AI Consultant Urges Business Executives to Embrace Artificial Intelligence or Face Extinction
In a stark warning to company executives, Saudi AI consultant Mohammed Alqarni has emphasized the importance of adopting artificial intelligence technologies to remain competitive in the ever-evolving business landscape. Alqarni, an academic and CEO of the Saudi AI consultancy firm Foresighted, believes that failure to embrace AI could lead to being outmoded and ultimately driven out of business by more agile competitors.
Understanding the Impact of AI on Business
Alqarni works closely with top executives to enhance their understanding of AI’s advantages and limitations, develop innovative business models, and integrate AI technologies into their strategic plans. He emphasizes the importance of educating business leaders on what AI can and cannot do, highlighting the need for a nuanced approach to AI implementation.
The Rise of Generative AI and Organizational Transformation
Alqarni is spearheading the development of a “generative AI organizational transformation framework” that considers key impact areas of AI, including automation’s effect on various job roles, especially top managerial positions. He notes that higher-skilled roles are more likely to be impacted by AI, while the impact decreases for more operational tasks.
The Urgency of AI Adoption
Alqarni stresses that AI is no longer optional for businesses and is essential for staying competitive in today’s market. He warns that executives who fail to utilize AI risk being pushed out of business by more forward-thinking competitors. To avoid falling behind, Alqarni encourages business leaders to start experimenting with AI immediately and create a culture of innovation within their organizations.
Redefining Job Roles in the Age of AI
Despite concerns about job displacement due to AI, Alqarni believes that the transition will ultimately lead to the creation of new job opportunities. Drawing parallels with historical industrial revolutions, he predicts that the job market will adjust to accommodate the changes brought about by AI. He emphasizes the importance of re-skilling and up-skilling the workforce to ensure job security in the face of technological advancements.
Preparing for the Future of Work
Alqarni calls for proactive planning in Saudi Arabia to prepare young workers for the evolving job market impacted by AI. He suggests that Vision 2030 programs should prioritize understanding AI’s impact on future job prospects to align job creation with market demand effectively.