Navigating the Evolution of Generative Artificial Intelligence through a Multifocal Lens: Insights for Business from Three Industry Experts

In recent months, the field of artificial intelligence (AI) has experienced an unprecedented surge in growth with the rapid technological advance of generative AI (GenAI), prompting fascination with the technology and its impact on business. Using a multifocal lens perspective, this article examines the changing business landscape in the current era of AI and offers insights into and predictions about the opportunities and challenges that lie ahead in the near- to longer-term. Authored by members of the Australian Institute of Business (AIB) Industry Advisory Board to harness diversity of cognitive thinking, our insights are based on our collective experience with AI and fintech platforms, scaling organisations for growth and global consulting.