Impact of Artificial Intelligence on Business and Society

Artificial Intelligence; business; society; industrialization; competitive advantage; industrial revolution

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September 18, 2022

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The advent of highly advanced AI and robotics has the potential to completely alter the course of human history. Life, work, and leisure as we know it will be turned upside down. Some people believe this might usher in a golden era of wealth, leisure, and scientific discovery. There is growing social discontent as people worry about losing their employment, their privacy, and their independence. People, businesses, and whole countries will all feel the effects. Competitive advantage will accrue to those countries and companies that are at the forefront of change. However, they should also be cognizant of the need to address the worries of workers, customers, and residents.