Integrating AI into processes is no longer optional but essential

The world is at a crucial intersection where technology, especially artificial intelligence (AI), is beginning to redefine industries, professions, and consumer interactions at an accelerated pace, according to Ian Chapman-Banks, chief executive and co-founder of SQREEM Technologies. 

Speaking at the Singapore International Reinsurance Conference he opened with a provocative question that resonates widely in the professional world: “Are we going to lose our jobs to generative AI?” 

Addressing what he called “the elephant in the room”, Chapman-Banks reassured his audience that while AI is poised to transform the industry, job loss is not the looming threat many fear. In fact, demographic shifts suggest that the workforce is shrinking, particularly among younger generations. 

“AI represents an opportunity to bridge the gaps left by a diminishing white-collar workforce.”

Far from being a harbinger of job losses, Chapman-Banks argued, AI represents an opportunity to bridge the gaps left by a diminishing white-collar workforce. 

“The fact is that none of us is going to lose our job. In fact, we could be working to 80 years old,” he suggested. 

Chapman-Banks stressed that integrating AI into processes is no longer optional but essential for staying competitive. “The most important thing is that the company or the people who use AI will be more successful than the people who don’t,” he asserted. 

This highlights an urgent call for industry leaders to embrace AI not just as an enhancement but as a fundamental part of their operations. 

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