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The Work Ahead is a research series providing insight and guidance on how
organizations are evolving to the next stage of their digital journey. In this report, we
explore how C-level executives around the world are using artificial intelligence to
power business success, and provide guidance on using this powerful technology to
ensure a successful future for the future of work.
TheTrueMeaning
of AI:Action & Insight
The Work Ahead
Executive Summary
Science fiction has conditioned us to think of artificial
intelligence (AI) as an anthropomorphic super-being,
intent on wiping out our jobs (or, gulp, us). But a post-
Singularity future with super AI-based “Terminators”
running amok is a mirage.1
AI is, more accurately, a
tool – an incredibly powerful tool – with the potential to
take organizations and individuals to new thresholds of
performance in whatever activity they’re engaged.
2The True Meaning of AI: Action & Insight
The Work Ahead
Because AI has diffused into so many aspects of
our lives and work so seamlessly, it is easy – as the
proverbial frogs in boiling water – to overlook how
significant it will be for the rest of our working lives.
In our new Work Ahead research series, however,
executives appear to grasp that something big is
going on. When asked to rank the importance of a
wide variety of technologies and trends to the future
of their work over the next three years, respondents
rated AI as second only to hyperconnectivity. And, as
a consequence, a very large portion of businesses
– 70% – are implementing and trialing AI in some
form or other, within their businesses right now. (See
Methodology, page 23, for full details on the Work
Ahead research series.)
While AI ultimately offers incredible utility, its benefits
can be challenging to achieve, and ROI doesn’t happen
overnight. To make it a game-changer and generate
value, businesses must have the right data, strategy,
applications, skills and use cases, and they must focus
on real business objectives and problems to solve.
Other hurdles include managing risks and ethics, and
embedding AI into day-to-day workflows so people
can work together with these new tools, intimately,
iteratively and inextricably. All of these challenges are
non-trivial. In sum, they present the work ahead.
3The True Meaning of AI: Action & Insight
The Work Ahead
Five key themes have emerged from our research
and analysis:
1	AI is central to the future of work. AI is
now accepted as an essential tool for modern
enterprises, with respondents naming AI as a
top driver for the future of work. The future of
business will be based on AI-driven systems that
continuously model, simulate and recommend the
“next best action.” Cognitive technologies are also
coming into their own to deal with the mountains
of data that process work generates. AI will be
deployed to strip out costs, speed decision cycles
and open up new horizons for innovation and
disruption.
2	Realism and recognition now surround what
AI can do. AI is arguably the most difficult of the
digital technologies to master, but it’s also the most
rewarding and – according to our recent study –
the most indicative of digital maturity.2
While the
percentage of respondents citing AI as impacting
the future of work declined this year vs. in 2016,
we believe this is because of businesses’ more
measured, nuanced approach to AI technologies.
The more that companies absorb AI into their
business processes,the less they see it as something
magical, and more as a new means to an end.
3	It’s the data, stupid. AI is playing a critical role
in enabling businesses to churn through data at
“beyond-human” scales and levels of precision.
Preparing data for AI-driven analysis is a task
increasingly being taken on by intelligent systems.
Currently, 17% of the work involved with sifting
large data sets is done by machines vs. humans,
and this is forecast to rise to 25% by 2023,
according to our study. The ratio between the
volumes of work performed by humans as opposed
to machines continues to turn in favor of machines.
4	AI changes work, process by process. A
substantive majority of companies (70%) have
piloted or implemented AI across a growing range
of activities; in areas such as fraud detection and
supplier management, AI is becoming a common
approach. Respondents augmenting their business
processes with AI expect to realize 11% increases in
operational efficiency this year and 17% by 2023.
5	Businesses that focus on AI ethics tend to
also have a greater sense of purpose. Those
organizations that emphasize ethics in the use of
AI also prioritize ethical approaches to managing
their workforce post-COVID. These businesses
are also more attuned to workforce safety, pay
and conditions, and more likely to provide higher
rewards for “gig” based work. A focus on AI ethics
indicates an organization operating with purpose.
4The True Meaning of AI: Action & Insight
The Work Ahead
AI is now core curriculum
When we asked executives to name which forces would
have the strongest impact on their organizations’ work
by 2023, AI comes in just behind the hyperconnectivity of
billions of people, machines and devices.
5The True Meaning of AI: Action & Insight
The Work Ahead
In 2016, a slightly higher percent of respondents (51%) cited
AI as having a strong impact than in our current study
(43%) (see Figure 1). Have the last several years dulled the
“automagical” shine of AI that gleamed from scores of TED
Talks from not-so-long-ago? Perhaps, but we believe the change
in sentiment is more indicative of businesses’ realization that
AI is not a “magic wand” but more akin to a “Hemi” engine: an
extremely powerful component of a machine that in the hands
of amateurs is nothing more than an inert lump of metal
but in skilled hands, can transform a car into a race winner.
The more that companies absorb AI into their business
processes – in the way that Amazon, Netflix, Microsoft and a
whole host of other leading companies have done – the less
they see it as anything out of the ordinary. It becomes, instead,
the primary means to strip out cost, speed decisions and open
entirely new competitive vistas.
Hyperconnectivity of billions of people,
machines and devices
Artificial intelligence
Outsourcing of internal work
Business analytics
Software for process automation
Concerns about security and privacy
Physical work automation
Digital regulation
Issues around trust and ethics
Cloud delivery of services
The “platform economy”
Current study
2016 study
47%
39%
43%
51%
52%
41%
41%
40%
37%
40%
48%
39%
38%
37%
33%
35%
22%
34%
52%
46%
34%
32%
Response base: 4,000 (current study); 2,000 (2016 study)
Source: Cognizant Center for the Future of Work
Figure 1
AI takes a leading role
Respondents were asked to rate the impact of the following forces on work by 2023.
(Percent of respondents saying high impact)
6The True Meaning of AI: Action & Insight
The Work Ahead
Rather than seeing AI as something done in a secret lab by
an elevated brain trust, more companies are turning to the
technology to do very practical things – things that otherwise
would take forever to do (or just wouldn’t get done). This
includes activities like accelerating underwriting processes,
reducing fraud risk or increasing patient adherence to a
medication regime. AI is now seen as a set of technologies
that do the heavy lifting for organizations to meaningfully
consume – and act on – vast volumes of continuously growing
and always changing data. It’s a way for us to work and see
meaning at a scale that’s bigger than ourselves.
Those who rate business analytics as a key driver for the future
of work (41% in our study) are likely to get a further boost
from applying AI technologies, as will those who cite process
automation (40%); after all, why simply “automate” processes
when you can optimize them and glean deeper meaning at the
same time using AI?
Realizing AI-driven outcomes like these will remain a core
curriculum as we reconstruct more modern businesses post-
COVID, and attempt to “build back better.” (See Quick Take for
how we define AI in this study.)
Quick Take No killer robots in sight
Because many businesses have different views of what AI actually is, our study offered a
definitional range that encompasses the business uses of AI, including machine learning
(ML) and cognitive/deep learning (e.g., predictive maintenance, recommendation engines).
We’ve also found it helpful to categorize AI into three subsets:
	❙ Narrow AI (ANI), aka “applied AI” or “weak AI,” focuses around a particular task like
navigating traffic, reviewing medical charts or optimizing stock trading. DeepMind’s
AlphaGo, which thrashed professional Go master Lee Sedol, also falls into this category.3
	❙ General AI (AGI), aka “strong AI,” is the use of machine intelligence that matches human
abilities to learn entire processes, such as every task involved with walking into a kitchen
to brew a cup of coffee. While such processes are simple enough for most humans to do
even in an unfamiliar kitchen, machines have yet to reach this level of sophistication in
learning (but the cutting-edge capabilities of GPT-3 appear to come close to AGI).4
	❙ Super AI is the theoretical outcome of AGI, with unlimited computing power. This is
the AI that some worry would quickly overtake human capability and reach levels of
intelligence we can’t even comprehend.
While General AI and Super AI continue to tantalize imaginations, ANI is the type of
AI leading to most of the technological and business breakthroughs today and what
we describe in this study. Our references to AI in this report focus on that subset of the
technology, and align with Cognizant’s Evolutionary AI™ approach to improve decision-
making and drive impactful business outcomes.5
7The True Meaning of AI: Action & Insight
The Work Ahead
Data mastery: beyond human scale
Many aspects of data management – from organizing
and preparing it for AI analytics, to using it for insights –
are increasingly beyond human capability.
8The True Meaning of AI: Action & Insight
The Work Ahead
As Figure 2 shows, the ratio between the volume of work
performed by humans as opposed to machines continues to
turn in favor of machines, particularly when it comes to data
organization, complex decision support and rules-based
decision making.
Consider that today, the main types of data integrated into
AI applications are Internet of Things (IoT), customer and
internal data. In many cases, this is simply because of the sheer
volume of accessible data generated by sensors and customer
interactions. But other forms of data are where the most
extraordinary insights often lie, particularly when multiple forms
of data are combined.
This means getting past the reports and spreadsheets and
bringing in data that’s not always structured and formatted
and not always owned by the business itself, including publicly
available drone and camera images or social media sentiment,
as well as geolocation and psychographic data. It also means
combining this data in new ways, such as taking video from
street cameras and merging it with traffic data and local tweets
to ascertain the business revenue of a particular geography or
even what people are buying in that area.
Sifting large data sets to filter and
identify errors or actionable items
Feedback, assessment and process improvement
Collection, curation and management of data
Execution of complex decisions
Mining and analysis of data to diagnose
problems, make predictions, recommendations
Physical actions to implement decisions
Evaluation of options/
recommendations to make decisions
Execution of routine, rules-based
decisions based on data inputs
Today
2023
17%
16%
16%
16%
16%
16%
15%
15%
26%
23%
24%
24%
23%
22%
23%
23%
Response base: 4,000
Source: Cognizant Center for the Future of Work
Figure 2
More work pivots to machines as process data explodes
Respondents were asked to what extent the following activities are executed by machines vs. employees, now and in 2023.
(Percent of work that is or will be conducted by machines)
9The True Meaning of AI: Action & Insight
The Work Ahead
Imagine pulling insights from millions of customer interactions
with geolocation or psychographic data and making accurate,
ongoing predictions regarding consumer needs and desires.
What if you could add human insights into the results (warmth,
empathy, creativity), with the ability to craft engaging, insight-
driven customer journeys that work at scale?
Retailers, for example, could create immersive product catalogs
with a “virtual try before you buy” feature; educators could
offer personalized and effective learning paths for any subject;
doctors could spot opioid addiction or a patient’s withdrawal
from the physical world. The possibilities for work are endless.
This shift is not science fiction; it is happening now, and is
generating achievable outcomes across a host of processes
and industries.
Data really is the new oil
The key question is whether your business and current
technology infrastructure can handle this deluge of data.
Volumes will only increase, especially with a second wave of IoT
solutions coming online, and the advent of 5G set to transform
these solutions with greater bandwidth and lower latency. IoT
sensors embedded into products would enable better user
experiences, or give process owners the ability to monitor
assets virtually, continually adjusting them for peak performance
and applying data insights from third-party sources. Is your
workforce ready for the advent of these new technologies? How
will you cope with the deluge of data? This is why the use of
machines is on the rise.
In our study, it’s clear businesses recognize that handling
today’s data volumes cannot be done by human workers alone.
Businesses need help organizing their data more effectively,
using machine learning software targeted at databases to
cleanse and organize data so it can be of business value.
According to respondents, machines will perform a greater
portion of this task, from 17% of this work today to 26% by 2023.
The second and third areas where the transition toward
machines is set to accelerate are both encompassed by the
function of decision support.“Execution of complex decisions”
and “execution of routine, rules-based decisions” are both areas
in which respondents expect to see a significant transition
toward machines in the next three years (from 16% to 24%
and from 15% to 23%, respectively). Executives are increasingly
turning to AI to process large data sets (just as most stock
trading is now commonly undertaken by machines, complex
decision making will be done more quickly and effectively by
machines). As this shift occurs, businesses will need to more
fully consider the best ways for machines and human workers to
partner together.
Machines will perform a greater
portion of data management tasks,
from 17% of this work today to
26% by 2023.
26%by 2023
10The True Meaning of AI: Action & Insight
The Work Ahead
Forging a modern business, process by process
We asked respondents to select one business process in
their organization where technology has had a material
impact on augmenting (i.e., improving) process outputs,
and then to say which technology tools were used.
11The True Meaning of AI: Action & Insight
As can be seen in Figure 3, AI has been implemented to some
degree by almost three-quarters of study respondents, with 8%
reporting widespread implementation, 30% some degree of
implementation, and another 32% with pilots underway.
The focus on IoT, analytics, blockchain and chatbots reveals the
integral role AI will play in the future of process work as a tool to
handle ever more detail. For example, IoT will trigger more data-
oriented technology investments as intelligent sensors generate
growing amounts of data and are used to control physical
systems. This will create a “flywheel” effect, with an explosion of
data needing to be organized and sifted for meaning at scale.
While 5G is still at an early stage of adoption – only 9% of
respondents have a 5G pilot underway – over time the “mesh
of machines” created by IoT and 5G will serve as the foundation
for new levels of functionality and possibility that require AI to
handle the data. Future employees will be able to pull insights
from millions of customer interactions in the physical and virtual
worlds, and use machine learning and AI to make ongoing and
accurate predictions concerning consumer needs and desires.
Data analytics
AI
IoT
Process automation
Blockchain
Chatbots
AR/VR
Robots
5G
Autonomous or self-driving vehicles,
drones, telematics
3-D printing
Widespread Some implemented Some pilots
implementation projects underway
5%
5%
8%
16%
8%
30%
30%
26%
21%
11%
14%
4%
4%
3%
2%
36%
32%
25%
29%
30%
17%
20%
12%
9%
6%
4%
Response base: 4,000
Source: Cognizant Center for the Future of Work
Figure 3
AI is the mechanism to handle the explosion of process data
Respondents were asked about the progress made in using each technology to augment business processes.
(Percent of respondents naming each implementation phase)
The Work Ahead
12The True Meaning of AI: Action & Insight
Outcomes move beyond cost
and efficiency
When AI is applied to a specific business process,the underlying
knowledge assets within that process have the potential to
become smarter and be used (and reused) in productive ways.
Our respondents are bullish on unlocking new operational
efficiency thresholds with AI (see Figure 4). While they’re
already realizing an 11% increase in operational efficiency today,
they expect that to increase to 17% by 2023.
Imagine what this speed and efficiency could mean in your own
business context. What if an insurer could process claims 10
times faster than its competitors? Or if a bank could evaluate
and approve a loan while the customer was still admiring the car
in the showroom? By injecting AI into back-, middle- and front-
office processes, companies can accelerate their operational
speed and their ability to derive real-time insight into all aspects
of their operations in material ways.
Operational efficiency
Decision making
Customer experience
Risk management, security
and regulatory compliance
Operational effectiveness
Employee experience
Organizational agility
Brand reputation
Sales
Innovation
Sustainability
Today
2023
11%
11%
8%
8%
8%
7%
7%
7%
7%
6%
6%
17%
17%
15%
13%
14%
13%
13%
13%
13%
12%
10%
Response base: 4,000
Source: Cognizant Center for the Future of Work
Figure 4
Top AI benefits: efficiency, decision making, customer experience
Respondents were asked about the progress they expect to make in the following areas with the application of AI.
(Mean percent increase today and in 2023)
The Work Ahead
13The True Meaning of AI: Action & Insight
The Work Ahead
Respondents are also betting on AI to improve decision-making
by 17% during the next three years by leveraging it for fast and
intelligent insights that create new business value. To stay ahead
of the curve, businesses should set a short-term target (the next
12 months) in which they aim to match their decision-making
speed to that of anticipated growth in data volumes.
Our respondents are also changing the basis of competition
from the outside, using AI to rewire customer-focused
processes and materially improve customer experience levels
by 2023. To get there, they are looking to eliminate friction
points such as long wait times on service calls, mortgage
loan applications, medical records management and travel
planning. Cognitive computing-based customer service will
soon become a make-or-break factor for succeeding in a fast-
paced, competitive business environment. By processing in
real-time the content of phone calls made to a call center, as well
as the caller’s underlying emotions through natural language
processing and sentiment analysis, cognitive systems can guide
chatbots and agents to de-escalate tense situations, resulting
in higher customer retention, lower agent turnover and the
insights to create a better customer experience.
Ultimately, our analysis shows businesses achieving a wide
variety of business goals using AI, including stronger risk and
security compliance and employee engagement. More mature
AI adopters are achieving even more growth-oriented benefits,
such as greater organizational agility, brand enhancement,
innovation and sales.
Your five-year plan: building
workflows that match smart people
with smart machines
To reap the benefits of AI, businesses need to build new
workflows that enable predictable, rote and repetitive activities
to be done by machines, while humans specialize in applying
judgment, creativity and empathy.
The executives interviewed for this report recognize this need
and what it means for their workforce.“We especially need
skilled people who are capable of running automated systems.
We will be hiring much more such talent in the future,” said
a CEO from a consumer goods company in Europe. A U.S.
healthcare COO remarked that “the coming five years will see
an increase in demand for AI, ethics and data governance, and
data science in multiple divisions across our business units.”
The growth in demand for such roles requires the workforce
to increase its range of skills to make themselves relevant
to where the market is clearly going. Big data specialists,
process automation experts, security analysts, human-machine
interaction designers, robotics engineers and machine learning
experts will all be highly valued for the foreseeable future.
How well organizations blend and extend the strengths of
their people with the capabilities of intelligent machines
will determine their digital maturity and their success in
fundamentally changing – and improving – how work gets
done. Organizations will need to rethink their workforce
resourcing model by applying AI to specific processes,
separating out tasks and activities from within jobs as they are
currently configured, and parsing them anew between people
and machines.
The result will likely mean more gig work and micro-
outsourcing of tasks as work becomes more specialized.
Success for many organizations will depend on how they blend
and extend the strengths of people with the capabilities of
machines. Management will need to be focused on explaining
this objective in a way that takes people along on the journey;
preparing the workforce for the profound changes in how they
work is an important element of living up to the mantra of being
an organization of purpose, and of being clearly regarded in
talent markets as an employer of choice. (For more on this topic,
see Quick Take, page 15).
To reap the benefits of AI, businesses
need to build new workflows that
enable predictable, rote and repetitive
activities to be done by machines,while
humans specialize in applying
judgment, creativity and empathy.
14The True Meaning of AI: Action & Insight
Quick Take How to match people with machines
Succeeding with AI requires an acute focus on the relationship between humans and
machines, how the two will collaborate, and how the current workforce and the business
will adapt to AI. We offer a framework to help organizations build workflows to match
smart people with smart machines by aligning five elements (5Ts) – tasks, teams, talent,
technology and trust – to transition into the new machine age successfully. At the heart
of this framework are business processes that need restructuring and reengineering to
support human-machine collaboration:
	❙ Tasks: deconstruct jobs into tasks. Companies will need to identify which tasks within
any given job are best performed by humans vs. machines to achieve an optimal balance
of human-machine collaboration. In most cases, portions of a job will be impacted or
replaced by a bot, while other portions will be untouched or even enhanced.
	❙ Talent: fuse human and technical skills. People skills will need to be tweaked for
optimal human-machine collaboration. Workers will need to think in terms of the
systems, tools and processes required to make the best use of AI-driven insights and
capabilities.
	❙ Technology: IT matters more than ever. Whether your organization is recreating
a business process from scratch or injecting AI into front-, middle- or back-office
processes, success will depend on how well the IT infrastructure is integrated with
AI systems. The IT infrastructure needs to become agile, responsive, flexible, secure,
scalable and simple to manage the transition.
	❙ Teams: small, flexible and fluid. We will witness a shift from larger hierarchical team
structures to smaller teams in the future. These changes will allow individuals and teams
to become more fluid and flexible across roles and functions. Businesses will require new
roles, such as human-machine teaming managers, to identify tasks, processes, systems
and experiences to be upgraded by newly available technologies, as well as imagine new
approaches, skills, interactions and constructs.
	❙ Trust: instilling trust in machines. From unexpected or biased results to dangerous
errors, we now face the moral dilemma of determining who’s responsible for any
wrongdoing by an AI-driven machine. Businesses will need to increase transparency into
AI mechanisms and decisions.
(For more on this topic, see our full report “Humans + Intelligent Machines: Mastering the
Future of Work Economy in Asia Pacific.”6
The Work Ahead
15The True Meaning of AI: Action & Insight
The Work Ahead
Why AI ethics matter
As AI is used to generate more powerful business
outcomes, the responsibility grows to meet ever-higher
standards in its use, particularly regarding accountability,
the potential for bias and permitted data use.
16The True Meaning of AI: Action & Insight
The Work Ahead
As has been frequently noted, one downside of machine
learning systems is that they can entrench existing bias in
decision-making systems.7
Progress with these tools requires
trust from both customers and employees that the right course
of action is being taken.
In our analysis, organizations that prioritize AI ethics positively
outscore those that don’t on every single marker of employee
well-being in our study, from employee safety to pay. We
identified a “leader” cut of respondents, representing 14% of
the respondent base, who believe that both AI and issues
around trust and ethics will have a strong impact on the world
of work over the next three years (for the full methodology, see
page 23). We found that these leaders are the most likely to treat
their workforce better and see employees not as a mere labor
resource but for the value they bring to the organization (see
Figure 5 and 6, next page).
When asked to predict how the pandemic would impact their
business and workforce over time, these leaders pointed
to employee safety and job recognition as top factors. This
cohort also expects to prioritize workforce safety (62% vs.
56% for non-leaders), and to value and pay their front-line
workers more (64% vs. 57%). Over the medium term, COVID
will force enterprises with an ethical mission to ask more
strategic questions about undertaking fundamental aspects of
these goals; in doing so, they will move further ahead in their
competitive battles.
The notions of “business purpose” and the ethical use of AI, it
should be noted, are frequently subject to critique from those
who believe many organizations simply pay “lip service” to
these ideas while doing very little to act on any other objective
than improving the bottom line. This criticism notwithstanding,
businesses do need to take purpose and ethics more seriously
than ever before for one primary reason: the next generation of
talent (the fabled digital natives) demands it.
To appeal to younger generations of workers, businesses will
need to make issues like diversity, inclusion, stakeholders, the
environment, etc., central to their strategy. While it would be easy
for leaders accustomed to prioritizing shareholder needs over
those of employees to be cynical about this change, it would
also be a serious mistake. The new agenda at the heart of the
future of work requires businesses to step forward and lead
a generation that wants change. AI talent – perhaps the most
valuable talent on earth – will increasingly choose organizations
that live up to ideals that are no longer idealistic but are the new
standard operating procedure.
Organizations that prioritize AI ethics outscore those that don’t on every
marker of employee well-being and workplace resilience in our study.
57%of AI ethics leaders will increase
supply chain resilience
vs.
49%of all other respondents
64%of AI ethics leaders will increase
pay for essential workers
vs.
57%of all other respondents
17The True Meaning of AI: Action & Insight
The Work Ahead
Redesign workplace for social distancing
Redesign supply chain for resilience
Pandemic will destroy
traditional, non-digital business
Streamline our estate
Less personal and
social interaction with customers
Re-shore outsourced activities
Redesign operating model for tighter borders
Rely on digital channels to deliver to customers
Value and pay essential workers more
More flexible teams, less functional departments
Pay more attention to workforce safety
Pandemic has accelerated
digital working practices
Provide greater social
protections for freelancers
Harder to collaborate across
teams and departments
Reassess performance indicators
Cut pay of highly paid executives
Expect Universal Basic Income by 2023
Will introduce HR policies for remote working
Workforce working more at home
Responsible AI implementers
All other respondents
62%
56%
57%
49%
56%
48%
53%
41%
51%
46%
51%
41%
49%
41%
44%
36%
57%
64%
48%
63%
59%
62%
51%
56%
44%
53%
41%
52%
42%
51%
42%
50%
42%
47%
40%
45%
26%
33%
Response base: 4,000 total respondents; 575 “responsible AI implementers”
Source: Cognizant Center for the Future of Work
Figures 5 and 6
Organizations that ethically deploy AI score higher on all aspects of
workplace and workforce strategy measures
Respondents were asked whether they agree with the following statements about the likely impact of the pandemic on the business and
workforce. (Percent of respondents who said they agree or strongly agree)
18The True Meaning of AI: Action & Insight
The Work Ahead
The future of work pivots on AI
In the years since the term “digital business” first
emerged, so has our understanding of digital maturity.
19The True Meaning of AI: Action & Insight
Deep learning is proving incredibly valuable as AI adoption expands,
as it provides businesses with the ability to find meaning in diverse
sets of unstructured data. But among all the AI-related technologies
currently being developed, natural language processing stands out as
having perhaps the highest potential.
The Work Ahead
In the first waves of digitization, it was enough to have a data
warehouse or two, or even a data lake. Now, with data gushing
out of every connected device, companies have access to
entirely new categories of more meaningful data – unstructured
data, IoT data, images, social data – which makes the challenge
of finding needles in haystacks even more daunting. The wild
success of Snowflake’s recent IPO is evidence enough, if it were
needed, that solving this challenge can be hugely profitable.8
To address this issue, AI leaders in our recent study on the
ROI of AI are spending on advanced AI technologies, such as
machine learning, deep learning, computer vision and natural
language processing.9
In contrast, non-leaders are more
focused on basic AI technologies, such as data management,
digital assistants and robotic process automation. Deep
learning is proving incredibly valuable as AI adoption expands,
as it provides businesses with the ability to find meaning in
diverse sets of unstructured data. But among all the AI-related
technologies currently being developed, natural language
processing stands out as having perhaps the highest potential.10
Over the last few years, the advances in voice recognition
have been profound, whether to capture different accents and
languages or to build capabilities into more devices. The most
recent example of this is Generative Pre-trained Transformer
3 (GPT-3), released from the non-profit OpenAI research
laboratory, established by Elon Musk. GPT-3 is described as
an autoregressive language model that uses deep learning to
produce human-like text. It has been trained on billons of words
of text and, over time, has figured out the underlying rules of
language and how to use them. The model generates written
text so human-like that it has led to speculation on the impact
of integrating it with agent coaching and real-time scripting
software from companies such as ASAAP and then further
integrating the result with the latest-gen “digital human” from
UneeQ.11
When a photo-realistic digital human can talk to a customer in
the customer’s dialect and language, and look at them with the
color eyes that they prefer (pre-selected during sign-up for the
service) and solve the customer’s issue quickly and painlessly,
then an entirely new threshold of performance will have been
reached. Systems that can learn and become smarter through
the collective intelligence of the network in the way that Tesla
cars are all upgraded at once and Waze collects real-time data
from all of its users to inform all of its users is a future that may
appear science fiction, but it’s fast becoming science fact.
20The True Meaning of AI: Action & Insight
The Work Ahead
Recommendations
In reviewing the AI-specific data from our Work Ahead
series, it becomes clear that organizations face a
pressing need to rethink the systems, processes and
skills required to compete in markets that are more
competitive than ever.
21The True Meaning of AI – Action & Insight
The Work Ahead
From the factory floor to the back office to the boardroom,
many of the tasks that people undertake today would be done
better through the application of AI and other systems of
intelligence.
In order to leverage AI in your work ahead, the following steps
are important to consider and act on:
Check your progress with AI by checking
the growth of data. To stay ahead of the
curve, businesses should set a target for
the next 12 months to match their decision-
making speed to that of anticipated growth
in data volumes. For instance, if you expect
a 30% annual growth in data over the next 12 months, then the
organization’s speed of making insights and applying AI needs
to accelerate by 30% during the same period. Anything less will
impact the speed of doing business in this fast-changing world.
Get your data right, and make it richer.
Ensuring your data is in good shape isn’t
enough; businesses also need to bring
in richer sets and types of data, such as
psychographic, geospatial and real-time
data – all of which have the potential to
drive higher AI-centric performance. Managing this data and
making it useful for interrogation and leverage by AI systems
is an important step on the road to digital maturity. Without
this unglamorous hard work, a lot of data will remain noise and
never reveal the signal buried within it.
Solve the human side of the equation.
AI is not just about technology – in fact, it
is more importantly about people. Critical
to leveraging the possibilities of AI is hiring
talent that can understand the technology
and business needs and create solutions,
not just build models. Organizations should deeply focus on
HR plans (hiring and retention) that prioritize securing the next
generation of talent; without it, it will be virtually impossible to
keep pace in markets that are being disrupted at light speed.
Be ready to kick off your own skills
renaissance. Every business now needs big
data specialists, process automation experts,
security analysts, human-machine interaction
designers, robotics engineers and machine-
learning experts. As a result, these skills aren’t
easy to acquire. In addition to having sophisticated hiring and
retention plans (see above), organizations need to work harder
to leverage the talent they already have. A root-and-branch
reform of upskilling and internal career progression is an
important element of the multi-factor HR strategy necessary to
succeed at this foundational task.
Adopt a culture of collaboration and
learning. Organizations need to spread the
mantra of data and AI across every aspect of
their operations – not just keep them caged
within the IT department. This “spreading
of the gospel” can start by establishing data
tribes with squads of data stewards, data engineers and data
modelers swarming around a specific challenge or customer
touchpoint. Executives across functions – not just in IT – should
institute a digital culture in which every employee is eager
to use and apply these new data services within their roles.
Rotating IT staff and non-IT staff between functions – IT and
non IT – is an important tactic that can easily be deployed.
Construct new workflows to reach new
performance thresholds. Organizations
should start by reshaping the jobs of today
into the jobs of the future by establishing
the trust needed to make human/machine
teaming a reality.12
The trick is preparing
your workforce for these profound changes in how they work.
Without this trust, many individuals and groups will see new
machines as a threat to their job security rather than a
protector of it.
22The True Meaning of AI: Action & Insight
The Work Ahead
Cognizant commissioned Oxford Economics to design and
conduct a study of 4,000 C-suite and senior executives.
The survey was conducted between June 2020 and August
2020 via computer-assisted telephone interviewing (CATI).
Approximately one-third of the questions were identical to those
asked in the 2016 Work Ahead study, allowing us to compare
responses and track shifting attitudes toward technology and
the future of work.
Respondents are from the U.S., Canada, UK, Ireland, France,
Germany, Switzerland, Benelux (Belgium, Luxemburg,
Netherlands), Nordics (Denmark, Finland, Norway, Sweden),
Singapore, Australia, Malaysia,Japan, China, Hong Kong, India,
Saudi Arabia and UAE. They represent 14 industries, evenly
distributed across banking, consumer goods, education,
healthcare (including both payers and providers), information
services, insurance, life sciences, manufacturing, media and
entertainment, oil and gas, retail, transportation and logistics,
travel and hospitality, and utilities.
All respondents come from organizations with over $250 million
in revenue; one-third are from organizations with between
$250 million and $499 million in revenue, one-third from
organizations with between $500 million and $999 million in
revenue, and one-third with $1 billion or more in revenue.
The AI ethical leader cut is a group of respondents who believe
that both AI and issues around trust and ethics will have a
strong impact on the world of work by 2023. Through our data
analysis, 575 respondents were identified as part of this cut,
which represents 14% of the 4,000 respondents. The group
consists of respondents from various markets, industries and
company sizes.
In addition to the quantitative survey, Oxford Economics also
conducted 30 in-depth interviews with executives, spread across
the countries and industries surveyed. Interviewees exhibited a
track record of using emerging technology to augment business
processes. The conversations covered the major themes in this
report, providing real-life case studies on the challenges faced
by businesses and the actions they are taking, at a time when
the coronavirus pandemic was spreading around the world
and companies were formulating their strategic responses. The
resulting insights offer a variety of perspectives on the changing
future of work.
Methodology
33% U.S.
Germany 6%
Switzerland 1% 1% Ireland
France 6%
UK 5%
Japan 4%
India 4%
China 4%
Australia 3%
Singapore 3%
Hong Kong 3%
Saudi Arabia 3%
8% Benelux
(Belgium, Luxemburg, Netherlands)
Canada 3%
7% Nordics
(Denmark, Finland, Norway, Sweden)
UAE 3%
Malaysia 3%
Respondents by geography Respondents by role
13%	 Vice President
13%	 Chief Operating Officer
13%	 Director reporting to senior executive
13%	 Senior Vice President
12%	President
12%	 Chief Executive Officer
12%	 Chief Financial Officer
12%	 Other C-suite Officer
23The True Meaning of AI: Action & Insight
The Work Ahead
Ben Pring
Vice President, Head of Thought Leadership and Managing Director,
Cognizant’s Center for the Future of Work
Ben Pring is the Head of Thought Leadership at Cognizant, and co-founded and leads Cognizant’s
Center for the Future of Work. He is a co-author of the best-selling and award-winning books What To
Do When Machines Do Everything (2017) and Code Halos; How the Digital Lives of People, Things,
and Organizations are Changing the Rules of Business (2014). His latest book, Monster: Taming the
Machines that Rule Our Lives,Jobs, and Future, will be out in March 2021.
Ben sits on the advisory board of the Labor and Work Life program at Harvard Law School. In 2018, he
was a Bilderberg Meeting participant.
Ben joined Cognizant in 2011 from Gartner, where he spent 15 years researching and advising on areas
such as cloud computing and global sourcing. In 2007, he won Gartner’s prestigious Thought Leader
Award. Prior to Gartner, Ben worked for a number of consulting companies, including Coopers and
Lybrand.
Ben’s expertise in helping clients see around corners, think the unthinkable and calculate the compound
annual growth rate of unintended consequences has made him an internationally recognized authority
on leading-edge technology and its intersection with business and society. His work has been featured
in The Wall Street Journal, Financial Times, The London Times, Forbes, Fortune, MIT Technology
Review, The Daily Telegraph, Quartz, Inc., Axios, The Australian and The Economic Times.
Based near Boston since 2000, Ben graduated with a degree in philosophy from Manchester University
in the UK, where he grew up.
Ben can be reached at Benjamin.Pring@cognizant.com
LinkedIn: linkedin.com/in/benpring/
Twitter: @BenjaminPring
Euan Davis
Associate Vice President,
Cognizant’s Center for the Future of Work, EMEA
Euan Davis leads Cognizant’s Center for the Future of Work in EMEA. A respected speaker and thinker,
Euan has guided many Fortune 500 companies into the future of work with his thought-provoking
research and advisory skills. Within Cognizant’s Center for the Future of Work, he helps ensure that the
unit’s original research and analysis jibes with emerging business-technology trends and dynamics in
Europe, and collaborates with a wide range of leading thinkers to understand how the future of work will
look. Previously, Euan held senior analyst, advisory and leadership positions
at Forrester Research, IDC and CEB.
Euan can be reached at Euan.Davis@cognizant.com
LinkedIn: linkedin.com/in/euandavis/
Twitter: @euandavis
About the authors
Acknowledgments The authors would like to thank Robert H. Brown, Manish Bahl and Desmond Dickerson from the
Cognizant Center for the Future of Work, as well as Bret Greenstein from Cognizant’s AI & Analytics
Practice, for their valued contributions to this report.
24The True Meaning of AI: Action & Insight
The Work Ahead
1	 Wikipedia entry on “Singularity” https://en.wikipedia.org/wiki/The_Singularity_Is_Near; Wikipedia entry on
Terminator: https://en.wikipedia.org/wiki/Terminator_(character_concept)
2	 “Investing in AI: Moving Along the Digital Maturity Curve,” Cognizant, October 2019, www.cognizant.com/
whitepapers/investing-in-ai-moving-along-the-digital-maturity-curve-codex5050.pdf.
3	 DeepMind’s AlphaGo website: https://deepmind.com/research/case-studies/alphago-the-story-so-far.
4	 Will Douglas Heaven,“OpenAI’s New Language Generator GPT-3 Is Shockingly Good – and Completely Mindless,” MIT
Technology Review,July 20, 2020, www.technologyreview.com/2020/07/20/1005454/openai-machine-learning-
language-generator-gpt-3-nlp/.
5	 Cognizant’s Evolutionary AI website: https://www.cognizant.com/us/en/ai/evolutionary-ai.
6	 “Humans + Intelligent Machines: Mastering the Future of Work Economy in Asia Pacific,” Cognizant, March 2019,
www.cognizant.com/whitepapers/humans-plus-intelligent-machines-mastering-the-future-of-work-economy-in-
asia-pacific-codex3873.pdf.
7	 Teresa Almeida,“Not All Data Is Created Equal: the Promise and Peril of Algorithms for Inclusion at Work,” The London
School of Economics Business Review,” https://blogs.lse.ac.uk/businessreview/2020/10/21/not-all-data-is-created-
equal-the-promise-and-peril-of-algorithms-for-inclusion-at-work/.
8	 Paul LaMonica,“Snowflake Shares More than Double. It’s the Biggest Software IPO Ever,” CNN Business, Sept. 17, 2020,
www.cnn.com/2020/09/16/investing/snowflake-ipo/index.html.
9	 “AI: From Data to ROI,” Cognizant, September 2020, www.cognizant.com/whitepapers/ai-from-data-to-roi-
codex5984.pdf.
10	 For the second consecutive year, Cognizant has won an AI Breakthrough Award, which honors the excellence, creativity,
hard work and success of companies, technologies and products in the field of AI. See https://news.cognizant.
com/2020-08-26-Cognizant-Wins-2020-AI-Breakthrough-Award-for-Natural-Language-Recognition-Solution.
11	 ASAAP website: www.asapp.com/; UneeQ website: https://digitalhumans.com/creator/.
12	 For more on this topic, see our reports “21 Jobs of the Future,” November 2017, www.cognizant.com/whitepapers/21-
jobs-of-the-future-a-guide-to-getting-and-staying-employed-over-the-next-10-years-codex3049.pdf, and “21
More Jobs of the Future,” October 2018, www.cognizant.com/whitepapers/21-more-jobs-of-the-future-a-guide-to-
getting-and-staying-employed-through-2029-codex3928.pdf.
Endnotes
25The True Meaning of AI: Action & Insight
© Copyright 2020, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical,
photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned
herein are the property of their respective owners.
Codex 6204
About Cognizant
Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology
models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses.
Headquartered in the U.S., Cognizant is ranked 194 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn
how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.
World Headquarters
500 Frank W. Burr Blvd.
Teaneck, NJ 07666 USA
Phone: +1 201 801 0233
Fax: +1 201 801 0243
Toll Free: +1 888 937 3277
European Headquarters
1 Kingdom Street
Paddington Central
London W2 6BD England
Phone: +44 (0) 20 7297 7600
Fax: +44 (0) 20 7121 0102
India Operations Headquarters
#5/535 Old Mahabalipuram Road
Okkiyam Pettai, Thoraipakkam
Chennai, 600 096 India
Phone: +91 (0) 44 4209 6000
Fax: +91 (0) 44 4209 6060
APAC Headquarters
1 Changi Business Park Crescent,
Plaza 8@CBP # 07-04/05/06,
Tower A, Singapore 486025
Phone: + 65 6812 4051
Fax: + 65 6324 4051
About the Center for the Future of Work
Cognizant’s Center for the Future of Work™ is chartered to examine how work is changing, and will change, in response to the emergence of new
technologies, new business practices and new workers. The Center provides original research and analysis of work trends and dynamics, and collaborates
with a wide range of business, technology and academic thinkers about what the future of work will look like as technology changes so many aspects of
our working lives. For more information, visit Cognizant.com/futureofwork, or contact Ben Pring, Cognizant VP and Director of the Center for the Future
of Work, at Benjamin.Pring@cognizant.com.

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The True Meaning of AI: Action & Insight

  • 1. The Work Ahead is a research series providing insight and guidance on how organizations are evolving to the next stage of their digital journey. In this report, we explore how C-level executives around the world are using artificial intelligence to power business success, and provide guidance on using this powerful technology to ensure a successful future for the future of work. TheTrueMeaning of AI:Action & Insight
  • 2. The Work Ahead Executive Summary Science fiction has conditioned us to think of artificial intelligence (AI) as an anthropomorphic super-being, intent on wiping out our jobs (or, gulp, us). But a post- Singularity future with super AI-based “Terminators” running amok is a mirage.1 AI is, more accurately, a tool – an incredibly powerful tool – with the potential to take organizations and individuals to new thresholds of performance in whatever activity they’re engaged. 2The True Meaning of AI: Action & Insight
  • 3. The Work Ahead Because AI has diffused into so many aspects of our lives and work so seamlessly, it is easy – as the proverbial frogs in boiling water – to overlook how significant it will be for the rest of our working lives. In our new Work Ahead research series, however, executives appear to grasp that something big is going on. When asked to rank the importance of a wide variety of technologies and trends to the future of their work over the next three years, respondents rated AI as second only to hyperconnectivity. And, as a consequence, a very large portion of businesses – 70% – are implementing and trialing AI in some form or other, within their businesses right now. (See Methodology, page 23, for full details on the Work Ahead research series.) While AI ultimately offers incredible utility, its benefits can be challenging to achieve, and ROI doesn’t happen overnight. To make it a game-changer and generate value, businesses must have the right data, strategy, applications, skills and use cases, and they must focus on real business objectives and problems to solve. Other hurdles include managing risks and ethics, and embedding AI into day-to-day workflows so people can work together with these new tools, intimately, iteratively and inextricably. All of these challenges are non-trivial. In sum, they present the work ahead. 3The True Meaning of AI: Action & Insight
  • 4. The Work Ahead Five key themes have emerged from our research and analysis: 1 AI is central to the future of work. AI is now accepted as an essential tool for modern enterprises, with respondents naming AI as a top driver for the future of work. The future of business will be based on AI-driven systems that continuously model, simulate and recommend the “next best action.” Cognitive technologies are also coming into their own to deal with the mountains of data that process work generates. AI will be deployed to strip out costs, speed decision cycles and open up new horizons for innovation and disruption. 2 Realism and recognition now surround what AI can do. AI is arguably the most difficult of the digital technologies to master, but it’s also the most rewarding and – according to our recent study – the most indicative of digital maturity.2 While the percentage of respondents citing AI as impacting the future of work declined this year vs. in 2016, we believe this is because of businesses’ more measured, nuanced approach to AI technologies. The more that companies absorb AI into their business processes,the less they see it as something magical, and more as a new means to an end. 3 It’s the data, stupid. AI is playing a critical role in enabling businesses to churn through data at “beyond-human” scales and levels of precision. Preparing data for AI-driven analysis is a task increasingly being taken on by intelligent systems. Currently, 17% of the work involved with sifting large data sets is done by machines vs. humans, and this is forecast to rise to 25% by 2023, according to our study. The ratio between the volumes of work performed by humans as opposed to machines continues to turn in favor of machines. 4 AI changes work, process by process. A substantive majority of companies (70%) have piloted or implemented AI across a growing range of activities; in areas such as fraud detection and supplier management, AI is becoming a common approach. Respondents augmenting their business processes with AI expect to realize 11% increases in operational efficiency this year and 17% by 2023. 5 Businesses that focus on AI ethics tend to also have a greater sense of purpose. Those organizations that emphasize ethics in the use of AI also prioritize ethical approaches to managing their workforce post-COVID. These businesses are also more attuned to workforce safety, pay and conditions, and more likely to provide higher rewards for “gig” based work. A focus on AI ethics indicates an organization operating with purpose. 4The True Meaning of AI: Action & Insight
  • 5. The Work Ahead AI is now core curriculum When we asked executives to name which forces would have the strongest impact on their organizations’ work by 2023, AI comes in just behind the hyperconnectivity of billions of people, machines and devices. 5The True Meaning of AI: Action & Insight
  • 6. The Work Ahead In 2016, a slightly higher percent of respondents (51%) cited AI as having a strong impact than in our current study (43%) (see Figure 1). Have the last several years dulled the “automagical” shine of AI that gleamed from scores of TED Talks from not-so-long-ago? Perhaps, but we believe the change in sentiment is more indicative of businesses’ realization that AI is not a “magic wand” but more akin to a “Hemi” engine: an extremely powerful component of a machine that in the hands of amateurs is nothing more than an inert lump of metal but in skilled hands, can transform a car into a race winner. The more that companies absorb AI into their business processes – in the way that Amazon, Netflix, Microsoft and a whole host of other leading companies have done – the less they see it as anything out of the ordinary. It becomes, instead, the primary means to strip out cost, speed decisions and open entirely new competitive vistas. Hyperconnectivity of billions of people, machines and devices Artificial intelligence Outsourcing of internal work Business analytics Software for process automation Concerns about security and privacy Physical work automation Digital regulation Issues around trust and ethics Cloud delivery of services The “platform economy” Current study 2016 study 47% 39% 43% 51% 52% 41% 41% 40% 37% 40% 48% 39% 38% 37% 33% 35% 22% 34% 52% 46% 34% 32% Response base: 4,000 (current study); 2,000 (2016 study) Source: Cognizant Center for the Future of Work Figure 1 AI takes a leading role Respondents were asked to rate the impact of the following forces on work by 2023. (Percent of respondents saying high impact) 6The True Meaning of AI: Action & Insight
  • 7. The Work Ahead Rather than seeing AI as something done in a secret lab by an elevated brain trust, more companies are turning to the technology to do very practical things – things that otherwise would take forever to do (or just wouldn’t get done). This includes activities like accelerating underwriting processes, reducing fraud risk or increasing patient adherence to a medication regime. AI is now seen as a set of technologies that do the heavy lifting for organizations to meaningfully consume – and act on – vast volumes of continuously growing and always changing data. It’s a way for us to work and see meaning at a scale that’s bigger than ourselves. Those who rate business analytics as a key driver for the future of work (41% in our study) are likely to get a further boost from applying AI technologies, as will those who cite process automation (40%); after all, why simply “automate” processes when you can optimize them and glean deeper meaning at the same time using AI? Realizing AI-driven outcomes like these will remain a core curriculum as we reconstruct more modern businesses post- COVID, and attempt to “build back better.” (See Quick Take for how we define AI in this study.) Quick Take No killer robots in sight Because many businesses have different views of what AI actually is, our study offered a definitional range that encompasses the business uses of AI, including machine learning (ML) and cognitive/deep learning (e.g., predictive maintenance, recommendation engines). We’ve also found it helpful to categorize AI into three subsets: ❙ Narrow AI (ANI), aka “applied AI” or “weak AI,” focuses around a particular task like navigating traffic, reviewing medical charts or optimizing stock trading. DeepMind’s AlphaGo, which thrashed professional Go master Lee Sedol, also falls into this category.3 ❙ General AI (AGI), aka “strong AI,” is the use of machine intelligence that matches human abilities to learn entire processes, such as every task involved with walking into a kitchen to brew a cup of coffee. While such processes are simple enough for most humans to do even in an unfamiliar kitchen, machines have yet to reach this level of sophistication in learning (but the cutting-edge capabilities of GPT-3 appear to come close to AGI).4 ❙ Super AI is the theoretical outcome of AGI, with unlimited computing power. This is the AI that some worry would quickly overtake human capability and reach levels of intelligence we can’t even comprehend. While General AI and Super AI continue to tantalize imaginations, ANI is the type of AI leading to most of the technological and business breakthroughs today and what we describe in this study. Our references to AI in this report focus on that subset of the technology, and align with Cognizant’s Evolutionary AI™ approach to improve decision- making and drive impactful business outcomes.5 7The True Meaning of AI: Action & Insight
  • 8. The Work Ahead Data mastery: beyond human scale Many aspects of data management – from organizing and preparing it for AI analytics, to using it for insights – are increasingly beyond human capability. 8The True Meaning of AI: Action & Insight
  • 9. The Work Ahead As Figure 2 shows, the ratio between the volume of work performed by humans as opposed to machines continues to turn in favor of machines, particularly when it comes to data organization, complex decision support and rules-based decision making. Consider that today, the main types of data integrated into AI applications are Internet of Things (IoT), customer and internal data. In many cases, this is simply because of the sheer volume of accessible data generated by sensors and customer interactions. But other forms of data are where the most extraordinary insights often lie, particularly when multiple forms of data are combined. This means getting past the reports and spreadsheets and bringing in data that’s not always structured and formatted and not always owned by the business itself, including publicly available drone and camera images or social media sentiment, as well as geolocation and psychographic data. It also means combining this data in new ways, such as taking video from street cameras and merging it with traffic data and local tweets to ascertain the business revenue of a particular geography or even what people are buying in that area. Sifting large data sets to filter and identify errors or actionable items Feedback, assessment and process improvement Collection, curation and management of data Execution of complex decisions Mining and analysis of data to diagnose problems, make predictions, recommendations Physical actions to implement decisions Evaluation of options/ recommendations to make decisions Execution of routine, rules-based decisions based on data inputs Today 2023 17% 16% 16% 16% 16% 16% 15% 15% 26% 23% 24% 24% 23% 22% 23% 23% Response base: 4,000 Source: Cognizant Center for the Future of Work Figure 2 More work pivots to machines as process data explodes Respondents were asked to what extent the following activities are executed by machines vs. employees, now and in 2023. (Percent of work that is or will be conducted by machines) 9The True Meaning of AI: Action & Insight
  • 10. The Work Ahead Imagine pulling insights from millions of customer interactions with geolocation or psychographic data and making accurate, ongoing predictions regarding consumer needs and desires. What if you could add human insights into the results (warmth, empathy, creativity), with the ability to craft engaging, insight- driven customer journeys that work at scale? Retailers, for example, could create immersive product catalogs with a “virtual try before you buy” feature; educators could offer personalized and effective learning paths for any subject; doctors could spot opioid addiction or a patient’s withdrawal from the physical world. The possibilities for work are endless. This shift is not science fiction; it is happening now, and is generating achievable outcomes across a host of processes and industries. Data really is the new oil The key question is whether your business and current technology infrastructure can handle this deluge of data. Volumes will only increase, especially with a second wave of IoT solutions coming online, and the advent of 5G set to transform these solutions with greater bandwidth and lower latency. IoT sensors embedded into products would enable better user experiences, or give process owners the ability to monitor assets virtually, continually adjusting them for peak performance and applying data insights from third-party sources. Is your workforce ready for the advent of these new technologies? How will you cope with the deluge of data? This is why the use of machines is on the rise. In our study, it’s clear businesses recognize that handling today’s data volumes cannot be done by human workers alone. Businesses need help organizing their data more effectively, using machine learning software targeted at databases to cleanse and organize data so it can be of business value. According to respondents, machines will perform a greater portion of this task, from 17% of this work today to 26% by 2023. The second and third areas where the transition toward machines is set to accelerate are both encompassed by the function of decision support.“Execution of complex decisions” and “execution of routine, rules-based decisions” are both areas in which respondents expect to see a significant transition toward machines in the next three years (from 16% to 24% and from 15% to 23%, respectively). Executives are increasingly turning to AI to process large data sets (just as most stock trading is now commonly undertaken by machines, complex decision making will be done more quickly and effectively by machines). As this shift occurs, businesses will need to more fully consider the best ways for machines and human workers to partner together. Machines will perform a greater portion of data management tasks, from 17% of this work today to 26% by 2023. 26%by 2023 10The True Meaning of AI: Action & Insight
  • 11. The Work Ahead Forging a modern business, process by process We asked respondents to select one business process in their organization where technology has had a material impact on augmenting (i.e., improving) process outputs, and then to say which technology tools were used. 11The True Meaning of AI: Action & Insight
  • 12. As can be seen in Figure 3, AI has been implemented to some degree by almost three-quarters of study respondents, with 8% reporting widespread implementation, 30% some degree of implementation, and another 32% with pilots underway. The focus on IoT, analytics, blockchain and chatbots reveals the integral role AI will play in the future of process work as a tool to handle ever more detail. For example, IoT will trigger more data- oriented technology investments as intelligent sensors generate growing amounts of data and are used to control physical systems. This will create a “flywheel” effect, with an explosion of data needing to be organized and sifted for meaning at scale. While 5G is still at an early stage of adoption – only 9% of respondents have a 5G pilot underway – over time the “mesh of machines” created by IoT and 5G will serve as the foundation for new levels of functionality and possibility that require AI to handle the data. Future employees will be able to pull insights from millions of customer interactions in the physical and virtual worlds, and use machine learning and AI to make ongoing and accurate predictions concerning consumer needs and desires. Data analytics AI IoT Process automation Blockchain Chatbots AR/VR Robots 5G Autonomous or self-driving vehicles, drones, telematics 3-D printing Widespread Some implemented Some pilots implementation projects underway 5% 5% 8% 16% 8% 30% 30% 26% 21% 11% 14% 4% 4% 3% 2% 36% 32% 25% 29% 30% 17% 20% 12% 9% 6% 4% Response base: 4,000 Source: Cognizant Center for the Future of Work Figure 3 AI is the mechanism to handle the explosion of process data Respondents were asked about the progress made in using each technology to augment business processes. (Percent of respondents naming each implementation phase) The Work Ahead 12The True Meaning of AI: Action & Insight
  • 13. Outcomes move beyond cost and efficiency When AI is applied to a specific business process,the underlying knowledge assets within that process have the potential to become smarter and be used (and reused) in productive ways. Our respondents are bullish on unlocking new operational efficiency thresholds with AI (see Figure 4). While they’re already realizing an 11% increase in operational efficiency today, they expect that to increase to 17% by 2023. Imagine what this speed and efficiency could mean in your own business context. What if an insurer could process claims 10 times faster than its competitors? Or if a bank could evaluate and approve a loan while the customer was still admiring the car in the showroom? By injecting AI into back-, middle- and front- office processes, companies can accelerate their operational speed and their ability to derive real-time insight into all aspects of their operations in material ways. Operational efficiency Decision making Customer experience Risk management, security and regulatory compliance Operational effectiveness Employee experience Organizational agility Brand reputation Sales Innovation Sustainability Today 2023 11% 11% 8% 8% 8% 7% 7% 7% 7% 6% 6% 17% 17% 15% 13% 14% 13% 13% 13% 13% 12% 10% Response base: 4,000 Source: Cognizant Center for the Future of Work Figure 4 Top AI benefits: efficiency, decision making, customer experience Respondents were asked about the progress they expect to make in the following areas with the application of AI. (Mean percent increase today and in 2023) The Work Ahead 13The True Meaning of AI: Action & Insight
  • 14. The Work Ahead Respondents are also betting on AI to improve decision-making by 17% during the next three years by leveraging it for fast and intelligent insights that create new business value. To stay ahead of the curve, businesses should set a short-term target (the next 12 months) in which they aim to match their decision-making speed to that of anticipated growth in data volumes. Our respondents are also changing the basis of competition from the outside, using AI to rewire customer-focused processes and materially improve customer experience levels by 2023. To get there, they are looking to eliminate friction points such as long wait times on service calls, mortgage loan applications, medical records management and travel planning. Cognitive computing-based customer service will soon become a make-or-break factor for succeeding in a fast- paced, competitive business environment. By processing in real-time the content of phone calls made to a call center, as well as the caller’s underlying emotions through natural language processing and sentiment analysis, cognitive systems can guide chatbots and agents to de-escalate tense situations, resulting in higher customer retention, lower agent turnover and the insights to create a better customer experience. Ultimately, our analysis shows businesses achieving a wide variety of business goals using AI, including stronger risk and security compliance and employee engagement. More mature AI adopters are achieving even more growth-oriented benefits, such as greater organizational agility, brand enhancement, innovation and sales. Your five-year plan: building workflows that match smart people with smart machines To reap the benefits of AI, businesses need to build new workflows that enable predictable, rote and repetitive activities to be done by machines, while humans specialize in applying judgment, creativity and empathy. The executives interviewed for this report recognize this need and what it means for their workforce.“We especially need skilled people who are capable of running automated systems. We will be hiring much more such talent in the future,” said a CEO from a consumer goods company in Europe. A U.S. healthcare COO remarked that “the coming five years will see an increase in demand for AI, ethics and data governance, and data science in multiple divisions across our business units.” The growth in demand for such roles requires the workforce to increase its range of skills to make themselves relevant to where the market is clearly going. Big data specialists, process automation experts, security analysts, human-machine interaction designers, robotics engineers and machine learning experts will all be highly valued for the foreseeable future. How well organizations blend and extend the strengths of their people with the capabilities of intelligent machines will determine their digital maturity and their success in fundamentally changing – and improving – how work gets done. Organizations will need to rethink their workforce resourcing model by applying AI to specific processes, separating out tasks and activities from within jobs as they are currently configured, and parsing them anew between people and machines. The result will likely mean more gig work and micro- outsourcing of tasks as work becomes more specialized. Success for many organizations will depend on how they blend and extend the strengths of people with the capabilities of machines. Management will need to be focused on explaining this objective in a way that takes people along on the journey; preparing the workforce for the profound changes in how they work is an important element of living up to the mantra of being an organization of purpose, and of being clearly regarded in talent markets as an employer of choice. (For more on this topic, see Quick Take, page 15). To reap the benefits of AI, businesses need to build new workflows that enable predictable, rote and repetitive activities to be done by machines,while humans specialize in applying judgment, creativity and empathy. 14The True Meaning of AI: Action & Insight
  • 15. Quick Take How to match people with machines Succeeding with AI requires an acute focus on the relationship between humans and machines, how the two will collaborate, and how the current workforce and the business will adapt to AI. We offer a framework to help organizations build workflows to match smart people with smart machines by aligning five elements (5Ts) – tasks, teams, talent, technology and trust – to transition into the new machine age successfully. At the heart of this framework are business processes that need restructuring and reengineering to support human-machine collaboration: ❙ Tasks: deconstruct jobs into tasks. Companies will need to identify which tasks within any given job are best performed by humans vs. machines to achieve an optimal balance of human-machine collaboration. In most cases, portions of a job will be impacted or replaced by a bot, while other portions will be untouched or even enhanced. ❙ Talent: fuse human and technical skills. People skills will need to be tweaked for optimal human-machine collaboration. Workers will need to think in terms of the systems, tools and processes required to make the best use of AI-driven insights and capabilities. ❙ Technology: IT matters more than ever. Whether your organization is recreating a business process from scratch or injecting AI into front-, middle- or back-office processes, success will depend on how well the IT infrastructure is integrated with AI systems. The IT infrastructure needs to become agile, responsive, flexible, secure, scalable and simple to manage the transition. ❙ Teams: small, flexible and fluid. We will witness a shift from larger hierarchical team structures to smaller teams in the future. These changes will allow individuals and teams to become more fluid and flexible across roles and functions. Businesses will require new roles, such as human-machine teaming managers, to identify tasks, processes, systems and experiences to be upgraded by newly available technologies, as well as imagine new approaches, skills, interactions and constructs. ❙ Trust: instilling trust in machines. From unexpected or biased results to dangerous errors, we now face the moral dilemma of determining who’s responsible for any wrongdoing by an AI-driven machine. Businesses will need to increase transparency into AI mechanisms and decisions. (For more on this topic, see our full report “Humans + Intelligent Machines: Mastering the Future of Work Economy in Asia Pacific.”6 The Work Ahead 15The True Meaning of AI: Action & Insight
  • 16. The Work Ahead Why AI ethics matter As AI is used to generate more powerful business outcomes, the responsibility grows to meet ever-higher standards in its use, particularly regarding accountability, the potential for bias and permitted data use. 16The True Meaning of AI: Action & Insight
  • 17. The Work Ahead As has been frequently noted, one downside of machine learning systems is that they can entrench existing bias in decision-making systems.7 Progress with these tools requires trust from both customers and employees that the right course of action is being taken. In our analysis, organizations that prioritize AI ethics positively outscore those that don’t on every single marker of employee well-being in our study, from employee safety to pay. We identified a “leader” cut of respondents, representing 14% of the respondent base, who believe that both AI and issues around trust and ethics will have a strong impact on the world of work over the next three years (for the full methodology, see page 23). We found that these leaders are the most likely to treat their workforce better and see employees not as a mere labor resource but for the value they bring to the organization (see Figure 5 and 6, next page). When asked to predict how the pandemic would impact their business and workforce over time, these leaders pointed to employee safety and job recognition as top factors. This cohort also expects to prioritize workforce safety (62% vs. 56% for non-leaders), and to value and pay their front-line workers more (64% vs. 57%). Over the medium term, COVID will force enterprises with an ethical mission to ask more strategic questions about undertaking fundamental aspects of these goals; in doing so, they will move further ahead in their competitive battles. The notions of “business purpose” and the ethical use of AI, it should be noted, are frequently subject to critique from those who believe many organizations simply pay “lip service” to these ideas while doing very little to act on any other objective than improving the bottom line. This criticism notwithstanding, businesses do need to take purpose and ethics more seriously than ever before for one primary reason: the next generation of talent (the fabled digital natives) demands it. To appeal to younger generations of workers, businesses will need to make issues like diversity, inclusion, stakeholders, the environment, etc., central to their strategy. While it would be easy for leaders accustomed to prioritizing shareholder needs over those of employees to be cynical about this change, it would also be a serious mistake. The new agenda at the heart of the future of work requires businesses to step forward and lead a generation that wants change. AI talent – perhaps the most valuable talent on earth – will increasingly choose organizations that live up to ideals that are no longer idealistic but are the new standard operating procedure. Organizations that prioritize AI ethics outscore those that don’t on every marker of employee well-being and workplace resilience in our study. 57%of AI ethics leaders will increase supply chain resilience vs. 49%of all other respondents 64%of AI ethics leaders will increase pay for essential workers vs. 57%of all other respondents 17The True Meaning of AI: Action & Insight
  • 18. The Work Ahead Redesign workplace for social distancing Redesign supply chain for resilience Pandemic will destroy traditional, non-digital business Streamline our estate Less personal and social interaction with customers Re-shore outsourced activities Redesign operating model for tighter borders Rely on digital channels to deliver to customers Value and pay essential workers more More flexible teams, less functional departments Pay more attention to workforce safety Pandemic has accelerated digital working practices Provide greater social protections for freelancers Harder to collaborate across teams and departments Reassess performance indicators Cut pay of highly paid executives Expect Universal Basic Income by 2023 Will introduce HR policies for remote working Workforce working more at home Responsible AI implementers All other respondents 62% 56% 57% 49% 56% 48% 53% 41% 51% 46% 51% 41% 49% 41% 44% 36% 57% 64% 48% 63% 59% 62% 51% 56% 44% 53% 41% 52% 42% 51% 42% 50% 42% 47% 40% 45% 26% 33% Response base: 4,000 total respondents; 575 “responsible AI implementers” Source: Cognizant Center for the Future of Work Figures 5 and 6 Organizations that ethically deploy AI score higher on all aspects of workplace and workforce strategy measures Respondents were asked whether they agree with the following statements about the likely impact of the pandemic on the business and workforce. (Percent of respondents who said they agree or strongly agree) 18The True Meaning of AI: Action & Insight
  • 19. The Work Ahead The future of work pivots on AI In the years since the term “digital business” first emerged, so has our understanding of digital maturity. 19The True Meaning of AI: Action & Insight
  • 20. Deep learning is proving incredibly valuable as AI adoption expands, as it provides businesses with the ability to find meaning in diverse sets of unstructured data. But among all the AI-related technologies currently being developed, natural language processing stands out as having perhaps the highest potential. The Work Ahead In the first waves of digitization, it was enough to have a data warehouse or two, or even a data lake. Now, with data gushing out of every connected device, companies have access to entirely new categories of more meaningful data – unstructured data, IoT data, images, social data – which makes the challenge of finding needles in haystacks even more daunting. The wild success of Snowflake’s recent IPO is evidence enough, if it were needed, that solving this challenge can be hugely profitable.8 To address this issue, AI leaders in our recent study on the ROI of AI are spending on advanced AI technologies, such as machine learning, deep learning, computer vision and natural language processing.9 In contrast, non-leaders are more focused on basic AI technologies, such as data management, digital assistants and robotic process automation. Deep learning is proving incredibly valuable as AI adoption expands, as it provides businesses with the ability to find meaning in diverse sets of unstructured data. But among all the AI-related technologies currently being developed, natural language processing stands out as having perhaps the highest potential.10 Over the last few years, the advances in voice recognition have been profound, whether to capture different accents and languages or to build capabilities into more devices. The most recent example of this is Generative Pre-trained Transformer 3 (GPT-3), released from the non-profit OpenAI research laboratory, established by Elon Musk. GPT-3 is described as an autoregressive language model that uses deep learning to produce human-like text. It has been trained on billons of words of text and, over time, has figured out the underlying rules of language and how to use them. The model generates written text so human-like that it has led to speculation on the impact of integrating it with agent coaching and real-time scripting software from companies such as ASAAP and then further integrating the result with the latest-gen “digital human” from UneeQ.11 When a photo-realistic digital human can talk to a customer in the customer’s dialect and language, and look at them with the color eyes that they prefer (pre-selected during sign-up for the service) and solve the customer’s issue quickly and painlessly, then an entirely new threshold of performance will have been reached. Systems that can learn and become smarter through the collective intelligence of the network in the way that Tesla cars are all upgraded at once and Waze collects real-time data from all of its users to inform all of its users is a future that may appear science fiction, but it’s fast becoming science fact. 20The True Meaning of AI: Action & Insight
  • 21. The Work Ahead Recommendations In reviewing the AI-specific data from our Work Ahead series, it becomes clear that organizations face a pressing need to rethink the systems, processes and skills required to compete in markets that are more competitive than ever. 21The True Meaning of AI – Action & Insight
  • 22. The Work Ahead From the factory floor to the back office to the boardroom, many of the tasks that people undertake today would be done better through the application of AI and other systems of intelligence. In order to leverage AI in your work ahead, the following steps are important to consider and act on: Check your progress with AI by checking the growth of data. To stay ahead of the curve, businesses should set a target for the next 12 months to match their decision- making speed to that of anticipated growth in data volumes. For instance, if you expect a 30% annual growth in data over the next 12 months, then the organization’s speed of making insights and applying AI needs to accelerate by 30% during the same period. Anything less will impact the speed of doing business in this fast-changing world. Get your data right, and make it richer. Ensuring your data is in good shape isn’t enough; businesses also need to bring in richer sets and types of data, such as psychographic, geospatial and real-time data – all of which have the potential to drive higher AI-centric performance. Managing this data and making it useful for interrogation and leverage by AI systems is an important step on the road to digital maturity. Without this unglamorous hard work, a lot of data will remain noise and never reveal the signal buried within it. Solve the human side of the equation. AI is not just about technology – in fact, it is more importantly about people. Critical to leveraging the possibilities of AI is hiring talent that can understand the technology and business needs and create solutions, not just build models. Organizations should deeply focus on HR plans (hiring and retention) that prioritize securing the next generation of talent; without it, it will be virtually impossible to keep pace in markets that are being disrupted at light speed. Be ready to kick off your own skills renaissance. Every business now needs big data specialists, process automation experts, security analysts, human-machine interaction designers, robotics engineers and machine- learning experts. As a result, these skills aren’t easy to acquire. In addition to having sophisticated hiring and retention plans (see above), organizations need to work harder to leverage the talent they already have. A root-and-branch reform of upskilling and internal career progression is an important element of the multi-factor HR strategy necessary to succeed at this foundational task. Adopt a culture of collaboration and learning. Organizations need to spread the mantra of data and AI across every aspect of their operations – not just keep them caged within the IT department. This “spreading of the gospel” can start by establishing data tribes with squads of data stewards, data engineers and data modelers swarming around a specific challenge or customer touchpoint. Executives across functions – not just in IT – should institute a digital culture in which every employee is eager to use and apply these new data services within their roles. Rotating IT staff and non-IT staff between functions – IT and non IT – is an important tactic that can easily be deployed. Construct new workflows to reach new performance thresholds. Organizations should start by reshaping the jobs of today into the jobs of the future by establishing the trust needed to make human/machine teaming a reality.12 The trick is preparing your workforce for these profound changes in how they work. Without this trust, many individuals and groups will see new machines as a threat to their job security rather than a protector of it. 22The True Meaning of AI: Action & Insight
  • 23. The Work Ahead Cognizant commissioned Oxford Economics to design and conduct a study of 4,000 C-suite and senior executives. The survey was conducted between June 2020 and August 2020 via computer-assisted telephone interviewing (CATI). Approximately one-third of the questions were identical to those asked in the 2016 Work Ahead study, allowing us to compare responses and track shifting attitudes toward technology and the future of work. Respondents are from the U.S., Canada, UK, Ireland, France, Germany, Switzerland, Benelux (Belgium, Luxemburg, Netherlands), Nordics (Denmark, Finland, Norway, Sweden), Singapore, Australia, Malaysia,Japan, China, Hong Kong, India, Saudi Arabia and UAE. They represent 14 industries, evenly distributed across banking, consumer goods, education, healthcare (including both payers and providers), information services, insurance, life sciences, manufacturing, media and entertainment, oil and gas, retail, transportation and logistics, travel and hospitality, and utilities. All respondents come from organizations with over $250 million in revenue; one-third are from organizations with between $250 million and $499 million in revenue, one-third from organizations with between $500 million and $999 million in revenue, and one-third with $1 billion or more in revenue. The AI ethical leader cut is a group of respondents who believe that both AI and issues around trust and ethics will have a strong impact on the world of work by 2023. Through our data analysis, 575 respondents were identified as part of this cut, which represents 14% of the 4,000 respondents. The group consists of respondents from various markets, industries and company sizes. In addition to the quantitative survey, Oxford Economics also conducted 30 in-depth interviews with executives, spread across the countries and industries surveyed. Interviewees exhibited a track record of using emerging technology to augment business processes. The conversations covered the major themes in this report, providing real-life case studies on the challenges faced by businesses and the actions they are taking, at a time when the coronavirus pandemic was spreading around the world and companies were formulating their strategic responses. The resulting insights offer a variety of perspectives on the changing future of work. Methodology 33% U.S. Germany 6% Switzerland 1% 1% Ireland France 6% UK 5% Japan 4% India 4% China 4% Australia 3% Singapore 3% Hong Kong 3% Saudi Arabia 3% 8% Benelux (Belgium, Luxemburg, Netherlands) Canada 3% 7% Nordics (Denmark, Finland, Norway, Sweden) UAE 3% Malaysia 3% Respondents by geography Respondents by role 13% Vice President 13% Chief Operating Officer 13% Director reporting to senior executive 13% Senior Vice President 12% President 12% Chief Executive Officer 12% Chief Financial Officer 12% Other C-suite Officer 23The True Meaning of AI: Action & Insight
  • 24. The Work Ahead Ben Pring Vice President, Head of Thought Leadership and Managing Director, Cognizant’s Center for the Future of Work Ben Pring is the Head of Thought Leadership at Cognizant, and co-founded and leads Cognizant’s Center for the Future of Work. He is a co-author of the best-selling and award-winning books What To Do When Machines Do Everything (2017) and Code Halos; How the Digital Lives of People, Things, and Organizations are Changing the Rules of Business (2014). His latest book, Monster: Taming the Machines that Rule Our Lives,Jobs, and Future, will be out in March 2021. Ben sits on the advisory board of the Labor and Work Life program at Harvard Law School. In 2018, he was a Bilderberg Meeting participant. Ben joined Cognizant in 2011 from Gartner, where he spent 15 years researching and advising on areas such as cloud computing and global sourcing. In 2007, he won Gartner’s prestigious Thought Leader Award. Prior to Gartner, Ben worked for a number of consulting companies, including Coopers and Lybrand. Ben’s expertise in helping clients see around corners, think the unthinkable and calculate the compound annual growth rate of unintended consequences has made him an internationally recognized authority on leading-edge technology and its intersection with business and society. His work has been featured in The Wall Street Journal, Financial Times, The London Times, Forbes, Fortune, MIT Technology Review, The Daily Telegraph, Quartz, Inc., Axios, The Australian and The Economic Times. Based near Boston since 2000, Ben graduated with a degree in philosophy from Manchester University in the UK, where he grew up. Ben can be reached at Benjamin.Pring@cognizant.com LinkedIn: linkedin.com/in/benpring/ Twitter: @BenjaminPring Euan Davis Associate Vice President, Cognizant’s Center for the Future of Work, EMEA Euan Davis leads Cognizant’s Center for the Future of Work in EMEA. A respected speaker and thinker, Euan has guided many Fortune 500 companies into the future of work with his thought-provoking research and advisory skills. Within Cognizant’s Center for the Future of Work, he helps ensure that the unit’s original research and analysis jibes with emerging business-technology trends and dynamics in Europe, and collaborates with a wide range of leading thinkers to understand how the future of work will look. Previously, Euan held senior analyst, advisory and leadership positions at Forrester Research, IDC and CEB. Euan can be reached at Euan.Davis@cognizant.com LinkedIn: linkedin.com/in/euandavis/ Twitter: @euandavis About the authors Acknowledgments The authors would like to thank Robert H. Brown, Manish Bahl and Desmond Dickerson from the Cognizant Center for the Future of Work, as well as Bret Greenstein from Cognizant’s AI & Analytics Practice, for their valued contributions to this report. 24The True Meaning of AI: Action & Insight
  • 25. The Work Ahead 1 Wikipedia entry on “Singularity” https://en.wikipedia.org/wiki/The_Singularity_Is_Near; Wikipedia entry on Terminator: https://en.wikipedia.org/wiki/Terminator_(character_concept) 2 “Investing in AI: Moving Along the Digital Maturity Curve,” Cognizant, October 2019, www.cognizant.com/ whitepapers/investing-in-ai-moving-along-the-digital-maturity-curve-codex5050.pdf. 3 DeepMind’s AlphaGo website: https://deepmind.com/research/case-studies/alphago-the-story-so-far. 4 Will Douglas Heaven,“OpenAI’s New Language Generator GPT-3 Is Shockingly Good – and Completely Mindless,” MIT Technology Review,July 20, 2020, www.technologyreview.com/2020/07/20/1005454/openai-machine-learning- language-generator-gpt-3-nlp/. 5 Cognizant’s Evolutionary AI website: https://www.cognizant.com/us/en/ai/evolutionary-ai. 6 “Humans + Intelligent Machines: Mastering the Future of Work Economy in Asia Pacific,” Cognizant, March 2019, www.cognizant.com/whitepapers/humans-plus-intelligent-machines-mastering-the-future-of-work-economy-in- asia-pacific-codex3873.pdf. 7 Teresa Almeida,“Not All Data Is Created Equal: the Promise and Peril of Algorithms for Inclusion at Work,” The London School of Economics Business Review,” https://blogs.lse.ac.uk/businessreview/2020/10/21/not-all-data-is-created- equal-the-promise-and-peril-of-algorithms-for-inclusion-at-work/. 8 Paul LaMonica,“Snowflake Shares More than Double. It’s the Biggest Software IPO Ever,” CNN Business, Sept. 17, 2020, www.cnn.com/2020/09/16/investing/snowflake-ipo/index.html. 9 “AI: From Data to ROI,” Cognizant, September 2020, www.cognizant.com/whitepapers/ai-from-data-to-roi- codex5984.pdf. 10 For the second consecutive year, Cognizant has won an AI Breakthrough Award, which honors the excellence, creativity, hard work and success of companies, technologies and products in the field of AI. See https://news.cognizant. com/2020-08-26-Cognizant-Wins-2020-AI-Breakthrough-Award-for-Natural-Language-Recognition-Solution. 11 ASAAP website: www.asapp.com/; UneeQ website: https://digitalhumans.com/creator/. 12 For more on this topic, see our reports “21 Jobs of the Future,” November 2017, www.cognizant.com/whitepapers/21- jobs-of-the-future-a-guide-to-getting-and-staying-employed-over-the-next-10-years-codex3049.pdf, and “21 More Jobs of the Future,” October 2018, www.cognizant.com/whitepapers/21-more-jobs-of-the-future-a-guide-to- getting-and-staying-employed-through-2029-codex3928.pdf. Endnotes 25The True Meaning of AI: Action & Insight
  • 26. © Copyright 2020, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners. Codex 6204 About Cognizant Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 194 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant. World Headquarters 500 Frank W. Burr Blvd. Teaneck, NJ 07666 USA Phone: +1 201 801 0233 Fax: +1 201 801 0243 Toll Free: +1 888 937 3277 European Headquarters 1 Kingdom Street Paddington Central London W2 6BD England Phone: +44 (0) 20 7297 7600 Fax: +44 (0) 20 7121 0102 India Operations Headquarters #5/535 Old Mahabalipuram Road Okkiyam Pettai, Thoraipakkam Chennai, 600 096 India Phone: +91 (0) 44 4209 6000 Fax: +91 (0) 44 4209 6060 APAC Headquarters 1 Changi Business Park Crescent, Plaza 8@CBP # 07-04/05/06, Tower A, Singapore 486025 Phone: + 65 6812 4051 Fax: + 65 6324 4051 About the Center for the Future of Work Cognizant’s Center for the Future of Work™ is chartered to examine how work is changing, and will change, in response to the emergence of new technologies, new business practices and new workers. The Center provides original research and analysis of work trends and dynamics, and collaborates with a wide range of business, technology and academic thinkers about what the future of work will look like as technology changes so many aspects of our working lives. For more information, visit Cognizant.com/futureofwork, or contact Ben Pring, Cognizant VP and Director of the Center for the Future of Work, at Benjamin.Pring@cognizant.com.