EXECUTIVE INSIGHT
“ It is encouraging to see how quickly the world is reacting to AI , not only through regulation but also through the technology itself ”
In many ways , the advent of AI can be likened to the Industrial Revolution . The Industrial Revolution brought about irreversible transformative change that laid the foundations for the world as we know it today . It not only moved the workforce from agricultural to industrial – it also increased the employment opportunity and number of jobs available for both the skilled and the unskilled and allowed society to advance .
It is important to understand the fundamental shift behind AI is that we are moving from workflowdriven technology to objective-driven technology . It is a completely new framework for enterprise management and decision-making that challenges traditional ways of working .
Like the Industrial Revolution , AI will mean that jobs and roles will evolve . I am excited by the new types of jobs that it will create , particularly for medium or low-skilled workers , removing repetitive or mundane tasks and opening new opportunities for this group .
In doing so , generative AI tools can reduce barriers to entry for high-skilled or time-consuming jobs such as software engineering , for example , enabling many
more individuals to enter these markets . With greater democratisation and reduced barriers to entry , the diversity of people working in industries should increase promoting inclusive growth .
A leap in productivity should also translate into human well-being . Personally , I am excited about the potential of AI to promote a real change to work-life balance , propelling us forward in terms of efficiency and giving workers more freedom and choice , by removing time-consuming routine tasks . So much of this is dependent on how we choose to value and implement AI , however .
Q . WHY IS PUTTING PEOPLE AT THE CENTRE OF AI KEY TO ITS SUCCESS ?
» With the fundamental shift that AI brings , moving us towards objective-
20 May 2024