The Race for Artificial Intelligence—Who Will Be the True ‘Achiever’?

There was a time when people would trace their fingers on paper maps to find their way, seek inspiration in the nib of a pen before writing, and carry door keys around their necks before unlocking their phones. Today, these scenes are almost unimaginable. Now, to avoid traffic jams in Dhaka, you simply rely on Google Maps with your phone in hand for directions. While writing a document, whether it’s for correcting spelling or converting speech to text, voice-to-text features are the go-to solution. And you no longer need a password to unlock your phone—facial recognition technology does the job. The power behind all these conveniences is called artificial intelligence, or AI.

At first, it may have seemed that AI was merely a playground for tech companies. But research shows that it presents the greatest opportunity for every industry’s future. According to consulting firm Accenture, when executives from the world’s two thousand largest companies mentioned AI during their earnings discussions in 2021, their share prices jumped by an average of 40 percent. In 2018, this figure was only 23 percent. In other words, the firms that are embracing AI seriously are earning the market’s vote of confidence.

However, surprisingly, after so much discussion and analysis, only 12 percent of organizations are true “AI Achievers.” These companies earn about 30 percent of their total revenue from AI-driven initiatives. In comparison, the rest are still stuck at the initial stages. Analysts predict that by 2024, this number will more than double—rising from 12 percent to 27 percent.

Dhaka-based businessman Rakibul Hasan commented on this, “In today’s world, if you’re not talking about AI, your business seems unimaginable. But talk alone isn’t enough; it has to be implemented. Those who move forward with courage will be the ones to succeed.”

Research shows that organizations recognized as ‘Achievers’ don’t just use AI for cost-cutting. Instead, they leverage it to tap into new markets, gain customer trust, and operate environmentally responsible businesses. For example, Madrid’s historic metro rail system has reduced its electricity consumption by 25 percent through AI-powered data analytics. Meanwhile, a food delivery company is using deep learning to optimize delivery routes for drivers—saving time and increasing customer satisfaction.

According to Accenture, at least three out of every ten investments in AI are fully implemented, and in 42 percent of cases, the returns exceed expectations. This means AI is not a distant dream, but rather the driving force of today’s real economy.

Still, the challenges are significant. Legal complexities, lack of data security, and shortage of skilled workforce are major hurdles in healthcare and financial sectors. Renowned technology analyst Professor Anisuzzaman warns, “Using AI isn’t just about progress. It must be done responsibly. Otherwise, the technology that solves problems today might become the source of tomorrow’s issues.”

In conclusion, the question is no longer whether AI will happen or not. Now, it’s a matter of time—who will move ahead, and who will fall behind. This rapidly spreading technology is also creating vast opportunities for Bangladesh. Those who boldly leverage AI strategically today will lead tomorrow’s business and society. And those who hesitate may find themselves merely spectators.

The future is clear: AI will be the new benchmark for competition. The only question is—are you ready to participate in that race?