Business owners in Pakistan are advised to use artificial intelligence to help revolutionize their sectors.
At the “+92Disrupt” conference hosted by Katalyst Labs, entrepreneurs, business executives, and academics discussed the benefits of using Artificial Intelligence (AI) into Pakistan’s domestic sectors. The event showcased success stories and discussed the game-changing potential of AI in the country’s commercial environment with the goal of inspiring and motivating the startup community.
Speakers at the conference urged young business owners to see setbacks not as obstacles, but as chances to learn and improve. They used a well-known Urdu couplet to remind people that hardship may be a stepping stone to greater success. There will be ups and downs in business, but the goal is to keep going and make things better, as was emphasized during the conference.
Habib University’s Associate Dean of Teaching and Learning Anzar predicts that AI will dramatically alter Pakistan’s business landscape. He said that large corporations are already aware of AI’s advantages and that the technology will spread rapidly across several industries in the coming months. Anzar stressed the need of business leaders using AI and contributing to its advancement by doing both.
The promise of AI to speed up the automation of industrial processes was a major talking point during the event. Speakers pointed out that AI may expedite operations, boost research capacity, and contribute to the development of new products. It was stressed that AI may be a useful tool for businesses to provide digital solutions for capacity expansion and even successful rebranding.
Unilever Pakistan Limited Chairman and Chief Executive Officer Amir Paracha has urged young business owners to remain in Pakistan and contribute to the country’s development. He emphasized that low salaries are a business problem and advised corporations to develop strategies to progressively increase pay. Paracha emphasized the need of developing robust business models that can weather global crises in order for startups to thrive.