AI might be ready to disrupt how businesses operate, but businesess arent ready for theAItransformation.

European companies in particular alsostruggleto train their employees on AI use and develop a clear strategy for responsible AI.

At the moment, businesses arent well-equipped to deal with AI, David Shrier tells TNW.

3 ways businesses should prepare for AI transformation

Its not going as fast as it should.

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But what exactly does this entail?

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Once these benchmarks are set, a critical step is ensuring algorithm audits on a regular basis.

Another step is putting governance in place.

Get your people to understand AI, Shrier emphasises.

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The new skillset should also focus on what humans are better at than AI.

This includes soft skills such as creative exploration, emotional intelligence, relational skills, and working with teams.

One way to do that is using AI to capture collective intelligence.

Ioanna Lykiardopoulou

Shrier believes that with this new technology we have the ability to improve human productivity in a transformative way.

In an ideal AI future we are unlocking greater human potential.

And were achieving more and building a utopian society, he explains.

Imagine if we had a 20-hour work week or a 15-hour work week.

And everyone was fed and had clean water and housing.

David Shrier is speaking at this yearsTNW Conferenceon June 20-21 in Amsterdam!

If you also want to experience the event (and say hi to our editorial team!

), weve got something special for our loyal readers.

Story byIoanna Lykiardopoulou

Ioanna is a writer at TNW.

With a background in the humanities, she has a soft spot for social impact-enabling technologies.

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