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AI In The Workplace: How Companies Are Reshaping Decision-Making

Rethinking The AI And Human Interaction Paradigm

As valuations and adoption grow, artificial intelligence continues to reshape the labor landscape. Recent studies, such as those from MIT Sloan and insights from Goldman Sachs, suggest that while AI automates numerous tasks, its role may be largely transitional. Some experts even assert that AI will not so much replace roles as it will transform them, creating new opportunities in the process.

Human Oversight Remains Central

David Shim, CEO of Read AI, said at Web Summit Qatar that human judgment remains essential when using AI tools. Drawing a comparison to the evolution of navigation systems from paper maps to digital platforms like Waze and Google Maps, he argued that people will continue to play a central role in decision-making even as technology becomes more advanced.

Substitution Of Tasks, Not Talent

Industry leaders increasingly describe AI as a tool that changes workflows rather than replaces professionals. Abdullah Asiri, founder of Lucidya, said AI-driven customer support shifts routine tasks to automation, allowing employees to focus on supervision, relationship management, and strategic work. This transition is helping companies improve productivity while maintaining human expertise where it matters most.

In-House Productivity Amplified

Companies such as Read AI and Lucidya report operational improvements through AI integration. Read AI uses data from platforms like HubSpot and Salesforce to help predict deal outcomes and support faster sales decisions. Lucidya applies AI to meeting analysis and marketing workflows, helping teams scale output without significantly increasing headcount.

Navigating Customer Perceptions

Changing customer perceptions also plays a critical role. While early apprehension about AI notetakers was common, both Shim and Asiri note a shift toward acceptance, provided that customers maintain control over data recording and privacy. As Asiri succinctly puts it, the priority remains efficient problem resolution. Whether the solution is delivered by an AI agent or a human professional is secondary if issues are addressed swiftly and accurately.

Looking Forward

As AI becomes more integrated into everyday business operations, companies are placing greater emphasis on developing AI-literate teams capable of managing and guiding these tools. The focus is shifting toward adapting roles and workflows rather than replacing workers, with organizations aiming to balance efficiency, oversight, and long-term competitiveness.

Cyprus Banking Trends: Lower Deposit And Lending Rates Amid New Loan Surge

Market Overview

The Central Bank of Cyprus reported lower deposit and lending rates in February 2026, alongside an increase in new loan activity. Data from the March 2026 monetary and financial statistics show continued adjustment in borrowing costs and credit demand.

Deposit And Lending Dynamics

Household deposit rates declined to 1.19% from 1.20%, while rates for non-financial corporations fell to 1.19% from 1.34%. On the lending side, consumer credit rates decreased to 7.12% from 7.20%, and housing loan rates dropped to 3.45% from 3.70%.

Corporate borrowing costs also declined, with rates for loans up to €1 million falling to 4.22% from 4.32%, and loans above €1 million decreasing to 4.15% from 4.34%. These changes indicate easing financing conditions across segments.

Sectoral Shifts In Loan Activity

New lending increased to €328.7 million in February from €247.3 million in January. Consumer loans rose to €20.1 million from €18.9 million, while housing loans increased to €115.1 million from €95.7 million.

Corporate lending also expanded, with loans up to €1 million rising to €47.5 million from €40.1 million. Larger loans exceeded €137.3 million, up from €88.1 million, indicating stronger business demand.

Eurozone Comparison And Monetary Transmission

Loan rates in Cyprus remain close to the eurozone median, with no spread for households and a 0.4% spread for non-financial corporations. Monetary policy transmission is broadly aligned with other eurozone economies. Transmission to corporate lending is weaker compared with other member states. This difference reflects structural factors in the domestic banking system.

Impact Of Excess Liquidity And Deposit Rates

Deposit rates remain among the lowest in the eurozone due to high liquidity levels in the banking system. The Liquidity Coverage Ratio reached 319% in December 2025, compared with an EU median of 192% and an average of 161%. Excess liquidity and market size contribute to the slower adjustment of deposit rates. Banks continue to pass on rate changes more gradually compared with lending rates.

Evolving Loan Structures And Risk Management

The share of new housing loans with variable rates declined to 15.7% from nearly 100% in early 2022. Borrowers are increasingly choosing fixed-rate structures before transitioning to floating rates. Across all lending categories, the share of floating-rate loans dropped to 53.4% from near full adoption in 2022. These shifts indicate changing risk preferences and require adjustments in bank risk management.

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