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New Pearson research shows Generative AI could help US workers save 78 million hours a week by 2026
prnewswire.com· 2024-05-22 04:01
Core Insights - The research from Pearson highlights the significant potential of Generative AI to enhance workplace productivity by saving US workers 78 million hours weekly on routine tasks [1][3][5] Group 1: Generative AI Impact - Generative AI can effectively support tasks related to record maintenance, data collection, and information compilation [3][6] - By 2026, the top ten job tasks in the US that will save the most hours through Generative AI include maintaining health records, developing educational programs, and preparing legal documents [8] Group 2: Workforce Reallocation - The integration of Generative AI allows companies to reallocate time towards high-value tasks such as strategic thinking, collaboration, and innovation [3][5] - Employers are encouraged to redesign roles and provide training to help employees utilize Generative AI effectively [5] Group 3: Future of Work - The study envisions a collaborative future where Generative AI enhances human potential, allowing workers to achieve better work-life balance [4][5] - Pearson's analysis utilized extensive workforce datasets to assess the current and future impact of Generative AI on various job tasks [5][6]
Pearson augments nursing content with generative AI study tools to improve nursing education and address shortages
prnewswire.com· 2024-05-17 12:00
Core Insights - Pearson has announced the integration of AI study tools into its Nursing: A Concept-Based Approach to Learning series, enhancing the learning experience for nursing students and educators [1][2] Company Developments - The AI study tools utilize generative AI technology to provide personalized support, helping students with homework problems and offering tailored explanations and practice problems [2][5] - The beta version of these AI study tools will be available in Pearson+ eTextbook and MyLab Nursing course by Fall 2024, allowing instructors to design courses and monitor student progress in real time [2][4] Industry Context - The U.S. is facing significant shortages of nurses and nurse educators, with a report indicating a need for a substantial increase in the nursing workforce to care for an aging population [3] - The concept-based nursing curriculum focuses on key concepts for a holistic understanding of nursing, which is essential for developing clinical reasoning skills [4] Educational Impact - A survey indicated that 75% of students found the AI study tools helpful or very helpful, demonstrating strong engagement with the technology [5] - The integration of AI tools is expected to support nurse educators in scaling their teaching efforts and improving the efficiency of nursing education [2][6] Future Plans - Pearson plans to integrate AI study tools into over 40 Pearson+ eTextbooks and MyLab and Mastering titles across various subjects, including math, science, business, and nursing by August 2024 [6]
Pearson(PSO) - 2023 Q4 - Annual Report
2024-03-13 16:00
Strategic progress. Sustainable profitable growth. Annual report and accounts 2023 We are the world's leading learning company Strategic report | At a glance | 2 | | --- | --- | | Chair's note | 3 | | Chief Executive's review | 6 | | Divisional overviews | 8 | | 2023 highlights | 11 | | Strategic priorities | 12 | | Divisional spotlights | 14 | | Stakeholder engagement | 16 | | Business model | 22 | | Key performance indicators | 24 | | Financial review | 26 | | Sustainability | 34 | | ESG data | 49 | | Ris ...
Pearson(PSO) - 2023 Q4 - Annual Report
2024-03-13 16:00
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 14, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period ...
Pearson(PSO) - 2024 Q1 - Quarterly Report
2024-02-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 PEARSON plc (Exact name of registrant as specified in its charter) N/A (Translation of registrant's name into English) 80 Strand London, England WC2R 0RL 44-20-7010-2000 (Address of principal executive office) Indicate by check mark whether the Registrant files or will file annual reports unde ...
Pearson(PSO) - 2023 Q3 - Earnings Call Transcript
2023-10-30 15:30
Conference Call Participants Andy Bird As a result of this continued sales growth and focus on efficiency and operating margins, we are upgrading our full year guidance for adjusted operating profit by GBP 20 million to between GBP 570 million and GBP 575 million. In Assessment & Qualifications, the integration of PDRI continues to progress well with a number of new contract wins for assessment services across the U.S. federal government, including the Department of Homeland Security and the United States A ...
Pearson(PSO) - 2023 Q2 - Earnings Call Transcript
2023-07-31 17:33
Joanne Russell Can we take the next question from Nick. Nick Dempsey It's Nick Dempsey from Barclays. I've got three left, please. So first of all, can you maybe explain in a bit more detail the exact change of strategy we're talking about in Workforce Skills? So in other words, what you were hoping to achieve with the skills platform and what you're currently now hoping to achieve and why that is a change to your hopes for revenue growth? That's the first question. Second one on cash flow. It was pleasing ...
Pearson(PSO) - 2023 Q2 - Earnings Call Presentation
2023-07-31 12:36
• Recognition for PTE by Canadian government for both economic migration and Student Direct Stream increases market opportunity Forward-looking statements There are a number of factors which could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including a number of factors outside Pearson's control. These include international, national and local conditions, as well as competition. Any forward-looking statements speak only as o ...
Pearson(PSO) - 2022 Q4 - Annual Report
2023-03-30 16:00
[FORM 6-K Filing Information](index=1&type=section&id=FORM%206-K%20Filing%20Information) [Report Identification](index=1&type=section&id=Report%20Identification) This section identifies the document as a Form 6-K report filed by Pearson plc with the SEC, indicating it's a report of a foreign private issuer - The document is a Form 6-K, a report for foreign private issuers, filed by PEARSON plc[1](index=1&type=chunk) [Issuer and Notifying Party Details](index=1&type=section&id=Issuer%20and%20Notifying%20Party%20Details) [Issuer Identification](index=1&type=section&id=Issuer%20Details) This section provides the identification details for Pearson plc, the issuer of the shares Pearson plc Issuer Details | Detail | Value | | :----- | :---- | | ISIN | GB0006776081 | | Name | PEARSON PLC | | Type | UK Issuer | [Notifying Party Identification](index=2&type=section&id=Details%20of%20person%20subject%20to%20the%20notification%20obligation) This section identifies BlackRock, Inc. as the entity subject to the notification obligation, along with its registered office - The person subject to the notification obligation is BlackRock, Inc., with its registered office in Wilmington, USA[3](index=3&type=chunk)[4](index=4&type=chunk) [Notification of Major Holdings (TR-1)](index=1&type=section&id=TR-1%3A%20Standard%20form%20for%20notification%20of%20major%20holdings) [Reason and Dates of Notification](index=1&type=section&id=Reason%20for%20Notification) BlackRock, Inc. notified Pearson plc of a decrease in its holding due to a client instruction regarding voting rights, with the threshold crossed on March 30, 2023, and notification sent on March 31, 2023 - The notification was due to a decrease in holding following a client instruction to elect for decision-making on voting rights[3](index=3&type=chunk) Notification Dates | Event | Date | | :---- | :--- | | Threshold Crossed | 30-Mar-2023 | | Issuer Notified | 31-Mar-2023 | [Total Positions of Notifying Party](index=2&type=section&id=Total%20positions%20of%20person%28s%29%20subject%20to%20the%20notification%20obligation) This section details BlackRock, Inc.'s total voting rights and financial instrument holdings in Pearson plc, showing a slight decrease from the previous notification Total Positions of BlackRock, Inc. in Pearson plc | Metric | Resulting Situation (% of voting rights) | Previous Notification (% of voting rights) | | :----- | :--------------------------------------- | :----------------------------------------- | | Attached to Shares (8.A) | 9.990000 | 10.010000 | | Through Financial Instruments (8.B 1 + 8.B 2) | 1.370000 | 1.360000 | | Total (8.A + 8.B) | 11.360000 | 11.370000 | | Total Number of Voting Rights Held | 81487516 | (Not provided for previous) | - BlackRock, Inc.'s total voting rights decreased from **11.37% to 11.36%** compared to the previous notification[4](index=4&type=chunk) [Detailed Breakdown of Holdings](index=2&type=section&id=Notified%20details%20of%20the%20resulting%20situation%20on%20the%20date%20on%20which%20the%20threshold%20was%20crossed%20or%20reached) This section provides a granular breakdown of BlackRock, Inc.'s holdings, distinguishing between voting rights attached to shares and those held through various financial instruments [Voting Rights Attached to Shares](index=2&type=section&id=8A.%20Voting%20rights%20attached%20to%20shares) BlackRock, Inc. holds 9.99% of voting rights indirectly attached to Pearson plc shares (ISIN GB0006776081) Voting Rights Attached to Shares (8A) | Class/Type of shares ISIN code | Number of indirect voting rights (DTR5.2.1) | % of indirect voting rights (DTR5.2.1) | Sub Total 8.A | | :----------------------------- | :------------------------------------------ | :------------------------------------- | :------------ | | GB0006776081 | 71610016 | 9.990000 | 71610016 (9.990000%) | [Financial Instruments (DTR5.3.1R.(1)(a))](index=3&type=section&id=8B1.%20Financial%20Instruments%20according%20to%20%28DTR5.3.1R.%281%29%20%28a%29%29) BlackRock, Inc. holds 0.17% of voting rights through financial instruments like American Depository Receipts and Securities Lending, totaling 1,278,926 potential voting rights Financial Instruments (DTR5.3.1R.(1)(a)) | Type of financial instrument | Number of voting rights that may be acquired | % of voting rights | | :--------------------------- | :------------------------------------------- | :----------------- | | American Depository Receipt | 1278608 | 0.170000 | | Securities Lending | 318 | 0.000000 | | **Sub Total 8.B1** | **1278926** | **0.170000%** | [Financial Instruments (DTR5.3.1R.(1)(b))](index=3&type=section&id=8B2.%20Financial%20Instruments%20with%20similar%20economic%20effect%20according%20to%20%28DTR5.3.1R.%281%29%20%28b%29%29) BlackRock, Inc. holds an additional 1.20% of voting rights through financial instruments with similar economic effect, specifically CFDs, representing 8,598,574 voting rights Financial Instruments (DTR5.3.1R.(1)(b)) | Type of financial instrument | Physical or cash settlement | Number of voting rights | % of voting rights | | :--------------------------- | :-------------------------- | :---------------------- | :----------------- | | CFD | Cash | 8598574 | 1.200000 | | **Sub Total 8.B2** | | **8598574** | **1.200000%** | [Chain of Controlled Undertakings](index=3&type=section&id=Information%20in%20relation%20to%20the%20person%20subject%20to%20the%20notification%20obligation) This extensive section lists the full chain of controlled undertakings through which BlackRock, Inc. effectively holds its voting rights and/or financial instruments in Pearson plc, detailing multiple chains of subsidiaries - BlackRock, Inc. holds its voting rights and financial instruments through numerous controlled undertakings, with one specific chain (Chain 3, BlackRock Investment Management (UK) Limited) showing a combined holding of **5.84%** (**5.01%** voting rights + **0.83%** financial instruments)[8](index=8&type=chunk)[9](index=9&type=chunk) [Additional Information and Signatures](index=8&type=section&id=Additional%20Information%20and%20Signatures) [Contact and Completion Details](index=8&type=section&id=Additional%20Information) This section provides contact information for BlackRock's regulatory reporting team and details the date and place of completion for the notification - The notification was completed on **March 31, 2023**, in London, U.K., with contact information provided for BlackRock Regulatory Threshold Reporting Team[14](index=14&type=chunk) [Signatures](index=8&type=section&id=SIGNATURE) The report is duly signed on behalf of Pearson plc by Natalie White, Deputy Company Secretary, confirming compliance with the Securities Exchange Act of 1934 - The report was signed by Natalie White, Deputy Company Secretary of Pearson plc, on **March 31, 2023**, in accordance with the Securities Exchange Act of 1934[15](index=15&type=chunk)[16](index=16&type=chunk)
Pearson(PSO) - 2022 Q4 - Annual Report
2023-03-30 16:00
Table of Contents ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 31, 2023 for the fiscal year ended December 31, 2022 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) PEARSON PLC (Exact name of Registrant as specified in its charter) England and Wales (Jurisdicti ...