The article discusses the potential impact of artificial intelligence (AI) on businesses by 2024. It highlights that AI is expected to create $13 trillion in new economic value by 2030, with early adopters gaining a significant competitive advantage. Key points include: 1) AI will automate repetitive tasks, freeing up employees for higher-value work. 2) AI-powered analytics will enable better decision-making and personalized customer experiences. 3) AI will drive innovation in products and services, creating new revenue streams. 4) Businesses must invest in AI talent, data infrastructure, and ethical AI practices to stay competitive. 5) AI adoption will require organizational changes, including reskilling employees and adapting business models. The article concludes that while AI presents challenges, it offers immense opportunities for businesses that embrace it strategically.
Source: https://www.businessinsider.com/what-the-ai-revolution-means-for-business-2024-5