Fortune in a.i. only for the brave

Recently, I met up with some old friends in Singapore and HK who are CTO, CIO, Directors, etc. Some lead Asia teams. Some run AI startups. We spoke about AI and automation's effect on business. We all agreed are in the midst of an extraordinary era of technological transformation, one that is accelerating at an unprecedented pace. Innovations in tech startups, engineering, pharmaceuticals, clean energy, IT infrastructure & communications, biotechnology and nanotechnology are converging to enhance our lives, making them longer, healthier, and more fulfilling.

These AI-driven advancements are revolutionizing work and employment in 5 significant ways:
1. Enhanced Productivity: New technologies are making workers and workplaces more productive and efficient.
2. Improved Quality and Safety: They are elevating the quality, safety, and reliability of established work processes.
3. New Business Opportunities: They are creating significant business opportunities, leading to the emergence of jobs that never existed before.
4. Disruption of Established Processes: They can disrupt or even obliterate established business processes, resulting in job losses and diminished work opportunities.
5. Changing Work Locations: Remote working becomes the norm. Virtual work teams and locations increase.

These AI advancements are profoundly disruptive and create "multiplier" effects on work-in-progress. They create winners and losers among organizations and their people. The future impact of these technologies is often unpredictable, making it challenging and risky to plan for their adoption. However, there is no alternative but to embrace them, as their influence raises the competitive stakes. Failing to respond thoughtfully and effectively can swiftly lead to a business’s decline or even its demise.

"audentes fortuna iuvat” or “fortune favors the bold"— This new era of AI is a call to action, a reminder that greatness doesn't come to those who wait but to those who dare.
hashtag#AI hashtag#startups hashtag#innovation hashtag#CHATGPT hashtag#LLM hashtag#CHATBOTS hashtag#artificialintelligence hashtag#machinelearning hashtag#datascience hashtag#robotics hashtag#innovation hashtag#bigdata hashtag#business hashtag#datascientist hashtag#automation hashtag#ml hashtag#digitaltransformation