As the biggest catalyst revolutionising industries and giving us solutions that we once considered inconceivable, AI is making waves for the better. Rather than the worse.
It’s not just about doing old things better, but about doing entirely new things.
And we can all agree that the excitement and optimism surrounding AI are more than tangible, and the implications for businesses are both profound and pervasive.
AI: A New Wave of Transformation
Artificial Intelligence is more than a buzzword; it’s the next wave of truly transformative technology.
In an article by Harvard Business Review, written by Christopher Young, comparisons are made between the two, with Young stating that “like ride-sharing needed smartphones, there are as-yet conceived industries that will need AI to get off the ground.”
Christopher’s colleague at Microsoft further illustrates AI’s transformative potential, saying, “You’ve got to use the ‘new thing’ to do old things better. Then, you use the new thing to … do new things.”
Indeed, AI isn’t only about enhancing existing processes, but also pioneering entirely new avenues.
AI in Healthcare: Saving Lives
One fascinating example of AI’s transformative potential comes from the healthcare industry.
Paige, a software company, uses AI to revolutionise the way doctors identify, diagnose, and treat cancers. “Imagine what these tools can unlock not only for pathologists and doctors, but for patients, too. It means earlier disease detection, healthier lives, and more time with loved ones,” observes Young.
AI in the Workplace: Boosting Productivity
AI is not just a game-changer for specialised industries; it’s influencing the way we work and enhancing productivity across various sectors.
GitHub’s Copilot is already writing 46% of the code on its repository and helps developers code up to 55% faster. “Three out of four users say it helps them conserve mental energy and focus on more satisfying work. Said another way: Creating new things and solving new problems,” notes Young.
From simplifying repetitive tasks to enabling more creative thinking, AI is at the core of innovation.
Building Responsibly: Prioritising Security & Responsible AI
The thrill of AI’s capabilities is accompanied by an essential responsibility. Responsible AI initiatives depend on committed leadership, inclusive governance models, and substantial investment in responsible AI engineering systems.
As Microsoft’s Vice Chair and President, Brad Smith, and Chief Technology Officer, Kevin Scott, chair their Responsible AI Council, Young reminds us that “using AI responsibly is a responsibility we all share, no matter your role.”
The Time is Now: Embrace the AI Revolution
The transformative power of AI is just beginning to unfold, and the potential is immense.
Whether you’re a tech giant or a small start-up, the time to embrace AI is now. Experiment, innovate, transform experiences, build new things, and always prioritise security and responsible AI.
As Young concludes, “the AI market is moving quickly, and there is tremendous opportunity for business leaders to embrace AI and adapt to the profound changes that are coming.”
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