Companies are finding it harder to keep up with AI innovations, and experts warn even more complex technologies are on the horizon. These include physical AI, like robots, which Nvidia estimates as a multibillion-dollar market, and quantum computing. Both are expected to shake up various industries in the coming years. Organizations will need to adapt quickly or risk falling behind, says Joe Depa, chief innovation officer at Ernst & Young (EY).

The Rapid Evolution of AI Technologies

Depa explains that the pace of technological change is speeding up. We’re moving from simple generative AI to more advanced forms like agentic AI, and soon, physical AI and quantum computing will follow. Although ChatGPT was only developed three years ago, businesses are already seeing real value from AI, beyond just experiments. Many proof-of-concept projects remain in testing, but tangible results are emerging.

Agentic AI is starting to impact areas focused on productivity, especially in back-office tasks such as finance, procurement, and HR. It is also transforming how software is developed. Meanwhile, physical AI, including robots and automation in industries like healthcare and manufacturing, is approaching quickly, promising further disruption.

The Convergence of Multiple Technologies

Depa notes that new technologies aren’t happening one at a time. Instead, different innovations are converging simultaneously. Companies are updating existing processes, replacing outdated infrastructure, and bringing in new talent at the same time. This convergence makes adaptability a crucial skill for organizations and employees alike.

He emphasizes that adaptability isn’t just about technology — it’s about how businesses respond and change. Those that can quickly redefine their processes and train their staff will stay ahead. Firms that struggle to adapt risk being left behind in a rapidly changing landscape.

Looking ahead, many industries will face surprises they can’t yet predict. Depa says the focus should shift from solely adopting new tech to solving real business problems through better training and change management. Technologies like AI and quantum are primarily tools to address current challenges, but the human element remains essential for success.

Overall, the message is clear: the future will demand continuous learning and agility. Companies that embrace change and prepare their teams will be best positioned to thrive in this fast-moving technological era.

Inspired by

• https://www.computerworld.com/article/4117377/ey-exec-if-you-think-agentic-ai-is-a-challenge-youre-not-ready-for-whats-coming.html

Sources

• ey.com