Kevin O’Leary, best known as Mr. Wonderful on Shark Tank, predicts that eight types of businesses could disappear over the next decade:
- Traditional office buildings.
- Companies that ignore AI.
- Restaurants that rely on downtown office workers.
- Companies forcing employees back to the office full time.
- Parts of the movie industry that AI can replace.
- Speculative cryptocurrency projects.
- Businesses heavily dependent on China-based supply chains.
- Companies with poor cash flow discipline.
Whether every one of these predictions comes true… only time will tell. What strikes me is that all eight have one thing in common: they’re businesses that aren’t adapting to a changing world.
Technology is changing. Customer expectations are changing. Employees are changing. The way we work is changing. The world is changing. And the pace of change is only accelerating. The organizations that thrive in the next decade won’t be the biggest, the wealthiest, or even the smartest. They’ll be the ones that adapt the fastest.
That’s especially true when it comes to AI. The latest data shows that 85% of AI projects fail—and the biggest reason is organizations focus on technology without considering the people who must adopt it.
AI adoption is a people challenge disguised as a technology one. Simply buying AI tools isn’t enough. Leaders must help their people understand the change, embrace the change, and learn how to use AI to become more productive—not more fearful.
The future belongs to the most adaptable, so join me for my free webinar Lead or Be Left Behind: The One Skill Managers Need Most in the AI Era so you don’t get left behind.
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