Leadership in the AI Era: Embracing Self-Renewal
Dr Timothy Low ,PBM,Author,CEO,Board Director
CEO & Bd Dir * EVP & Bd Adv QuikBot * AUTHOR * Investment Cslt Healthcare * Bd Adv AUM Biosciences * VP Med Affairs * LinkedIn Most Viewed Healthcare CEO in Singapore 2017 * LinkedIn Top Motivational Speaking Voice 2024
"Our most significant challenge isn't the rise of automation, but our own resistance to personal transformation."
Generative AI offers profound insights into its transformative potential:
1. Significant Automation Potential:
Generative AI is poised to automate up to 30% of work hours by 2030, revolutionizing various industries and job functions.?
2. Economic Impact:
The technology could contribute an additional $2.6 trillion to $4.4 trillion annually across 63 analyzed use cases, enhancing productivity and innovation.?
3. Industry Transformation:
Sectors like banking, high-tech, and life sciences are expected to experience the most significant impact, with potential value additions ranging from $200 billion to $660 billion annually.?
4. Workforce Evolution:
Generative AI is anticipated to reshape job roles, particularly in knowledge work, by automating tasks that currently occupy 60-70% of employees’ time, necessitating workforce adaptation and reskilling.?
5. Strategic Implementation:
To fully realize the benefits of generative AI, organizations must invest in building technological and organizational capabilities to innovate, deploy, and improve solutions at scale.?
( McKinsey report findings- Gen AI )
As a healthcare professional and venture capital investor, I recognize the profound implications of these findings.
In healthcare, generative AI can streamline administrative tasks, enhance diagnostic accuracy, and personalize patient care, leading to improved outcomes and operational efficiency.
For investors, this underscores the importance of supporting startups that are harnessing AI to drive innovation in healthcare.
Embracing and investing in generative AI is not just a strategic advantage but a necessity to stay at the forefront of industry transformation.
I help Businesses Achieve Sustainable Growth | Consulting, Exec. Development & Coaching | 45+ Years | CEO @ S4E | Building M.E., AP & Sth Asia | Best-selling Author, Speaker & Awarded Leader
4 天前Thank you for sharing this exciting update! The Economic Times Future Forward Singapore Summit 2024 sounds like a fantastic opportunity to explore innovative ways to create connected workplaces and drive future success.
Impact 02 Award Winner ?? Helping Purpose Driven Entrepreneurs Launch and Scale From Zero to $50 Million | Follow Me For Systems On Sustainable Growth ??
4 天前Looking forward to the insights on creating connected workplaces—such an important topic for the future of work. Dr Timothy Low ,PBM,Author,CEO,Board Director
General Manager at Green Cross Biotherapeutics Inc.
4 天前As you are talking about the benefits of AI which is also a discovery of human mind not from the god. Although AI can help us in health sector and others fields too. But how can we absolutely rely on AI about our health, diagnosis and treatment.?Because, in the beginning it will be too risky to depend 100percent on AI which is also a discovery of human mind. As per the management theory there's always a possibility of trial and error. Even in the medical pathology field many hospitals are using the automatic machine to diagnose the diseases from blood,urine,sputum etc. and sometimes Incase of doubt about the results of automatic analyzer machine non- automatic machine is being used to finalise the results. I have seen it in various medical colleges. Moreover, after the so many years of discovery of Boeing,l in cases of any glitches it's being corrected by human sharp minds across the globe. Furthermore, AI is convenient, faster and reliable but it's going to cut down human labour in a great deal and how the problems of unemployment will be solved? Secondly, Having used AI in many sectors human intelligence can't be utilised then our mind can't be as sharp as it was before. So, coming new generation's mind can't be as
Bro, this is the only way to grow towards future...eg...AI assisted Dr.... Yolo, live ur life ??????
Father combine ISO 42001 AIMS LI+LA; ISC2 ISLA Award; RPL Reviewer; ESG Advisor; Judge/ISC2 Scholar/UBK/Stevie Awards; Painting/Artists/Arts Teacher; Seasoned Advisor; HBR Advisory Council
5 天前So, what are your solutions to mitigate these risks?