The author emphasizes that the world is largely unprepared for the magnitude of change AI might bring. They argue that companies that approach generative AI with excitement and openness to its potential will be the winners in the next decade. The article concludes by urging companies to see AI as a partner in progress and growth, and to seize the opportunity it presents for a better and more secure future.
Key takeaways:
- The progress made in AI capabilities from 2021 to 2023 is seen as extraordinary, with 77% of businesses using or exploring AI.
- A PwC study states that AI could contribute up to $15.7 trillion to the global economy by 2030, and a 26% boost in GDP for local economies in that same timeframe.
- The predicted 0.2-3.3% increase in productivity due to automation and AI seems to be a severe underestimation given the potential of the technology. McKinsey also predicts 15 percent of the global workforce, could be displaced by automation by 2030.
- The World Economic Forum predicts that AI will replace 85 million jobs worldwide by 2025, but it will also create 97 million new jobs. However, there is concern about whether the workforce is being adequately prepared to fill these roles.