_{Discussion with Biji Thomas}

Insights shared by Biji Thomas, also known as BT, the founder of a Dubai-based consulting company and active participant in various startups, during an interview with Kishore Dharmarajan, who runs SEO Souq in Abu Dhabi and the Digital Marketing Dubai Group. The discussion focuses on the impact of artificial intelligence (AI), particularly generative AI, on startups, established businesses, government sectors, and geographical regions.

Startups and the AI Challenge

Thomas highlights the challenges faced by startups in 2023, emphasizing the disruptive influence of generative AI. He suggests that startups need to adapt quickly to leverage AI effectively. He advocates for the "minimum launchable product" approach, where startups launch a basic product to test market response before investing heavily in development. Thomas believes this iterative approach allows for quicker feedback and adaptation, saving valuable time and resources.

Generative AI's Impact on Business Models

Thomas discusses how generative AI is transforming business models, citing the example of Beter Care, his healthcare startup in India. The company is integrating AI into its platform to enhance patient engagement, clinical outcomes, and doctor efficiency. He emphasizes that AI is not merely a futuristic concept but a present reality impacting lives.

AI's Role in Reducing Startup Failure Rates

When asked about AI's potential to mitigate the high failure rate of startups, Thomas expresses optimism. He mentions tools like the IMK application, which simulates startup progression based on input data8. He believes AI's ability to accelerate processes and provide foresight can significantly benefit startups.

Adoption of AI in Established Companies and Government Sectors

Thomas observes that established companies are adapting to AI, primarily in their product and technology divisions. However, he notes some reluctance among employees in stable roles. He also highlights the growing demand for AI professionals, particularly in areas like LLM operations.

Regarding government sectors, Thomas points to Europe's recent regulations on AI usage, focusing on data privacy. He anticipates that governments worldwide will play an active role in regulating AI while also exploring its potential to enhance efficiency.

Geographical Impact of AI

Thomas provides insight into the global distribution of AI users, citing the United States, India, and Indonesia as leading regions. He attributes this trend to factors like internet access and regulatory landscapes. Thomas expects North America to maintain its dominance in AI adoption due to favorable regulations and a thriving AI industry.

Betser Life's Embrace of AI

Thomas explains how Betser Life, his company, is adapting to the AI revolution by collaborating with Dr. M Hope, a company utilizing AI in clinical practice. He outlines their experimental approach of integrating an AI-powered interface for enhanced customer engagement and data collection in their healthcare platform.

Conclusion

Biji Thomas's insights provide a valuable perspective on the pervasive influence of AI across various sectors. He emphasizes the need for adaptability, the potential of AI to revolutionize business models, and its role in shaping the future of startups, established companies, and government sectors alike. His own company's journey exemplifies the ongoing integration of AI into real-world applications, particularly in the healthcare industry.

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