In a world driven by innovation, sitting on the sidelines is the quickest way to get left behind as a seismic shift is taking place in the world today, and three key drivers are responsible for the transformation: technology, artificial intelligence (AI), and business innovation.

While these forces are reshaping the global economic landscape, the big question for Pakistan is: will we just be sitting on the sidelines, or will we surf the wave and carve out a meaningful space for ourselves in this brave new world?

With a young population that promises to unleash immense potential, this is too important an opportune moment not to factor in.

Across the world, we are seeing the incipient stages of what many are now referring to as the Fourth Industrial Revolution. In contrast to the industrial revolutions of bygone eras, this current iteration isn’t solely focused on machines or mass production. Instead, it’s centred on something far more potent—intelligence. And by intelligence, we mean data-driven intelligence, and how it can be applied to get the best possible results from nearly every area of human activity.

Once a mere tech-buzzword, AI is now a fundamental economic growth pillar. Predictive analytics in the healthcare realm and autonomous vehicles typify a new app-driven phenomenon of enhanced efficiency and completely new industries.

OpenAI, Tesla, Google, and other big firms are leading this charge, but pay attention to how different national competitors are positioning themselves to benefit from or be disrupted by these developments.

Investing heavily in technology and education has paid off for countries like South Korea, Singapore, and Israel; they are now reaping the rewards. These nations have directed their energies toward the creation of an innovative ecosystem that supports startups and the generation of an impressively........

© Business Recorder