Finance and advertising are the future of AI, says Erik Brynjolfsson

The Director of the MIT Initiative on the Digital Economy and Professor at MIT Sloan School of Management, Erik Brynjolfsson was asked on the reasons behind his research on Artificial intelligence and his ideas on reshaping the working way of business and industries, let’s get down to his standpoint.
From the recent interview on Artificial Intelligence future, Erik claims these five:
- when he was questioned on companies bringing changes into their organizations regarding AI, He went on stating that the changes wholesome reflect from one process to other, so if AI is introduced in Marketing thereby it takes a reflection on production and supply chain. In his words,
“A century ago, factories electrified without rethinking their production lines and therefore saw no productivity benefits. In much the same way, machine learning technology without management and organizational change will be ineffective”
- He proclaims that the future of Artificial intelligence has a great advantage in finance and digital advertisement, due to the huge data storage.
- His take on managers adapting to Artificial intelligence was quirky,
“Managers need to understand the types of tasks that it can do better than humans, as well as those where it does not perform as well.
So managers need to understand, how the basic technology works. Adapting means understanding how to train workforces and find the right people. At the same time, managers need a sound grasp of which existing tasks can be automated, and even more importantly, what new products, services, and tasks are feasible as a result”
- In the World Economic Forum, the Future of Jobs report states that there are going to be 35% of core skills, which will change between 2015 and 2020 because of artificial intelligence,
and his opinion was to concentrate on educating people in machine learning and updating the workers on Artificial intelligence, spending much is not enough, Education can and must be reinvented, using some of the same digital tools that are transforming business.
- When the session got to its peak, the interviewer asked him about the majority of the people who are left behind with low wealth, while wealth is concentrated in a very small percentage of people.
He responded, “We live in perhaps the greatest age of technical innovation in human history. Yet many people are not experiencing the benefits of this progress — despite actively seeking to more fully participate in and benefit from the educational and work opportunities it offers.
In this era of profound digital transformation, it’s important to remember that business, as well as government, has a role to play in creating shared prosperity — not just prosperity. After all, the same technologies that can be used to concentrate wealth and power can also be used to distribute it more widely and empower more people.
At MIT, we are very proud to have launched the Inclusive Innovation Challenge [IIC] as part of the Initiative on the Digital Economy. Now in its fourth year, the IIC recognizes and rewards people and organizations that use technology in this way — to drive economic opportunity for workers.
So far, we’ve awarded over $3 million to dozens of organizations, and as a judge, I’ve been amazed at the hundreds of high-quality applicants we get each year. It makes me optimistic to see how so many businesses are already using digital technologies to create more widespread benefits.
Though the future is in artificial intelligence, upgrading to the technology and developing the skillset is all one needs to do to get with the flow.
Find a course provider to learn Artificial Intelligence Engineer
Java training | J2EE training | J2EE Jboss training | Apache JMeter trainingTake the next step towards your professional goals in Artificial Intelligence Engineer
Don't hesitate to talk with our course advisor right now
Receive a call
Contact NowMake a call
+1-732-338-7323Enroll for the next batch
Artificial Intelligence Engineer
- Sep 1 2025
- Online
Artificial Intelligence Engineer
- Sep 2 2025
- Online
Artificial Intelligence Engineer
- Sep 3 2025
- Online
Artificial Intelligence Engineer
- Sep 4 2025
- Online
Artificial Intelligence Engineer
- Sep 5 2025
- Online
Related blogs on Artificial Intelligence Engineer to learn more

Breaking Into AI Engineering: Skills, Salaries, and Demand in the US
Discover how to break into AI engineering with insights on essential skills, salary expectations, and rising demand in the US. Learn about career paths, certifications, and how to succeed in one of tech’s fastest-growing fields.

Top Four emerging job roles in AI
Explore four emerging AI job roles including AI ethicist, trainer, interaction designer, and safety engineer, each shaping the future of ethical and secure AI technology. Learn about their responsibilities and the essential skills required in this ev

Prompt Engineering
We have discussed comprehensive entitles of what is prompt engineering, types of prompts, element and method of prompt engineering, and application of prompt engineering in-detail.

5 AI Trends to Watch in 2024
Discover the top 5 AI trends that will shape the future in 2024, from advancements in natural language processing to the growing impact of AI on healthcare and beyond.

Artificial Intelligence and Machine Learning applications
Discover the vast applications of Artificial Intelligence (AI) and Machine Learning (ML) across various industries, from healthcare to finance, and learn how these technologies are transforming the way we live and work.

Top 18 Artificial Intelligence Applications in 2024
Explore the diverse applications of machine learning in various industries, including healthcare, finance, retail, and transportation.

What is Generative AI? Everything You Need to Know
Generative AI is not just a career path; it's a gateway to a future where innovation and creativity intersect. This blog uncovers why generative AI is not just a career but a pathway to shaping the future of work.

Devin AI - Friend or Foe of Software Developers
In a groundbreaking leap for artificial intelligence, US-based startup Cognition has unveiled Devin AI - an autonomous AI system capable of conceptualizing, designing, and coding software from scratch. This remarkable feat ushers in a new era, blurri

Devin AI vs. Human Engineers: Collaboration or Competition?
In the ever-evolving landscape of software development, a new contender has emerged—a digital prodigy named Devin AI. But is it here to collaborate harmoniously with human engineers, or does it pose a threat to their livelihoods? Let's dive into this

The Fastest-Growing Job Skills of 2024
Discover the top demanding career paths of 2024, complete with statistical insights, essential skill sets, and the latest certifications in RPA, Blockchain, Artificial Intelligence, Cybersecurity and Digital Marketing.
Latest blogs on technology to explore

Understanding Artificial Intelligence: Hype, Reality, and the Road Ahead
Explore the reality of Artificial Intelligence (AI) — its impact, how it works, and its potential risks. Understand AI's benefits, challenges, and how to navigate its role in shaping industries and everyday life with expert training programs

How Much Do Healthcare Administrators Make?
Discover how much healthcare administrators make, the importance of healthcare, career opportunities, and potential job roles. Learn about salary ranges, career growth, and training programs with Sulekha to kickstart your healthcare administration jo

How to Gain the High-Income Skills Employers Are Looking For?
Discover top high-income skills like software development, data analysis, AI, and project management that employers seek. Learn key skills and growth opportunities to boost your career.

What Companies Expect from Product Managers in 2025: Skills, Tools, and Trends
Explore what companies expect from Product Managers in 2025, including essential skills, tools, certifications, and salary trends. Learn how to stay ahead in a rapidly evolving, tech-driven product management landscape.

Breaking Into AI Engineering: Skills, Salaries, and Demand in the US
Discover how to break into AI engineering with insights on essential skills, salary expectations, and rising demand in the US. Learn about career paths, certifications, and how to succeed in one of tech’s fastest-growing fields.

Cybersecurity Training: Powering Digital Defense
Explore top cybersecurity training programs in the USA to meet rising demand in digital defense. Learn about certifications, salaries, and career opportunities in this high-growth field.

Why Pursue Data Science Training?
Empower your career in a data-driven world. Learn why data science training is crucial for high-demand jobs, informed decisions, and staying ahead with essential skills.

What Does a Cybersecurity Analyst Do? 2025
Discover the vital role of a Cybersecurity Analyst in 2025, protecting organizations from evolving cyber threats through monitoring, threat assessment, and incident response. Learn about career paths, key skills, certifications, and why now is the be

Artificial intelligence in healthcare: Medical and Diagnosis field
Artificial intelligence in healthcare: Medical and Diagnosis field

iOS 18.5 Is Here: 7 Reasons You Should Update Right Now
In this blog, we shall discuss Apple releases iOS 18.5 with new features and bug fixes