How generative AI is transforming HR in the Asia-Pacific region

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AI and machine learning asia-pacific Generative AI

The rapid evolution of generative AI has been reshaping the HR landscape across the world, driven predominantly by a younger and more tech-savvy workforce. Dubbed Generation AI, these young employees are at the forefront of adopting AI technologies to save work hours, develop new skills, manage workloads more sustainably and boost productivity.

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According to a report from Deloitte Insights focused on gen AI’s evolution across Asia-Pacific, the technology is projected to impact more than 11 billion work hours across the region per week, equivalent to 16% of total working hours. As a result, AI users enjoy an average time saving of 6.3 hours per week, which they can reinvest in acquiring new skills and enhancing their professional growth. Notably, 41% of those who benefit from these time savings report improving their work/life balance, leading to a more fulfilling and sustainable career.

Generative AI in action

In Singapore, the Monetary Authority of Singapore (MAS) has committed an additional S$100 million (U.S. $74.4 million) to enhance capabilities in quantum and AI technologies in the financial sector. This move aims to support innovation and adoption in financial services, focusing on workforce costs and technology solutions.

See also: The AI revolution is here: How to optimize AI for HR

Another financial institution in Singapore, DBS Bank, plans to equip its 500-strong Customer Service Officer (CSO) with a gen AI-powered virtual assistant, dubbed CSO Assistant, by the end of 2024. Developed in-house, this gen AI tool integrates a large language model attuned to local languages and dialects with voice telephony and speech-recognition capabilities. It can also transcribe customer queries in real time, conduct live searches on the bank’s knowledge base and assist with post-call documentation.

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DBS said that during its pilot phase, the CSO Assistant demonstrated nearly 100% transcription and solution accuracy. Once fully deployed, it is expected to reduce call handling time by up to 20%.

Nimish Panchmatia, chief data and transformation officer at DBS, says, “We see gen AI as a copilot to supercharge our employees, and our immediate focus has been on driving efficiency gains and quality improvement. CSO Assistant is a prime example of how we leverage gen AI innovatively to remove toil in the way we work, which in turn enables our people to enhance customer journeys and deliver differentiated customer outcomes.”

Centering fairness for generative AI innovation

The use of AI in hiring is another area that is gaining traction. A survey by HireVue, which included responses from 3,100 employees and 1,000 HR professionals in the U.S. and U.K., revealed a growing confidence in the fairness of AI tools.

According to Lindsey Zuloaga, chief data scientist of HireVue, 64% of job candidates and 67% of HR professionals believe AI tools are as fair or better than humans in treating applicants and finding well-qualified candidates. However, she also emphasizes the need for transparency and clarity about AI’s role in hiring decision-making to ensure candidates are comfortable with AI’s increasing presence.

As gen AI continues transforming the HR landscape, organizations are encouraged to adapt to these changes to stay competitive. Embracing AI tools can lead to significant efficiency gains and improved employee satisfaction, but transparency and fairness must be at the forefront of these initiatives, experts say. As Chris Lewin, AI and data capability leader at Deloitte Asia-Pacific, aptly puts it, “The rapid adoption of AI won’t directly eliminate jobs, but the impact will be felt by organizations that fail to adapt.”


Josephine Tan wrote this story for HRM Asia. Find more from this author at HRMAsia.com.

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