January 1, 2020 Author: Matthew Renze

Whether you realize it or not, our world is going through a major transition. We’re entering the era of artificial intelligence — a future where machines will be doing many of the jobs that humans are currently doing today.

However, the majority of people are not yet prepared for the coming wave of AI-enabled automation. As a result, those with the skills necessary to leverage AI will be of great value in our new AI economy. Unfortunately, those who do not, will likely be left behind.

So what can you do today to prepare yourself for the coming wave of AI automation?

Here are my top 5 recommendations:

1. Educate Yourself About AI

It’s important that you understand what artificial intelligence is and how it works from a high-level perspective. Beyond that, how deep you go with your education, depends entirely on how closely you plan to be working with AI.

There are numerous sources of information to learn about the basics of AI including articles, videos, and books. In addition, to go deeper, you will need to look into workshops, online courses, and university degree programs.

2. Upgrade Your Career for AI

Will AI take your job? Well, it depends. However, no matter what your profession, AI will most likely have a significant impact on your day-to-day job in the next few decades.

If your job is at a high risk of automation from AI in the near future, it might be time to consider retraining for a new high-tech career. If your job is at low risk of automation, you should still learn how to leverage up-and-coming AI tools to become more productive than your peers at your current job.

3. Invest in an AI-first Economy

It’s predicted that the fortunes of the world’s first trillionaires will be built on investments in AI. Investments in human labor are continuously losing value while investments in AI capital are continuously increasing in value. In addition, data to train AI is becoming one of the most valuable resources in our information economy.

As a result, you need to invest in an AI-first economy. This doesn’t require any advanced knowledge of the stock market or investing. Rather, you just need to invest in the economy as a whole. The easiest way is to simply invest in index funds to diversify your investments across the entire economy. Productivity increases from AI will benefit all sectors of the economy. Everyone wins… but only if you invest.

4. Use AI Responsibly and Ethically

Technology is inherently amoral — it is neither good nor evil. The same technology can be used to send mankind to the moon or to propel nuclear warheads into cities. Artificial intelligence is the same. We can either choose to use AI to make our world a better place for everyone or someone else will use it for their own profit, power, and control.

So you need to evaluate the pros and cons of each new AI technology you encounter. Then you need to decide whether its pros outweigh its cons. In addition, you need to understand how to use AI technologies responsibly, legally, and ethically. With great power comes great responsibility. With AI, we have the greatest responsibility that humankind has ever known.

5. Adapt or Become Obsolete

Our world is changing — and it’s changing fast. We’re currently witnessing the collapse of many of our long-established institutions as the result of the use of modern AI. The core ideologies at the foundation of our society are under significant pressure as we move through this transformative AI revolution.

What is clear from history is that we, as individuals, our businesses, and our social institutions will either need to adapt to a world of AI or we will be made obsolete by competing forces. As a result, you need to embrace change or else you will likely sit on the sidelines and eventually become redundant, unemployable, and obsolete.

To learn how to prepare your career for the AI tech revolution, please check out my free online course: Artificial Intelligence: Preparing Your Career for AI.

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