The AI era is not an unprecedented bubble but the next phase in a recurring pattern where each new computing cycle (mainframe, PC, internet) is roughly 10 times larger than the last. This historical context suggests the current massive investment is proportional and we are still in the early innings.
The primary barrier to enterprise AI adoption isn't the technology, but the workforce's inability to use it. The tech has far outpaced user capability. Leaders should spend 90% of their AI budget on educating employees on core skills, like prompting, to unlock its full potential.
Contrary to expectations, analysis shows that sectors with low profit per employee, such as healthcare and consumer staples, stand to gain the most from AI. High-tech firms already have very high profit per employee, so the relative impact of AI-driven efficiency is smaller.