Generative Artificial Intelligence’s Impact on New Jersey’s Technology and Life Sciences Sectors: A Literature Review
Generative artificial intelligence (GenAI) is a machine-learning technology that uses reasoning, problem-solving, and creativity to generate new, original content from inputted text, audio and visual media, and other forms of data. The deployment of GenAI will transform products and processes in businesses and governmental agencies across the world, having profound impacts on work, workers, and organizations.
A new report from the Heldrich Center for Workforce Development offers an overview of the impact of GenAI on work in the United States, and how GenAI may affect workers and employers in the life sciences and technology sectors of the economy and in New Jersey. The report considers both possible and actual use cases of GenAI for these sectors and highlights the ways in which the technology is being explored and/or has been adopted by New Jersey businesses and organizations. This report also samples survey data and highlights recent initiatives, partnerships, and events hosted by life sciences and technology organizations in the New York tri-state area. Finally, the report summarizes the considerations that workers, employers, and policymakers might make and actions they could consider taking to support the successful implementation of GenAI in the workplace, including ideas about reskilling, training, and policy.
The report was written by Jessica Starace, Survey Research Manager at the Heldrich Center.