​Is anyone else scared that AI will replace their business?

Obviously, everyone has seen the clickbait titles about how AI will replace jobs, put businesses out of work, and all that doom-and-gloom stuff. But lately, it’s been feeling a bit more realistic. I just did a quick Google search for “how many businesses will AI replace,” and I came across a study by McKinsey & Company claiming “that by 2030, up to 800 million jobs could be displaced by automation and AI globally”. That’s only 5 years away.

Friends and family working in different jobs / businesses like accounting, manufacturing, and customer service are starting to talk about it more and more. For context, I work in software development, and it feels like every day there’s a new AI tool or advancement impacting this industry, sometimes for better or worse. It’s like a double-edged sword. On one hand, there’s a new market for businesses looking to adopt AI. That’s good news for now. But on the other hand, the tech is evolving so quickly that it’s hard to ignore that a lot of what developers do now could eventually be taken over by AI.

Don’t get me wrong, I don’t think AI will replace everything or everyone overnight. But it’s clear in the next few years that big changes are coming. Are other business owners worried about this too?

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