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The president of the AIRD, Julio Virgilio Brache, and the expert Antonio Novas, among others.
Santo Domingo – McKinsey & Company senior partner Antonio Novas suggested that the country could import some of the talent it needs
Antonio Novas, a senior partner at McKinsey & Company, said yesterday that the country lacks the talents to benefit from artificial intelligence (AI).
Novas gave a talk titled “The Economic Potential of Generative AI: The next frontier of business productivity” at the Association of Industries of the Dominican Republic (AIRD) business meeting and suggested that the country could import some of these talents.
He explained that a challenge for the country is the conviction of entrepreneurs that AI is necessary to implement.
In his opening speech, Julio Virgilio Brache, president of AIRD, stressed that, although artificial intelligence presents challenges, it constitutes a crucial opportunity for Dominican companies to remain competitive in the Fourth Industrial Revolution.
“AI not only optimizes repetitive tasks, but allows companies to anticipate patterns, improve the supply chain, and make more informed decisions,” he said.
He points out that AI “would allow us to adjust production, inventories, logistics, thus taking better advantage of market opportunities.”
During his speech, A Novas explained the transformative impact of Generative AI, cataloging it as the fourth great technological revolution after computing, the Internet, and mobile devices.
He pointed out that this technology has the potential to generate between 2.6 and 4.4 trillion dollars in global economic value, directly impacting sectors such as advanced manufacturing, health, banking, and logistics.
“Generative AI not only facilitates content creation, but profoundly transforms the way we produce, serve, and understand the world,” Novas said.
He stressed that to maximize the potential of this technology, companies must focus not only on adopting AI but also on strengthening their organizational capabilities, managing data effectively, and fostering a culture of continuous improvement.
Funny because I am currently studying AI in Canada at university and at one point the Dominican Republic was a country I considered relocating to
They should plug AI into the new body cams worn by police and military at the haitian border. Half the force would be sent to jail in the first week. Imagine that? the people accepting all the bribes getting what they finally deserve
This article is very vague. Is it stating that DR needs more workers skilled in AI oversight, data analysis, AI ethics, and machine learning model management? All of these can be done remotely or by specialized third party. For example, some small banks use third party companies to handle fraud prevention.