"The next five years will decide whether your business surfs the AI wave - or gets swallowed by it. That's the warning from Daniel Priestley, a bestselling author and founder of the business accelerator Dent Global. In a podcast interview on Tuesday, he described AI as a rapidly evolving technological shift that he says will split the economy into "haves and have-nots" by 2027. By the early 2030s, Priestley said, companies that haven't adapted will be "out of business.""
"In a podcast interview on Tuesday, he described AI as a rapidly evolving technological shift that he says will split the economy into "haves and have-nots" by 2027. "If a tsunami was about to hit the shore, you don't have time off. You move your family out of the way," he told podcaster James Smith on "The Problem With..." podcast. "This is not the time to rest. This is the time to paddle," he added."
""We love saying our business is dead. We need to reinvent the business," he said. "We play the game and we say, 'How did the business die?'" The usual answer, he said, is that it was replaced by a faster, AI-powered rival that delivered value instantly and told a better story. That realization becomes the basis for a new plan."
AI will transform markets rapidly, creating a sharp divide between businesses that harness AI and those that fail to adapt. The next five years will determine which companies ride the AI wave versus those that are overwhelmed. Companies must urgently rebuild core operations with AI, starting by assuming their current business has been supplanted and designing the replacement. Typical disruption comes from faster, AI-powered rivals that deliver instant value and better narratives. Founders are urged to treat the moment as urgent, mobilize resources immediately, and pursue deliberate reinvention to avoid being obsolete by the early 2030s.
Read at Business Insider
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