In this Expert Insight Interview, Maulik Parekh discusses the future of business and how we can adapt to the challenges brought forth by the digital age. Maulik Parekh is an avid entrepreneur and serial angel investor with investments spanning three continents. He is the author of a book called Futureproof Your Career and Company: Flourish in an Era of AI, Digital Natives, and the Gig Economy.
This Expert Insight Interview discusses:
- People’s fears of the future, AI, and the digital transformation
- How to be a futurist and create your own future
- Artificial intelligence and how to futureproof your career
It’s safe to say that a lot of people are confused and concerned about the future because the rate of change is so rapid. Obviously, the pandemic has played a part in additionally accelerating the digital transformation in our lives.
So how can people be more at ease with what’s happening, embrace it, and actually make it work for them as opposed to being fearful?
Being a Futurist
One way to be less fearful and be excited about the future is to learn more about it. Create your perspective on what the future will be. One of the chapters of Malik’s book says that “the future is unknown, so be a futurist.”
If we learn to pay attention to the clues and trends around us, we can extrapolate those trends, synthesize them and create our own version of what the future may unfold. We can learn the opportunities and risks that may present themselves to us, and be better prepared for them. If we study the future, just like we study other fields, we can be less fearful of it.
At the beginning of the book, Maulik talks about disruptive forces, and one that he focuses on, in particular, is artificial intelligence. At this point, there has been so much written and said about artificial intelligence, and it has been “hyped” to such an extent that there’s a level of confusion around it. People are unsure about which direction AI is going to take, whether their job would end up being taken over by a machine, etc.
If you look at artificial intelligence, there are a few things to keep in mind in terms of how it will impact our lives and our jobs:
If any part of your job is repetitive, boring, and predictable, AI will be able to do it.
If any part of your job has a vast amount of data from the past that can be fed to an AI algorithm, AI will be able to do it.
The parts of your job that require simple reasoning, learning, and predicting could be done by AI.
The secret to future-proofing your career is figuring out the work that will be “left” for humans and specializing in those fields.
John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.