This report - AI in Action: Exploring the impact of AI on NZ's productivity, is produced by the AI Forum NZ in partnership with Victoria University Wellington and PR powered by heft.
It is the third biannual report and collates an overview of the impact AI is having on productivity across NZ. Since the first report in 2023, there has been growth in the use of AI with accompanying effects on work, the workforce and contributions to the economy.
The 3 page executive summary provides the main points. Key findings are then extended and discusses followed on by case studies.
In the businesses surveyed, 91% reported productivity gains, 50% view AI contributes to cost savings with 77% saying that there have been actual cost savings. However, less than 25% had savings over $50,000. Therefore consistent productivity gains.
Workforce impacts include increased job losses which reflect the country being in recession; 55% reported that new roles have been created; cost of setting up AI have reduced, strategic policy investments have been attained; operationally, AI cost less.
AI's introduction requires the building of trust across the workforce with AI literacy being a key and the need to ensure that there is inclusive engagement for all.
Overall, data that reports on growing adoption, settling in of organisations into understanding how AI can be leveraged to increase efficiencies, and acceptance of AI as inevitable part of current and future business activity.
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