FUTUREFIT Sri Lanka - Mastering Productivity With AI & Digital Excellence

Productivity is a prerequisite for growth, a simplest yet most powerful concept in growth. Yet, 73% of businesses fail in the effort to deliver on time, budget or outcome. Often mistaking productivity as the goal rather than the means to the goal.

We have ample evidence-based research to back up our claim about why you cannot miss getting ahead of the productivity curve in today’s fast-paced world to thrive, and in some cases, even to barely survive.

Here are some snippets around future productivity & AI sensemaking to tell you why you can’t afford to sit back & just hope to catch up!
(You can’t)

• The gap between the productivity growth of advanced and other economies is so massive that it will take an average of 34 years for
  an entity in the fast lane of productivity growth to converge to the productivity levels of advanced economies. (Source: “Investing in
  Productivity Growth”, McKinsey Research)
• Those in the middle lane will require up to 130 years to converge if the productivity levels of the last quarter century are achieved in
  the future. The ones in the slow lane have zero chance of ever converging.
• Generative AI is now considered the biggest technology leap since the Internet. No less than 60 percent of all job hours will be
  replaced by Generative AI by 2050. Imagine being late to this party. You simply cannot afford it.
• Overall technical automation potential in businesses is estimated to improve to 63 percent with AI versus 51 percent without AI. It is
  really a no brainer you would rather go for 63 and not 51!