GenAI Revolution: Asia’s Top Companies Embrace Tech Upgrade for Worker Retention Boost

In a strategic move set to redefine the corporate landscape, approximately 60% of Asia’s leading companies have unveiled plans to embark on a comprehensive technology upgrade initiative starting in 2025. The decision, driven by the pursuit of increasing worker retention, aims to provide personalized work experiences and foster enhanced collaboration within organizations.

Generative AI at the Forefront of Organizational Advancement

This forward-looking approach coincides with the emergence of Generative AI (GenAI) as a pivotal force in organizational advancement. A recent report from the International Data Corporation (IDC) identifies GenAI as a game-changer across three critical fronts: Intelligent Document Processing (IDP), Generative Automation, and Knowledge Sharing.

The IDC report predicts that businesses intertwining GenAI with smart document handling will discover 20% more ways to leverage its capabilities by 2026. This is expected to result in a substantial boost in productivity, scalability, and an overall improvement in customer experiences.

Code Generation Copilots Transform Job Streamlining

Further highlighting the transformative power of GenAI, business teams have successfully employed code generation copilots to achieve an impressive 70% success rate in streamlining jobs through task and workflow automation. This innovative approach is set to replace traditional low-code and IT-supported development methods by 2024.

GenAI Tools: Doubling Productivity and Driving Sustainable Growth

Looking ahead to 2025, GenAI tools are poised to enable senior leaders to double the productive use of unstructured data. This groundbreaking utilization is expected to uncover untapped insights and knowledge, driving a 20% growth in sustainable business benefits.

Dr. Lily Phan, Research Director, Future of Work at IDC Asia/Pacific, emphasizes the necessity and strategic imperative of skill development in the wake of GenAI’s transformative capabilities. Simultaneously, the reimagination of workplaces, including digital twins and sustainability, stands out as key focus areas for companies navigating this paradigm shift.

Future Job Landscape and Productivity Gains

The report foresees a substantial evolution in the job landscape, with 40% of current roles being redefined or eliminated across organizations by 2027, accelerated by the widespread adoption of GenAI. Enterprises are expected to leverage personalized technology skills development to drive an impressive $1 trillion in productivity gains by 2027, facilitated by the integration of GenAI and automation at every level.

As the corporate world eagerly embraces these technological advancements, the trajectory of Asia’s top companies is set to be defined by innovation, collaboration, and a commitment to fostering a dynamic and responsive work environment. The fusion of GenAI and strategic technology upgrades is poised to usher in a new era of productivity, sustainability, and unparalleled growth in the Asian business landscape.