and development must be re-imagined to incorporate AI tools. For example, Medtronic, a global healthcare technology company, is deploying AI/virtual reality (VR) role playing to train sales teams in product training as well as how to navigate ambiguity, exercise judgment in complex sales situations, and resolve conflicts with customers. Matt Walter, Chief Human Resources Officer at Medtronic, shared, "We launched a pilot using AI/virtual reality role-playing simulations for sales teams in January 2025, and we are already seeing a 94% increase in confidence levels among the salesforce, and and we saw an 82% improvement in retention of knowledge after training with AI/VR compared to 77% for traditional training and usage also led to increases in efficiency in getting sales representatives into the field faster.' Walter, who is trained as an industrial psychologist, continues, 'we believe using immersive technologies like AI/VR role playing simulates realistic workplace scenarios helping our sales representatives to both develop the skills they need to sell as well as receive real time feedback in their jobs.' Medtronic is incorporating AI/VR into their onboarding process for new sales hires, allowing them to become familiar with AI early in their careers and learn how to leverage AI in their jobs. The goal at Medtronic is to shift from training workers about AI to embedding AI into training. 3. Balance your investment in both AI and human literacy Organizations must balance their investment in AI proficiency with an investment in the human skills needed to partner with AI. While AI adoption has increased for knowledge workers, many are not tapping into the full potential to use AI as a team member. Recent research from Gallup reports that while adoption has increased by 12% from 2024 to 2025, workers are still not prepared to work with AI in their jobs. What's missing is training on how to integrate AI as a new team member. Udacity is taking the lead here with the launch of Agentic AI Fluency course, an online training program targeting non-technical workers who learn how to adapt workflows with AI and understand the power of collaborating with AI agents to enhance both productivity and creativity. In addition to being AI fluent, workers need to understand how to collaborate with AI and decide which tasks suit AI versus humans, while questioning AI's assumptions, assessing the accuracy of AI solutions, and spotting potential biases. Leadership As the Practice of Role Modeling AI Experimentation The reality of working side by side with AI is here. Deloitte predicts that by 2027, 50% of organizations will deploy generative AI where humans work alongside AI agents. Leaders must go beyond setting mandates for being an AI first organization to role modeling an AI mindset for their teams. This starts with being vulnerable and willing to experiment with AI, as Alex Laurs did in creating an AI agent to assist in a strategic initiative at EY, and as Matt Walter did with embedding AI in a training program to create a more personalized learning experience for sales representatives. For a growing number of companies, the message to workers is clear: be a student of AI, use AI to improve the quality of your work, and learn how to incorporate AI as a team member.

IPOs surge 35% in H1 despite policy shifts, market volatility: EY
IPOs surge 35% in H1 despite policy shifts, market volatility: EY

Yahoo

time16 hours ago

  • Business
  • Yahoo

IPOs surge 35% in H1 despite policy shifts, market volatility: EY

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: The number of U.S. initial public offerings surged to 109 during the first half of 2025, increasing 35% compared with the same period last year despite stock market volatility and shifts in tariff and other policies, EY said. Although the number of IPOs is the biggest first-half tally since 2021, proceeds from offerings fell to $17.1 billion, or 9% less than the same period last year, EY said in a report. The IPO outlook worldwide 'remains cautiously optimistic,' with a solid pipeline for large offerings and a steady stream of smaller deals, EY said. Still, 'a broad-based resurgence in global IPO activity depends critically on cooperative trade frameworks, accommodative monetary policy, controlled inflation and geopolitical de-escalation.' Dive Insight: Unusually high policy uncertainty roiled the stock market during the first six months of the year, EY said, noting that the CBOE Volatility Index careened between 14.8 and 52.3, a gap five times wider than during the same period in 2024. The so-called VIX measures expected volatility in the Standard & Poor's 500 stock index. 'Fueled by uncertain U.S. trade policy and ongoing geopolitical tensions in Eastern Europe and the Middle East, this heightened volatility is compelling companies to reimagine their exit strategies, stay private longer or pursue listings with smaller float sizes,' EY said. Shifts to trade, regulation, immigration and fiscal policies by the Trump administration have prompted Federal Reserve policymakers to hold off on trimming borrowing costs until they can determine the impact of such changes to inflation, employment and financial markets. 'Market volatility serves as a critical barometer for IPO activity,' signalling investor expectations for future price movements and influencing 'sentiment, valuation multiples and public market receptivity to new offerings,' EY said. Higher volatility usually indicates risk aversion and poses a challenge for IPO candidates. Yet global capital markets this year are apparently adapting to political and geopolitical shocks, improving the outlook for IPOs, EY said. 'Trade tariffs, regional conflicts and macro-policy uncertainty — once primary triggers for volatility — are increasingly being priced into asset valuations, with investors and companies adjusting to what many now regard as a 'new normal,'' according to EY. After turbulence during the first six months of 2025, equity markets have regained ground, the VIX and other 'fear indexes' have stabilized and companies launching IPOs are diversifying to markets with deep pools of capital such as Hong Kong, EY said. IPO activity in the U.S., Canada and Latin America quickened late in the second quarter as concerns about tariffs and economic vulnerabilities eased, EY said. U.S. IPOs in the period rose 20% on average during the first day of trading, and offerings that raised $50 million or more in gross proceeds returned 40% through the end of Q2, EY said. Five of the 10 largest IPOs occurred during June, Rachel Gerring, EY Americas IPO leader, said. 'This suggests that IPO aspirants are proactively preparing and becoming increasingly agile, seizing market opportunities as they arise,' she said in a statement. 'With this renewed momentum, we remain optimistic about the remainder of 2025, assuming broader economic indicators remain stable,' Gerring said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

CA Vishnu Gupta & CA Prakhar Gupta launches book titled ‘How the Wealthy Borrow to Win'
CA Vishnu Gupta & CA Prakhar Gupta launches book titled ‘How the Wealthy Borrow to Win'

Time of India

timea day ago

  • Business
  • Time of India

CA Vishnu Gupta & CA Prakhar Gupta launches book titled ‘How the Wealthy Borrow to Win'

CA Vishnu Gupta and CA Prakhar Gupta launched their debut book, How the Wealthy Borrow to Win , amidst an audience of 400+ business owners, CAs, and dignitaries. The evening opened with the ceremonial unveiling, followed by a keynote where the authors decoded the strategies wealthy entrepreneurs use to raise capital confidently — turning debt into a growth lever, not a distress move. The event drew guests not only from Indore, but also from Mumbai, Delhi, Chandigarh, Assam, Bangalore, Puducherry, Chennai, Hyderabad, Pune, Jabalpur, Bhopal, Raipur, Surat, Gurugram, Jaipur, and even from abroad. CA Vishnu Gupta, a veteran of 30+ years in funding, has guided some of Central India's most iconic business journeys with his strategic clarity, ethical foundations, and mastery of banking systems. From conducting high-impact audits to enabling multi-crore corporate funding, his voice carries rare credibility. At the launch event, he shared, 'Funding is not about documents. It's about clarity, timing, and trust. ' CA Prakhar Gupta, at a mere age of 25, brings fresh energy and insight. An All India Ranker in CA, IIM Indore Executive alumnus and former EY associate, he represents a new lens of financial strategy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo 'Borrowing isn't risky. Borrowing without structure is,' he said. With sharp articulation and grounded empathy, he now leads VSP Consultants' mission to help 10,000 businesses unlock capital — with confidence. The book launch also featured keynote addresses from the Chief Guests: Suresh Prabhu, India's former Union Minister across railways, power, commerce and civil aviation — a statesman respected globally for his clarity and vision — and Vinod Agrawal, managing director, Agrawal Coal Corporation, and a stalwart industrialist. How the Wealthy Borrow to Win is a practical guide for entrepreneurs who want to design debt with foresight. It simplifies lender logic, breaks common myths, and introduces structured thinking around capital. With case studies, checklists, and mental models, it equips ambitious founders to raise funds smartly, ethically, and effectively. The book has already been endorsed by business and financial luminaries including Dilip Suryavanshi, Dilip Buildcon, Manoharlalji Agrawal, Haldiram's, Padma Shri CA T.N. Manoharan, and Brij Mohan Sharma, ex-Executive Director, Canara Bank. The evening concluded with a heartfelt vote of thanks, where the authors acknowledged their mentors, clients, team, and families — and invited India's entrepreneurs to see finance not just as numbers, but as a mindset shift.

India's IPO Market Among World's Most-Active: Report
India's IPO Market Among World's Most-Active: Report

News18

time2 days ago

  • Business
  • News18

India's IPO Market Among World's Most-Active: Report

India's IPO valuations remain elevated, with a price-to-earnings ratio of around 27x—on par with US markets India remains one of the most active IPO markets globally by number of listings. However, continues to trail the US and China in total capital raised, according to EY's latest Global IPO Trends report. In the first half of 2025, Indian markets saw 108 IPOs raise $4.6 billion—accounting for just 8% of global IPO proceeds, compared to 28% for the US and 34% for China. While fundraising dipped marginally by 2% year-on-year, the number of IPOs declined 30%, indicating a strategic shift toward fewer but higher-quality listings. The EY report notes that issuers are becoming more selective about timing and structure, while investors are prioritising companies with strong fundamentals and clear growth visibility. The subdued activity comes against a backdrop of global uncertainty, with many firms delaying IPO plans or revising valuations amid geopolitical and macroeconomic volatility. Despite the cautious tone, the second half of the year could witness a pickup, supported by a strong pipeline from sectors like technology, fintech, and healthcare. Several companies have already secured regulatory approvals and are on standby, awaiting more favourable market conditions. Globally, the IPO landscape has been mixed. The US recorded 109 IPOs—the highest first-half tally since the 2021 boom—but raised comparatively lower funds. China saw a 30% jump in deal activity, with proceeds tripling due to larger offerings and robust investor interest. EY outlines two divergent scenarios for the rest of 2025. In one, easing global headwinds could boost IPO momentum. In the other, persistent macroeconomic stress could keep both issuers and investors in wait-and-watch mode, slowing down activity and tempering valuations. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Republican tax law leaves experts searching for words
Republican tax law leaves experts searching for words

Politico

time2 days ago

  • Business
  • Politico

Republican tax law leaves experts searching for words

At the same time, it remains to be seen whether Republicans' decision to dub their new savings accounts for children 'Trump accounts' will prove a marketing misstep that will blunt its appeal to the 75 million Americans who voted for Kamala Harris. The overall legislation was christened by Trump, but the 'One Big Beautiful Bill Act' was scrubbed from the legislation once it got to the Senate, after Democratic leader Chuck Schumer had it struck as a violation of the chamber's internal rules — the latest shot in a long-running feud in which the two parties take turns deleting the names of each other's reconciliation bills. 'I just forced Republicans to delete their ridiculous bill name,' Schumer wrote shortly thereafter on X. 'Nothing about this bill is beautiful.' Technically the legislation is now called 'An act to provide for reconciliation pursuant to title II of H. Con. Res. 14.' Of course, that isn't stopping many from still using the now-unofficial name. 'One Big Beautiful Bill Act' was the winner in a recent EY survey of 10,000 tax pros asking how they referred to the tax law. 'OB3" came in a close second. A similar survey by Grant Thornton also had those names going one-two. Over at the Tax Policy Center, senior fellow Howard Gleckman prefers the colloquial '2025 budget act' or, simply, 'the big budget bill.' The studiously nonpartisan Congressional Budget Office, meanwhile, uses the extremely neutral 'H.R. 1.' Some of the individual provisions have been renamed to reflect substantive changes made by the legislation. 'GILTI' was made obsolete by Senate Republicans' revisions to how multinationals will be taxed. The original tax was intended to target profits from things like patents that businesses squirreled away in tax havens. Republicans had trouble coming up with a way of legally defining those earnings, so in the 2017 law they essentially said GILTI was everything except profits resulting from tangible assets like factories. The idea was to distinguish between the money companies made from their actual operations abroad from things that were just accounting maneuvers. Naturally, the tangible stuff got its own acronym — QBAI, or Qualified Business Asset Investment. But the new law dumps QBAI, and so the distinction made by GILTI no longer matters, leaving the tax world with 'Net CFC Tested Income.' Something similar is happening with FDII, or Foreign Derived Intangible Income, another provision that originated in 2017. It's a deduction for companies with overseas profits from intellectual property held in the U.S. — although it's probably best known for inspiring a years-long dispute about whether it should be called 'Fiddy' or 'F-D-I-I.' QBAI was part of the calculations that went into FDII, so, with QBAI now going away, FDII is also renamed in the new law, as the Foreign Derived Deduction Eligible Income, or FDDEI. But if anything, it's even less clear how to shorthand that. Warren Payne, a former Republican tax aide now at the firm Mayer Brown, says he's heard it called 'Fa-Day' — though he's not going there. 'I haven't figured out how to pronounce it,' he said. 'I just spell it out.'

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