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Irish Businesses Invest in AI Translation Skills A Fifth Create New Roles

Irish Businesses Invest in AI Translation Skills A Fifth Create New Roles - 55% of Irish Businesses Seek External AI Expertise in 2024

This trend reflects the complex nature of AI integration and the high demand for specialized skills in the field.

Notably, 54% of Irish businesses are investing in AI training for their existing workforce, while a fifth have created new roles specifically dedicated to AI deployment and management, highlighting the growing importance of AI capabilities across various sectors.

The creation of new roles for AI implementation by 19% of Irish businesses indicates a structural shift in organizational hierarchies, with potential long-term impacts on job markets and education systems.

Despite high demand for AI expertise, only 54% of Irish businesses are investing in AI training for existing employees, suggesting a preference for immediate solutions over long-term capability building.

The complex AI integration landscape is driving businesses to seek external help, highlighting the need for standardized AI implementation frameworks and best practices specific to the Irish market.

While 77% of Irish business leaders expect a positive economic impact from generative AI, the disparity with only 55% believing it will increase jobs points to anticipated productivity gains potentially outweighing job creation.

The focus on external AI expertise acquisition may lead to a concentration of AI capabilities in consultancy firms, potentially creating a dependency cycle for Irish businesses in the AI sector.

Irish Businesses Invest in AI Translation Skills A Fifth Create New Roles - KPMG Ireland Launches European AI Hub in Dublin Creating 200 Jobs

KPMG Ireland has launched a new European AI Hub in Dublin, creating 200 jobs over the next three years.

The hub will focus on areas such as artificial intelligence, risk regulatory services, and cybersecurity, providing a platform for clients to explore and develop AI solutions.

This launch reflects KPMG's commitment to supporting Irish businesses in navigating the increasing use of AI and upcoming regulations in the EU.

The new AI Hub will leverage a collaboration between KPMG, AI security and trust firm Cranium, and tech giant Microsoft, bringing together complementary expertise.

The 200 new jobs to be created at the Hub will span not just AI, but also risk, regulatory services, and cybersecurity - showcasing the wide-ranging applications of AI.

KPMG's investment in the Dublin-based EU AI Hub underscores Ireland's growing prominence as a hub for AI innovation and talent, despite its relatively small size.

The Hub will provide a platform for Irish businesses to explore and develop customized AI solutions, tailored to their specific challenges and regulatory environments.

By embedding Cranium's AI security and trust technologies within the Hub, KPMG aims to address the critical need for responsible and ethical AI deployment among its clients.

The collaboration with Microsoft is expected to leverage the tech company's extensive AI capabilities and cloud infrastructure, further enhancing the Hub's technical capabilities.

The creation of this specialized AI Hub signals KPMG's strategic focus on positioning itself as a trusted advisor for Irish businesses navigating the complexities of AI integration and adoption.

Irish Businesses Invest in AI Translation Skills A Fifth Create New Roles - 19% of Irish Companies Create New AI Management Positions

Irish businesses are recognizing the growing importance of AI, with one in five (19%) companies creating new positions to help deploy and manage AI within their organizations.

This shift in organizational structure highlights the structural changes underway as Irish firms integrate AI into their operations.

More than half (55%) of Irish companies are turning to external expertise to support their AI deployments, indicating a preference for immediate solutions over long-term capability building.

The growth of AI talent in Ireland has been remarkable, with a over 500% increase in the share of AI professionals between 2016 and 2022, showcasing the country's potential as a hub for AI innovation.

The demand for AI skills in Ireland is outpacing the supply, with skills availability being the most significant obstacle to AI adoption among Irish businesses.

The creation of new AI-focused roles by 19% of Irish companies highlights a structural shift in organizational hierarchies, potentially leading to long-term impacts on job markets and education systems.

Despite the high expectations of positive economic impact from generative AI, the disparity between the anticipated productivity gains and job creation suggests potential challenges in translating technological advancements into employment opportunities.

The focus on external AI expertise acquisition by Irish businesses may lead to a concentration of AI capabilities in consultancy firms, potentially creating a dependency cycle for Irish companies in the AI sector.

KPMG's launch of a new European AI Hub in Dublin, in collaboration with AI security firm Cranium and tech giant Microsoft, underscores Ireland's growing prominence as a hub for AI innovation and talent.

Irish Businesses Invest in AI Translation Skills A Fifth Create New Roles - Irish AI Talent Pool Grows 285% from 2021 to 2022

As of July 2024, the Irish AI talent pool has experienced explosive growth, with a 285% increase from 2021 to 2022.

This remarkable expansion reflects Ireland's strong position as a hub for AI research and innovation, particularly evident in the education sector where 63.6% of LinkedIn members working in AI were concentrated in 2022.

The surge in AI talent is not limited to men, with women in Ireland's AI workforce growing by 405% between 2016 and 2022, outpacing the 347% increase for men in the same period.

Ireland's AI talent density (09% of LinkedIn members) in 2022 surpassed the global average of 1%, positioning the country as a competitive hub for AI expertise.

The surge in AI talent has led to a skills mismatch, with 67% of Irish businesses reporting difficulties in finding qualified AI professionals.

Irish companies are increasingly adopting AI-powered Optical Character Recognition (OCR) technology, with a 43% increase in implementation from 2021 to

The demand for fast, low-cost AI translation services in Ireland has grown by 156% since 2021, driven by the need for efficient multilingual communication in global markets.

Despite the growth in AI talent, 72% of Irish businesses still rely on traditional human translation services for critical documents, citing concerns about AI accuracy.

The Irish government has allocated €85 million for AI research and development initiatives in 2024, aiming to further accelerate the growth of the country's AI ecosystem.

Irish Businesses Invest in AI Translation Skills A Fifth Create New Roles - Shalom Announces 300 New Tech Jobs with AI Focus

Shalom, a global business and technology consulting company, has announced plans to create 300 new tech jobs in Ireland over the next three to five years.

These positions will focus on emerging technologies like AI, Salesforce, data analytics, and business advisory services.

This move aligns with a broader trend in Ireland, where companies are increasingly investing in AI capabilities and creating specialized roles to manage and deploy AI technologies.

Shalom's investment in 300 new AI-focused tech jobs represents a 15% increase in Ireland's AI workforce, based on 2023 figures.

The company's decision to focus on AI aligns with Ireland's national AI strategy, which aims to position the country as a global leader in AI innovation by

Shalom's expansion is expected to generate €45 million in annual economic value for Ireland through direct and indirect employment.

The new roles at Shalom will include positions in natural language processing, computer vision, and machine learning, addressing key areas of AI development.

Shalom's investment comes at a time when Ireland's AI patent filings have increased by 40% year-over-year, indicating a surge in AI innovation.

The company plans to collaborate with Irish universities to develop custom AI curricula, potentially benefiting over 1,000 students annually.

Shalom's AI focus includes developing low-cost, high-speed translation solutions, with the goal of reducing translation costs by up to 70% for businesses.

The company's OCR technology has achieved a 8% accuracy rate in recent tests, surpassing industry standards for text recognition.

Shalom's AI-powered translation services can process up to 1 million words per hour, significantly outpacing human translators.

Despite the focus on AI, Shalom plans to maintain a human-in-the-loop approach for critical translations, acknowledging the continued importance of human expertise in certain contexts.

Irish Businesses Invest in AI Translation Skills A Fifth Create New Roles - 98% of Irish Business Leaders Expect AI to Transform Their Industry by 2027

As of July 2024, a staggering 98% of Irish business leaders anticipate AI will transform their industry by 2027, reflecting the rapid advancement and growing impact of artificial intelligence across sectors.

However, the disparity between anticipated productivity gains and job creation highlights potential challenges in translating technological advancements into widespread employment opportunities.

Irish business leaders are overwhelmingly confident in AI's transformative potential, with 98% expecting industry-wide changes by This high percentage suggests a rapid shift in mindset compared to previous years.

The creation of new AI-specific roles by 19% of Irish companies indicates a structural shift in organizational hierarchies.

This change could potentially reshape traditional business models and job descriptions across various sectors.

Despite high expectations for AI, only 60% of Irish organizations plan significant increases in AI resources over the next 3-5 years.

This disparity between expectations and investment plans raises questions about potential implementation challenges.

The anticipation of medium to high impact on business processes from generative AI chatbots by 90% of Irish executives suggests a focus on customer-facing applications.

This trend could lead to significant changes in customer service and interaction models.

While 99% of Irish executives agree that generative AI is ushering in a new era of intelligence, practical implementation seems to lag behind this enthusiasm.

This gap between perception and action could indicate barriers in technical expertise or infrastructure.

The inspiration of long-term strategy by AI for 86% of Irish businesses implies a shift towards data-driven decision-making.

This trend could potentially lead to more agile and responsive business models in the Irish market.

The high percentage (95%) of Irish businesses inspired by generative AI possibilities suggests a market ripe for innovation in content creation and product design.

This could lead to a surge in AI-assisted creative processes across industries.

The focus on AI for customer support by many Irish businesses indicates a potential shift in the job market for customer service roles.

This trend might necessitate reskilling programs for existing workers in these sectors.

The anticipated transformational change from generative AI chatbots by 39% of Irish executives suggests a significant disruption in traditional business communication models.

This could lead to new challenges in maintaining personalized customer relationships.

The disconnect between the 98% of leaders expecting industry transformation and the 60% planning significant AI resource increases suggests a potential underestimation of the investment required for meaningful AI integration.

The high expectations for AI's impact, coupled with the creation of new roles, indicates a potential skills gap in the Irish job market.

This could lead to increased competition for AI talent and potentially drive up salaries in the sector.