Science & Tech · AI · 3 hrs ago

AI speeds up work at Japanese firms but does not lift sales or profits

AI speeds up work at Japanese firms but does not lift sales or profits

Japanese companies are using generative AI to help employees get work done faster.

But the time saved has not brought higher sales or profits for some firms.

The story says 73.6% of Japan’s IT workers are concentrated in IT companies, rather than spread across other sectors.

That imbalance can leave many businesses without enough in-house IT expertise to make the most of AI.

It also points to an organisational problem: companies are not turning saved work time into customer value.

The story describes these issues as reasons AI adoption may fail to improve business results, but gives no further steps or timeline.

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Shinichi YamaguchiProfessor at the International University of Japan’s Center for Global Communications
All employees were given generative AI and work time fell significantly, but sales and profits did not rise.
via Toyo Keizai