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What businesses will love about AI agents

What businesses will love about AI agents

What businesses will love about AI agents
AI agents push organizations and business leaders to be better versions of themselves. (AFP photo)
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As we journey through what many have dubbed the “Year of AI” it seems that most, if not all, organizations have one thing in common: we are getting serious about artificial intelligence agents.

In fact, Deloitte predicts that this year 25 percent of companies that use generative AI will launch agentic AI pilots or proofs of concept, and this number will grow to 50 percent by 2027. 

AI agents have quickly passed the compatibility test and are destined to become devoted partners for business leaders.

AI agents are the future of autonomous work for organizations. They help increase the speed and accuracy of business processes by automating workflows. This includes processing high volumes of data, performing real-time analyses, and executing multi-step, end-to-end processes.

Take, for example, the process of onboarding suppliers, logistics providers, or government authorities. This has traditionally been a laborious financial process with multiple manual steps, but that is about to change. AI agents can help finance teams by reviewing images or PDFs and quickly standardizing and converting these documents into requisitions, invoices, or payment instructions ready for employee review and approval.

The best part is that with AI agents autonomously and successfully executing frequent, repetitive tasks, employees can focus their time on more strategic initiatives. In fact, according to a recent survey from Capgemini, 64 percent of companies expect agents to free up people from repetitive tasks so they can focus on value-added functions, and a Boston Consulting Group report predicts AI will result in long-term productivity gains of up to 60 percent.

This level of assisted automation is a productivity multiplier and enables organizations to reimagine how work is done across their entire business, including finance, supply chain, HR, sales, marketing, and service.

No two relationships are the same — likewise with AI agents, which are unique in that they have the capability to learn from previous interactions and deliver personalized guidance and recommendations. This ability to continuously adapt makes AI agents particularly valuable, as they are optimized to help employees with very specific role-based tasks and responsibilities. 

By utilizing and experimenting with AI systems, business leaders are building the muscle and platform for continuous innovation.

Miranda Nash

For example, a role-based AI agent can help guide employees through HR workflows in response to significant life changes. Whether this is having a child or getting married, the AI agent can help employees take action to update their employee profiles, beneficiary claims, and better understand their new benefits packages based on personal milestones.

Another good example is in sales. An AI agent can help a sales rep produce a uniquely personalized account summary including recent activity, sentiment, and contract status. The agent can then use this overview to draft tailored customer emails that a sales rep can easily edit to match their desired tone.

AI agents are still making their way into day-to-day business operations, but as agentic systems become more accessible and sophisticated, they are transforming how organizations work and solve problems.

In the near future, we will see more mature systems with multiple autonomous AI agents working together to accomplish complex tasks and achieve shared goals. This means AI agents will collaborate with people and each other across business applications and productivity and collaboration tools bringing automation to tasks and processes that were previously out of reach and making work more enjoyable for millions of employees.

These types of agentic workflows will significantly enhance the impact of AI agents and enable organizations to move from making incremental improvements to driving business-wide transformations.

AI agents push organizations and business leaders to be better versions of themselves. By utilizing and experimenting with AI systems, business leaders are building the muscle and platform for continuous innovation.

The more business leaders use, test, and iterate with AI the better they will be at truly optimizing AI to drive quantifiable business value. Organizations that embrace AI agents will be on track to unlock new levels of productivity and accelerate business performance, while organizations that don’t will get left behind.

Now is the time to get serious and take things with AI to the next level. All signs are pointing to a long-lasting relationship that will benefit every organization.

Miranda Nash is group vice president of applications development and strategy at Oracle

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

KSrelief clinics help refugees in Jordan

KSrelief clinics help refugees in Jordan
Updated 4 min 4 sec ago

KSrelief clinics help refugees in Jordan

KSrelief clinics help refugees in Jordan

AMMAN: The clinics of the King Salman Humanitarian Aid and Relief Center provided healthcare services to 2,789 patients in Zaatari camp for Syrian refugees in Jordan during the first week of May.

The general medicine clinics received 778 patients, while the internal medicine clinic treated 128 patients with diabetes, high blood pressure, and asthma.

The pediatric clinics received 226 children, 131 patients visited dental clinics, and 312 women were treated by the two women’s health clinics.

The ear, nose, and throat clinic received 66 patients suffering from sinusitis, pharyngitis, tonsillitis, and middle ear infections. The ophthalmology clinic saw 37 patients.

The cardiology clinic received 15 patients, the diagnostic radiology clinic received 37 patients, and the rehabilitation medicine clinic also treated 37 patients.

A total of 3,245 laboratory tests were conducted for 284 patients, and 217 imaging procedures, including X-ray and ultrasound examinations, were performed for 184 patients. 


Shanghai Film Festival: Ƶ to boost cultural cooperation with China

Shanghai Film Festival: Ƶ to boost cultural cooperation with China
Updated 27 min 31 sec ago

Shanghai Film Festival: Ƶ to boost cultural cooperation with China

Shanghai Film Festival: Ƶ to boost cultural cooperation with China

RIYADH: The Saudi Film Commission has announced its participation in the Shanghai International Film Festival, which will be held from June 13 to 22 in Shanghai, China.

The event is the largest film festival in China and the only Chinese festival accredited by the International Federation of Film Producers Associations.

By participating, the commission aims to enhance cultural cooperation, strengthen international ties, and promote the visual and geographic richness of the Kingdom’s film locations. It also plans to explore co-production and distribution opportunities for Saudi films in the Chinese market.

The Saudi pavilion will be a platform to display the commission’s programs and initiatives, engage with industry professionals, and highlight the creative and commercial potential of the Kingdom’s film sector.

This participation underscores the commission’s commitment to supporting the Kingdom’s film industry by engaging with key international platforms, empowering local talent, and fostering global cultural exchange.


Pakistan central bank expected to hold policy rate in June 16 meeting – survey

Pakistan central bank expected to hold policy rate in June 16 meeting – survey
Updated 30 min ago

Pakistan central bank expected to hold policy rate in June 16 meeting – survey

Pakistan central bank expected to hold policy rate in June 16 meeting – survey
  • 56 percent survey respondents predict no change, 44 percent expect rate cut amid moderate inflation outlook
  • Bank has cut rate by 1,000 basis points since June 2024 from all-time high of 22% before holding it in March

ISLAMABAD: Pakistan’s central bank is likely to keep its benchmark interest rate unchanged at 11 percent in its upcoming monetary policy meeting next week, according to a survey conducted by brokerage firm Topline Securities.

The bank had cut the rate by 1,000 basis points since June 2004 from an all-time high of 22 percent before holding it in March, citing the risk of price rises including from increased US tariffs.

In May, the central bank cut its key policy rate by 100 basis points to 11 percent, citing an improved inflation outlook and resuming a series of cuts from a record high of 22 percent.

“56 percent of market participants expect a status quo in the upcoming monetary policy meeting, compared to 31 percent in the previous poll,” Topline Securities said in a market note, releasing the results of its survey.

“44 percent of participants anticipate a further rate cut of at least 50 basis points. Of these, 19 percent expect a 50 bps cut and 25 percent foresee a 100 bps cut.”

The brokerage house said analysts believed the SBP may have space to ease the policy rate further by up to 100 basis points, with inflation for fiscal year 2025–26 forecast to average between 6 and 7 percent.

However, it said the likelihood of near-term rate cuts was tempered by external headwinds such as rebounding global crude oil prices, ongoing tensions in the Middle East, and uncertainty around a potential US-China trade agreement.

“Some major notifications are also expected before the start of the next fiscal year— such as gas and electricity price adjustments,” the report said.

“The inflationary impact of these measures is yet to be assessed and absorbed. That said, we believe the central bank will observe the status quo in the upcoming meeting.”

Topline’s survey also found that 58 percent of respondents expect the interest rate to remain above 10 percent through December 2025, while 42 percent foresee a range between 8 and 10 percent.

On inflation expectations, 69 percent believe average inflation will range between 6 and 8 percent in the next fiscal year, 20 percent expect it to hover between 8 and 10 percent, and 11 percent forecast inflation falling below 6 percent.

Separately, the SBP confirmed that its next Monetary Policy Committee (MPC) meeting will be held on Monday, June 16, as scheduled.

The meeting is being closely watched by investors and market analysts amid changing domestic and global economic conditions. While the May rate cut signaled the beginning of a monetary easing cycle, rising external risks and upcoming fiscal adjustments may prompt a more cautious stance from the central bank.


Sweden accuses Israel of war crimes over Gaza aid blockade

Sweden accuses Israel of war crimes over Gaza aid blockade
Updated 34 min 23 sec ago

Sweden accuses Israel of war crimes over Gaza aid blockade

Sweden accuses Israel of war crimes over Gaza aid blockade
  • Lifesaving humanitarian help must never be politicized or militarized, Foreign Minister Maria Malmer Stenergard says

STOCKHOLM: Israel’s refusal to allow humanitarian aid into Gaza and its targeting of aid distribution points is causing civilians to starve, which constitutes a war crime, Sweden’s foreign minister said on Thursday.

In early June, UN human rights chief Volker Turk said deadly attacks on civilians around aid distribution sites in the Gaza Strip constituted “a war crime,” while several rights groups, including Amnesty International, have accused Israel of genocide.
Israel has vehemently rejected that term.
“To use starvation of civilians as a method of war is a war crime. Lifesaving humanitarian help must never be politicized or militarized,” Maria Malmer Stenergard said at a press conference.
“There are strong indications right now that Israel is not living up to its commitments under international humanitarian law,” she said.
“It is crucial that food, water, and medicine swiftly reach the civilian population, many of whom are women and children living under wholly inhumane conditions,” she said.
Sweden announced in December 2024 that it was halting funding to the UN’s Palestinian refugee agency, UNRWA, after Israel banned the organization, accusing it of providing cover for Hamas militants.
Swedish International Development Minister Benjamin Dousa told Thursday’s press conference that Stockholm was now channeling aid through other UN organizations, and was “the fifth-biggest donor in the world ... (and) the second-largest donor in the EU to the humanitarian aid response in Gaza.”
The country’s humanitarian aid to Gaza since the start of the war in October 2023 currently amounts to more than 1 billion kronor ($105 million), while funding earmarked for Gaza for 2025 totals 800 million kronor, he said.
Meanwhile, the Palestinian Authority said Internet and fixed-line communication services were down in Gaza following an attack on the territory’s last fiber optic cable.
“All Internet and fixed-line communication services in the Gaza Strip have been cut following the targeting of the last remaining main fiber optic line in Gaza,” the PA’s Telecommunications Ministry said in a statement, accusing Israel of attempting to cut Gaza off from the world.
“The southern and central Gaza Strip have now joined Gaza City and the northern part of the Strip in experiencing complete isolation for the second consecutive day,” the ministry said  in a statement.
It added that its maintenance and repair teams had been unable to safely access the sites where the fiber optic cable  was damaged.
“The Israeli occupation continues to prevent technical teams from repairing the cables that were cut yesterday,” it said, adding that Israeli authorities had prevented repairs to other telecommunication lines in Gaza “for weeks and months.”
The Palestinian Red Crescent said the communication lines were “directly targeted by occupation forces.”
It said the Internet outage was hindering its emergency services by impeding communication with first responder teams in the field.
“The emergency operations room is also struggling to coordinate with other organizations to respond to humanitarian cases.”
Maysa Monayer, spokeswoman for the Palestinian Communication Ministry, said that “mobile calls are still available with very limited capacity” in Gaza for the time being.
Now in its 21st month, the war in Gaza has caused massive damage to infrastructure across the Palestinian territory, including water mains, power lines and roads.


What We Are Reading Today: Freedom Season by Peniel E. Joseph

What We Are Reading Today: Freedom Season by Peniel E. Joseph
Updated 40 min ago

What We Are Reading Today: Freedom Season by Peniel E. Joseph

What We Are Reading Today: Freedom Season by Peniel E. Joseph

In Freedom Season,  Peniel E. Joseph offers a stirring narrative history of 1963, marking it as the defining year of the Black freedom struggle.
By year’s end the murders of John F. Kennedy, Medgar Evers, and four Black girls at a church in Alabama left the nation determined to imagine a new way forward. “Freedom Season” shows how the upheavals of 1963 planted the seeds for watershed civil rights legislation and renewed hope in the promise and possibility of freedom.