The Impact of Artificial Intelligence on Companies

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The use of artificial intelligence (AI) has witnessed an exponential growth in recent years, and its potential to revolutionize industries and reshape the job market is undeniable. Information and Communications Technology Secretary Ivan John Uy emphasized this point during a roundtable discussion with The Manila Times, stating that AI is as disruptive as the discovery of fire or the invention of the wheel. Uy believes that AI will not only lead to the disappearance of certain companies and industries but also create new ones, generate new job opportunities, and even produce billionaires.

Uy draws attention to the fate of companies like Kodak, Nokia mobile, and Xerox, which failed to adapt to technological advancements and ultimately faded away. He asserts that those who do not embrace AI will face a similar fate. However, Uy also highlights that AI, despite being disruptive, can serve as a tool to strengthen individuals, particularly in the workplace. He emphasizes that AI will not replace people in their jobs but rather those who possess the skills to effectively utilize AI will replace others. Therefore, Uy stresses the importance of training people to use AI to ensure the relevance and necessity of their jobs in serving the global market.

Acknowledging the dual nature of technology, Uy compares AI to fire, stating that it can be used for both constructive and destructive purposes. He believes that AI has the potential to do greater good by empowering individuals and simplifying complex tasks. However, if misused, AI can also cause harm. Therefore, Uy emphasizes the need for proper guidance and regulation to ensure the responsible and ethical use of AI.

Uy asserts that AI has permeated all aspects of our lives. He describes AI as a great enabler but expresses concern for companies that have not yet recognized its potential and are complacent in their approach. Uy highlights that AI adoption is growing exponentially, with new developments and changes occurring every month. He urges Filipinos to stay observant and constantly aware of the directions AI is taking to effectively apply it in various domains.

In addition to the impact on industries and the job market, Uy reveals the goals of his agency, the Information and Communications Technology Department (DICT). One of their major initiatives for the year is to enhance their capacity and talent in cybersecurity. Recognizing the importance of cybersecurity in the digital age, the DICT aims to collaborate with international organizations and countries to raise cyber awareness among the general public. Furthermore, they plan to build a specialized team of cybersecurity experts who can assist in addressing the 3 million job vacancies anticipated in this field by 2024.

Looking ahead, the DICT is committed to establishing connectivity projects and enhancing the E-Gov website, ensuring that the benefits of AI and other technological advancements are accessible to all Filipinos.

In conclusion, the rapid growth of AI presents both opportunities and challenges for industries and individuals. Embracing AI is crucial for companies to remain competitive, while individuals must acquire the necessary skills to leverage AI and secure their positions in the evolving job market. With proper guidance and a focus on responsible implementation, AI has the potential to revolutionize industries, empower individuals, and drive economic growth. The Philippines, under the leadership of the DICT, is taking proactive steps to harness the benefits of AI while addressing the associated risks, such as cybersecurity. By doing so, they are paving the way for a future where AI is harnessed for the greater good of society.

Source: The Manila Times

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