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AI And Automation: The Future Of Economic Prosperity Lies In Three Crucial Mindset Shifts

Jan 11, 2024 - forbes.com
The article discusses the potential of artificial intelligence (AI), particularly generative AI, to drive business transformation and economic growth. The author argues that AI is not a problem but a solution to many challenges faced by leaders, such as driving innovative solutions, accounting for economic uncertainty, and making progress with growth and efficiency initiatives. AI can also level the playing field for workers by reducing tactical, repetitive tasks and allowing them to focus on higher-value, strategic work.

However, the author also acknowledges the risks and concerns associated with AI, emphasizing the need for responsible AI deployment, strong governance, and security. The author suggests that the economic benefits derived from AI could be invested in efforts to support those who are impacted, similar to how Norway invests its oil revenue in social services. The author concludes by stating that changing the way we work with the help of AI requires changing our mindsets, starting at the top.

Key takeaways:

  • AI, including generative AI, is not the problem but the solution to many challenges that leaders face. It can help plan for different economic scenarios, free up talent to focus on innovation, and offer solutions that may not have been considered.
  • AI will define the leaders and the laggards in the future. It can level the playing field for workers by reducing tactical, repetitive tasks and allowing workers to focus on higher-value, more strategic work.
  • Responsible AI deployment requires strong governance and security. It is important to anticipate and account for the impact of AI on people and jobs, and affected talent will need to be reskilled, upskilled and redeployed.
  • The economic benefit from AI could be invested in efforts to support those who are impacted. The wealth generated from AI could be used to improve the average quality of life globally, similar to how Norway invests its oil revenue.
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