Sunday, May 26, 2024

Successful billionaire entrepreneur reveals top skill for AI era, it’s not coding

Co-Op post

In this era of Artificial Intelligence, you might be surprised to learn that the most important skill that many young people need to learn has been around for thousands of ages.

According to Scott Galloway, a successful entrepreneur who sold his enterprise for Sh. 7 billion ($130 million), the most important skill for young people today is not a new one.

Galloway sold L2 Inc., a research project he established in 2005, which grew into a business intelligence consultancy helping brands market to online audiences.

The New York University Stern School of Business professor cautioned that for a world that is increasingly reliant on technology, the art of effective communication is the most important skill to learn.

He opined that while platforms may evolve, the ability to articulate ideas well coupled with data sets and visuals is timeless.

“If I could give my 13 and 16-year-old one competence that I think would stand the test of time, it’d be storytelling,” said the 59-year-old.

Galloway emphasized that regardless of the storytelling medium, what truly matters is the ability to effectively communicate ideas.

He stressed the importance of developing skills in writing, articulating ideas, and presenting them using various tools like data, infographics, and slideshows.

Galloway noted that while the future of coding and AI remains uncertain, storytelling will continue to be a valuable skill. He also noted the importance of identifying one’s strengths and becoming an expert in that area.

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“We don’t know if in five years some neural network is going to replace ChatGPT. We don’t know if the coding is going to be outdated,” he said.

Understanding AI is crucial, but it’s not the only skill for success at work. Employers value a blend of soft and hard skills such as analytical and creative thinking, leadership, and curiosity.

“Find a niche, no matter how narrow it is, and try and own it. Commit to being one of the most knowledgeable people in the world on a domain … You’re never going to be an expert in anything if you don’t enjoy it.”

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