The CSuite, UK: The AI Revolution Will Create a Huge Wave of Opportunity, Say Cognizant Executives

Malcolm Frank, Ben Pring and Paul Roehrig

“Artificial Intelligence is already starting to fuel a surge in productivity. In the next few years, AI will drive business and job growth for those who take the right steps today,” write Cognizant’s Malcolm Frank, Executive Vice President of Strategy, Paul Roehrig, Vice President of Strategy and Marketing for Cognizant Digital Business, and Ben Pring, Co-Director of Cognizant’s Center for the Future of Work, in their book, “What to Do When Machines Do Everything: How to Get Ahead in a World of AI, Algorithms, Bots, and Big Data” (Wiley, February 2017). Excerpts:

“The new machines will enhance more jobs than they replace. More than 80 percent of teaching, nursing, legal, and coding jobs will be made more productive ― and satisfying ― as the most monotonous tasks are transferred to machines.

The digital revolution is fundamentally a growth story. Machines are already beginning to enhance the human element of work and generate more jobs. For example, the future workforce will require more people to fill jobs currently in short supply: data scientists, designers, technologists, and strategists.

Now is not the time to short human imagination. As they have in the past, the new machines will also create new jobs, and even professions, that do not yet exist.

While the future of an automated workforce can be frightening, the AI revolution will create a huge wave of opportunity for businesses and individuals who are prepared.

Early digital economy winners have aligned the Three Ms ― materials, machines and models ― to create value.

The future is already here: early winners in our digital era are showing us a practical way to move AHEAD.

The world is changing faster than ever before. Automation and the rise of AI are truly deep and unstoppable forces ― they are the core of this incredible pace of change.

The shift to the new machine and AI is inevitable but if managed wisely, it will ultimately be a positive force for companies, individuals, and society.”

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