AI is Here: Solution or Threat?

AI has transformed society, life, and business with over 60% of Global500 companies incorporating it in core operations.*

The AI market is projected* to reach $407 billion by 2027, up from $86.9 billion in 2022 – as new tools, approaches, and challenges impact business, education, healthcare, public service, and life. In 2024, we anticipate the very concept of ‘work’ to be challenged as AI is used increasingly for repetitive, service, and support functions.?

For example, in insurance, AI is liberating agents from mundane claims processing - enabling them to provide expert advice and customer service while increasing productivity by 300%.?

Furthermore, AI tools such as those from Shift Technology deliver 75% accuracy in detecting fraudulent claims and use collected data to prevent future threats.

AI promises to help address the rapidly growing need for healthcare services. From preventative (and personalized) interventions and pharmacology through expedited treatment to real-time patient monitoring - AI will save lives and speed disease eradication.

Recently, 谷歌 demonstrated that AI tools can diagnose cancer cases with a 5% increase in accuracy and an 11% reduction in false positives compared to current processes.

In education: AI empowers forward-leaning teachers by monitoring student development, creating personalized learning journeys, and powering immersive learning experiences.?

In Fintech , Zest AI has reduced losses and default rates by an impressive 20% through AI-driven credit risk optimization. Meanwhile, financial services firms such as Wealthfront and Betterment leverage AI algorithms to improve investment recommendations and portfolio management.

In traditional industries from manufacturing to transportation, oil, gas, and construction - open, committed, and brave leaders leverage AI to reshape processes, boost efficiency, and drive innovation. Smart factories, operated by LG电子 , utilize Azure Machine Learning to predict and prevent machinery defects, thereby reducing production delays. Think of Transport for London , using AI to streamline traffic flow and predict disruptions empowers operators and digital simulators to optimize schedules.

BUT...can AI be a threat – to society? Yes-if used irresponsibly.

AI is a tool. Consider it like a kitchen knife – which can do wonders in the hands of a skilled cook. But when incorrectly used, it could create pain. Just as a chef uses a knife, AI empowers people to think differently, imagine solutions to complex problems, and deliver great customer experiences.

By freeing people from the mundane, and enhancing health care, education, and industry, AI unlocks new opportunities … for people. I predict that 2024 will be the year in which AI is deeply embedded in all aspects of business, education systems, sustainability, and research as its use becomes as commonplace as using the internet is today.

Are you concerned about AI, curious about what all this means, ready to embrace the future powered by AI? Move from fear to action...

Join?Thomas F. Anglero ?and me on?January 30?to learn insider insights, gain PEACE – with AI, and collaborate with other brave leaders to co-creating the future – empowered by AI.?

Sign up here - https://bit.ly/48BZlvi !

Listen to the previous session on YouTube and keep me in mind when seeking a keynote speaker, workshop facilitator, or advisor to connect you to future success – see more on?www.JenniferVessels.com .?

*Gartner, 2023

*Forbes Advisor 2023