How AI Will Change Jobs and What Leaders Can Do to Prepare
As start-up leaders, we find ourselves at the forefront of an era characterized by rapid technological advancements. One such groundbreaking innovation is Generative AI. Having incorporated various generative AI tools in my personal and organizational processes, I wanted to explore the implications of a future empowered by AI and automation, focusing on the evolving landscape of jobs, and the crucial steps we must take as leaders to harness AI developments for both social impact and business success.
The integration of AI has the potential to unlock unprecedented growth opportunities for start-ups. We can streamline operations, automate processes, and optimize decision-making by leveraging AI technologies. Recent AI advances promise a lot more value. An analysis conducted by McKinsey found that advanced deep learning techniques utilizing AI have the potential to contribute an annual value of approximately $3.5 trillion to $5.8 trillion. Moreover, AI-powered solutions offer valuable possibilities for significant social impact ranging from healthcare to climate change. However, amidst this transformative journey, we must recognize its current limitations and effects on the landscape of jobs.
The Changing Nature of Work
I recently read someone saying that AI won’t take your job, the person using AI will. Historically, technology creates jobs but brings about the need for workers to acquire new skills and adapt. Studies highlight that more jobs will be changed than lost. The future of work will demand the need for different skills to thrive in the workplace. At this juncture, we, as leaders, must recognize the need to invest in human factors alongside AI integration. These factors include empathy, social, emotional, and higher cognitive skills like creativity, critical thinking, and adaptability.
Investing in Human Factors
Our education systems are just starting to recognize the importance of prioritizing what is commonly referred to as “soft skills.” We have traditionally placed less emphasis on explicitly teaching emotional intelligence, cross-cultural awareness, curiosity, critical thinking, and persistence, assuming these skills naturally develop over time. However, today it is crucial for leaders to actively invest in developing these skills. Understand that these skills are not trivial or insignificant, and it is what sets human intelligence apart from artificial intelligence.
As theoretical physicist Michio Kaku says, a robot can not engage in intellectual capitalism — activities that involve creativity, imagination, leadership, analysis, humor, and original thought. For humans to make successful contributions in an increasingly AI-operated future, we need to cultivate our most human factors within society.
Moreover, emotional intelligence and adaptability will help us collectively navigate complex ethical dilemmas and make responsible decisions that align with our values and the greater good as we consider the societal implications of our AI initiatives and ensure that our technology serves humanity morally and inclusively.
By investing in these human factors, we can create a workforce that remains humane and inclusive in the face of AI advancements. Emphasizing their development and adaptability to AI integration will enable us to maximize the potential of both humans and machines, creating a symbiotic relationship that propels our organizations forward.