CEBU CITY – The transition from the industrial revolution to the digital revolution has always emphasized the human aspect of digital technology, but in the World Economic Forum's Young Global Leaders discussion, centered on the digital revolution, emphasizing AI, blockchain, and cybersecurity as key components and identified key technology tipping points for 2020 that included the rise of internet-connected clothing and devices, with AI also handling pharmacy tasks.
“AI will also join corporate boards, potentially overriding human decisions and AI's rapid evolution, citing historical milestones; and Pharmacy as a course will disappear as prescriptions will be handled by AI machines, and AI will be present on corporate boards,” Jonathan De Luzuriaga, president and CEO of Spring Valley Tech Corp. and president of Philippine Software Industry Association, presented this at the Technology and Innovation Forum on June 20 hosted by the Cebu Chamber of Commerce and Industry (CCCI).
Luzuriaga added that today, there are continuing debates on AI's impact on job creation and loss with a call for upskilling. Practical AI applications in agriculture, healthcare, and citizen engagement are also being discussed, including talent gaps in the Philippines and how can the country prepare for the digital future.
Luzuriaga highlighted the shift towards thinking of all companies as tech companies with a focus on changing organizational structures, products, and customer approaches. Business today must consider some action items to take such as encourage them to take courses on AI, Blockchain, and Cybersecurity to stay up-to-date with the latest developments.
“Also explore the use of AI in the company's operations, such as using drones and AI-powered analytics to improve processes and collaborate with local authorities to develop and implement AI-powered solutions for citizen engagement and emergency response,” Luzuriaga bared.
The rapid evolution of AI and its potential to outperform human leaders, Luzuriaga said that the AI arms race is compared to the nuclear arms race, emphasizing the need for serious consideration of AI's impact.
“The potential for AI to be used for good or evil is real and we call for AI to be used for societal benefit. The dual impact of AI on job loss and creation is similar to the Industrial Revolution, hence the importance of upskilling and AI awareness with references to online courses and personal experiences,” he added.
There is also a growing shift in focus with Investors' growing interest in AI and ESG (Environmental, Social, and Governance) with AI becoming a key factor in investment decisions. In terms of AI application in agriculture and healthcare, Luzuriaga gave examples of AI's applications in agriculture, such as using drones to sort cardamom leaves for pricing.
Luzuriaga also talked about AI’s role in healthcare with examples like Cardiobot's ECG analysis and Citizen Engagement solutions in smart cities. He mentioned the development of a social command center in Clark Global City which tracks and monitors individuals for security purposes.
“The potential for AI to have a profound impact
on humanity, surpassing fire, electricity, and the internet, is a glaring
reality,” Luzuriaga stated. (Photos: CCCI/MBCNewman)
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