{"id":87486,"date":"2023-12-27T00:00:00","date_gmt":"2023-12-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/how-to-think-about-2024\/"},"modified":"2023-12-27T00:00:00","modified_gmt":"2023-12-27T00:00:00","slug":"how-to-think-about-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/12\/27\/how-to-think-about-2024\/","title":{"rendered":"How to think about 2024"},"content":{"rendered":"

Two wars, a handful of \u201ccivil disturbances,\u201d 50 elections, and <\/strong>rich-world bias: <\/strong>Here\u2019s how some of the smarter people in the Western press think you should be thinking about 2023:<\/p>\n

#1- Volatility will be the theme of the year<\/strong>, the New York Times<\/a> writes, noting that economic uncertainty and armed conflict are set to run headlong into a list of elections spanning from Taiwan and India to the US of A. <\/p>\n

Huge things that matter to business \u2014 in the region and beyond \u2014 are at stake: <\/strong>Who gets elected and how much power they have will affect decisions ranging from how artificial intelligence will be regulated to \u201cfactory subsidies, tax breaks, technology transfers, the development of artificial intelligence, regulatory controls, trade barriers, investments, debt relief, and the energy transition.\u201d<\/p>\n

#2- Greenwashing by corporations is a sideshow in emerging markets. <\/strong>What really matters is that \u201crich countries are using the green transition as an excuse to boost their own economies at the expense of developing ones.\u201d<\/p>\n

It\u2019s not an activist speaking \u2014 but the head of the UN\u2019s top trade body. <\/strong>\u201cMany trade rules forbid policies that can be used by developing countries. And the developed countries have more fiscal space to subsidize in the areas that are good for \u2018quote, unquote\u2019, the environment,\u201d UN Conference on Trade and Development Secretary-General Rebeca Grynspan tells the Financial Times<\/a> in a year-end interview. <\/p>\n

Competition is going to be particularly fierce when it comes to job-creating (and <\/strong>economically important) investment in industry<\/strong>, where Grynspan notes that advanced economies are now trying to muscle-out the developing world to bring jobs and technology back home. <\/p>\n

#3- It\u2019s a year in which every business will have to come to grips with what artificial <\/strong>intelligence means to their business. <\/strong>Our friends at McKinsey think that 75% of the total business \u201cuse case\u201d for AI will fall into just four buckets: Customer service and operations, marketing and sales, software engineering, and research and development. <\/p>\n

And adoption has so far been slow: <\/strong>Younger people are playing with it, sorting out its strengths (cutting through deep stores of data) and weaknesses (so. much. hallucination). But only a third of managers around the world tell McKinsey they\u2019re using generative AI for work. Nearly 70% have either tried it and decided not to use it \u2014 or have never touched it at all. <\/p>\n

Your best starting points for AI: <\/strong>There are far more questions than answers. Folks with more exposure will want to look at Benedict Evans\u2019 annual look ahead<\/a>, which this year focuses almost entirely on gen AI. Newbies can start with the Economist<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Artificial intelligence isn\u2019t the only thing that\u2019s going to be shaping the business landscape in the new year<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2206],"tags":[7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87486","post","type-post","status-publish","format-standard","hentry","category-strategy","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"bd2e790a-ab56-4ece-8555-40b3033ec0fe","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"below","homepage_title":"","full_issue_title":"How to think about risk and business in 2024","related_issue":[87478],"teaser":"Artificial intelligence isn\u2019t the only thing that\u2019s going to be shaping the business landscape in the new year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.e07926e9-ce9a-411f-b471-e0c66183d9cb.mp3"},"yoast_head":"\nHow to think about 2024 - 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