Defense Minister of Saudi Arabia and Prime Minister of Yemen meet in Jeddah for discussions

In the rapidly evolving landscape of business, staying competitive is crucial for survival. With the rise of artificial intelligence (AI) technologies, businesses are facing a new challenge – adapt or be left behind. Mohammed Alqarni, CEO of the Saudi AI consultancy firm Foresighted, is on a mission to help businesses navigate this new era of AI and remain competitive in the market.

Alqarni emphasizes the importance of executives embracing AI technologies now, as failure to do so could result in being outmoded and driven out of business by more tech-savvy competitors. Through Foresighted, Alqarni works with top executives to enhance their understanding of AI’s advantages and limitations, develop innovative business models, and integrate AI technologies into their business plans.

One of the key insights Alqarni has discovered is the impact of AI on different job roles within organizations. He found that higher-skilled positions, such as managerial roles, are more likely to be impacted by AI due to the data-driven nature of their tasks. This highlights the need for executives to start experimenting with AI and encourage their employees to do the same.

While some executives may be hesitant to adopt AI due to fears of job loss, Alqarni believes that the transition to an AI-driven economy will ultimately create more jobs than it eliminates. Drawing parallels with the industrial revolution, he points out that new roles will be created as old ones are phased out, leading to a balanced job market in the long run.

To ensure job security during this transition, Alqarni stresses the importance of re-skilling and up-skilling the workforce. He believes that Saudi Arabia should focus on preparing young workers for the changing job market and aligning job creation with the demand for AI-related skills.

As the AI revolution continues to reshape industries, Alqarni’s message is clear – the time to start experimenting with AI is now. By embracing AI technologies and fostering a culture of innovation, businesses can position themselves for success in the age of AI. Failure to adapt could mean being left behind in a rapidly evolving business landscape.