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26 July 2024 / Quick Take
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Copy LinkIt took seven years for the internet to reach 100 million users. It took ChatGPT just 60 days. The business world has been talking about digital transformation since the mid-1990s, but the pace of AI adoption is something we have not faced before. As Claudio Truzzi, Director of Research and Innovation at the University of Brussels, and Senior Fellow at the Conference Board, states, “Even the experts are struggling to keep up.”
What must business leaders consider as we rush forward into the AI era?
The opportunities of AI cannot be ignored, but neither can the burdens placed on the business. Leaders need to recognize that adoption by the workforce requires risk consideration, and significant training and investment.
Research from The Conference Board drawing on public sources illustrates the unprecedented pace of this “next transformation” in the chart below, depicting the average number of new users added each day on the way to 100 million.
What this means for leaders: Preparing your teams—and your leadership—to deal with this rapid change is vital to avoid burnout and frustration. Having a mantra of “learn fast and succeed” rather than “fail fast and learn” may be a hel
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