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ARTICLE · 26 JUNE 2023

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AI As A Driver Of Business Transformations And Restructurings

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AI is already transforming the way we do business, and offers huge potential for companies to restructure and move towards a radically different cost-base. Here, we ask what changes are likely, and what the role of HR will be.

GlobalEmployment and HR
Burkard Göepfert (Kliemt.HR Lawyers)
Burkard Göepfert (Kliemt.HR Lawyers)

AI is already transforming the way we do business, and offers huge potential for companies to restructure and move towards a radically different cost-base. Here, we ask what changes are likely, and what the role of HR will be.

AI as a driver of business transformations and restructurings

With the increasing use of ChatGPT and soon-to-be-released Google equivalents, AI will no longer be avoidable in the workplace. Any defensive approach to this new technology is bound to fail. Businesses will therefore need to adapt, and in doing so find ways to use AI in a lawful, responsible and ethical manner. In law firms, for example, most standard drafting, research, mark-up and due diligence work will certainly be done by AI within the next two to three years (or perhaps even sooner). Just think about how quickly we all learned to use Teams, Zoom and Google Meet.

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