Part 3/7:
Incremental Adaptation: The first scenario posits that gen AI primarily enhances existing capabilities, leading to gradual productivity improvements without radically transforming business processes. In this scenario, sectors such as healthcare and education witness enhanced efficiency, with gen AI aiding in diagnostics, personalizing treatment plans, and alleviating administrative burdens.
Transformative Change: The alternative scenario suggests a more dramatic evolution, where gen AI extends beyond augmentation and provides new expertise and capabilities that fundamentally alter industries. For example, AI could facilitate breakthroughs in biotechnology and renewable energy, fostering new industries while redefining labor requirements across the board.