NEW AI BOOK IN BESTSELLER LIST FOR 11 MONTHS IN AIRPORTS GLOBALLY - WH SMITHS

Every aspect of drug development is being accelerated by AI, and pharma companies are likely to be spending over $4bn every year on AI by 2027. AI is already being widely used to discover new drugs, which could drive up to $50bn a year of future sales. 

The number of new drugs developed using AI has already increased ten times in a single year, as shown in recent licence applications in the US.  For example, AI is being used to:

◆ Identify potentially useful molecules for tests

◆ Design and build completely new molecules to fit cell

receptors, etc.

◆ Automate testing of hundreds of molecules

◆ Streamline clinical trials

◆ Analyse data

◆ Write up results

Morgan Stanley has calculated that every 2.5% improvement in preclinical development success rates could lead to an additional thirty new drug approvals over ten years.

NEW AI BOOK IN BESTSELLER LIST FOR 11 MONTHS IN AIRPORTS GLOBALLY - WH SMITHS

Many millions of lives will be saved each year by 2030 as a direct result of AI, 400,000 in the EU alone. 

AI is just the latest of many digital innovations sweeping through healthcare. 

At the same time, AI will remain invisible to sick patients receiving care in hospital or at home. 

You will be completely unaware of AI when unwell, with healthcare workers around you in the normal way, but your care team will feel better supported, by more accurate diagnostics and advice.

Over $30bn a year is already being spent on AI in healthcare, with AI budgets increasing by 30% or more every twelve months.

Patrick Dixon is a global keynote speaker on HR, workplace and AI, author 18 books

NEW AI BOOK IN BESTSELLER LIST FOR 11 MONTHS IN AIRPORTS GLOBALLY - WH SMITHS

WHILE WORKPLACE WIPEOUTS from AI will be less dramatic than some fear, it is still true that in most industries the impact of AI at work will be profound, progressive, powerful. So what will all this mean for management and for leadership, for desk-based work?

AI will be revolutionary for all those who use computers every day. The greatest impact of AI will be to make lives easier for individual workers as they discover new tools. AI will remove day-today drudgery. 

Endless frustrations with badly designed software will (hopefully) disappear, and many people will find that they are able to do things that were almost impossible before. 

For example, creating a unique, high-definition AI photo for a marketing campaign, by typing in a phrase or two. Or designing a graph showing sales per product type, on Excel, just by speaking a brief instruction.

AI means more leadership and less management

For twenty years I have taught on many leadership programmes at business schools....

NEW AI BOOK IN BESTSELLER LIST FOR 11 MONTHS IN AIRPORTS GLOBALLY - WH SMITHS

FOR TWO DECADES we heard apocalyptic warnings about ‘The End of Work’. The theme is always the same. A new industrial revolution will bring large-scale automation. As a result, most unskilled jobs won’t be needed, and most middle management will disappear, creating massive job losses.

Some have claimed that 80% of existing jobs will be destroyed by AI in a decade. One tech investor made headlines recently by predicting that 1 billion robots would be walking around our workplaces in twenty years.

Let me explain based on research in my new book on AI why I am certain that such forecasts for job destruction are complete nonsense, even taking a view as far ahead as 2060.