In the fast-paced world of business, staying ahead of the competition is crucial. With the rise of artificial intelligence (AI) technologies, companies 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 landscape and remain competitive.
Alqarni, an expert in AI for business, believes that the time to start experimenting with AI is now. In a recent interview with Arab News, he emphasized the importance of understanding AI’s advantages and limitations, and integrating these technologies into business plans. According to Alqarni, AI is not a threat to jobs, but rather a tool that can enhance productivity and efficiency.
One of the key services offered by Foresighted is a “generative AI organizational transformation framework,” which helps businesses assess the impact of AI on different job roles. Alqarni’s research has shown that higher-skilled positions, such as managerial roles, are more likely to be affected by AI, as these tasks are often data-driven and can benefit from automation.
Despite the potential benefits of AI, many business leaders are still hesitant to adopt these technologies. Alqarni acknowledges that the transition to AI may be challenging, but he believes that it is essential for companies to embrace innovation and experimentation. He encourages executives to create a culture of innovation within their organizations and start experimenting with AI today.
While some may fear that AI will lead to job losses, Alqarni remains optimistic about the future of work. Drawing parallels with the industrial revolution, he believes that AI will ultimately create more jobs than it eliminates. However, he stresses the importance of re-skilling and up-skilling the workforce to ensure job security during this transition.
As Saudi Arabia looks towards Vision 2030 and the future of work, Alqarni urges policymakers to consider the impact of AI on jobs and prepare young workers for the changing job market. By embracing AI technologies and investing in workforce development, businesses can position themselves for success in the age of AI.