Delaware. In the ever-changing world of global business, the imperatives of digital transformation, driven by breakthrough technologies such as artificial intelligence (AI) and blockchain, have transitioned from a luxury to a necessity. This is especially true for countries grappling with economic hardships and uncertainty.
Digital Literacy as a National Priority
In Ukraine, the economy is experiencing significant difficulties. On the one hand, unemployment is rising; on the other, there is a shortage of qualified personnel. How can businesses and, consequently, the economy be saved? The answer is technology, especially AI and Web3. More automation for optimization, more new tools, more transparency, speed, and equal opportunities for work, such as remote work.
What is needed for this? To integrate technologies deeper and wider into all spheres of life. Therefore, tech literacy is everything. That is why Mykhailo Patsan, an experienced Ukrainian investor and entrepreneur, founded the first university in Ukraine specializing in Web3 and artificial intelligence technologies—”Learn to Earn Global”.
“Learn to Earn Global”: Innovation in Education During Crisis
“Learn to Earn Global” was launched in 2022, after the start of the full-scale war in Ukraine. Patsan believes that advanced technologies and innovations are effective tools for supporting businesses and the economy as a whole during a crisis. In wartime, when specialists are mobilized and people are forced to leave their homes, businesses must continue to operate for the country to persevere.
And it works. Even in the conditions of war, the “Learn to Earn Global” university actively integrates technologies into education and business. With over 21,000 students and a multitude of courses in AI and Web3, the university equips both young professionals and experienced experts with the tools necessary to thrive in the digital world.
The Use of AI for Business: Trends and Opportunities
Artificial intelligence (AI) is transforming industries and stimulating demand for new skills in the technology sector. The U.S. Bureau of Labor Statistics projects a 35% growth in data analyst positions by 2031, underscoring AI’s impact on job creation. By 2025, the AI software market is expected to reach $126 billion, indicating robust growth across many sectors.
In healthcare, according to Reports and Data, the AI market will exceed $60 billion by 2027. The retail sector also shows significant progress, with Facts & Factors forecasting a market size exceeding $20 billion by 2026. Furthermore, Market Insight Reports predicts that AI in banking and finance will grow to $130 billion by 2027. These developments point to an increase in AI-related jobs across various industries.
Despite concerns about job losses due to automation—the World Economic Forum mentions the potential loss of 75 million jobs in 2022—technology is also a powerful job creator. It is expected to create around 133 million new positions, many of which have yet to be developed. McKinsey & Company notes that while less than 5% of jobs can be fully automated, most will change, especially to support AI systems.
A new role in this evolving landscape is that of the prompt engineer, highlighting the specialized skills needed to navigate the AI-driven market.
Businesses that have integrated AI, including with the help of Patsan and “Learn to Earn Global” services, can gain significant benefits, especially in sales and business development departments:
- Sales departments report saving up to 10 hours per week per manager.
- Revenue increases by 14%.
- Potential customer leads grow by at least 50%.
- Call time decreases by 60-70%.
- Costs are reduced by 40-60%.
These metrics demonstrate AI’s potential to optimize operations and increase profitability, making it a critical asset for competitive enterprises.
AI should not be feared. It is already benefiting many areas and business processes. AI technologies are actively used in the defense industry and allow for rapidly increasing the efficiency of specialists and promoting business development.
Expanding Horizons: Patsan’s Venture into the US Market
Recognizing the global nature of digital trends, Patsan is now extending his expertise to the US market, aiming to assist businesses in harnessing AI and Web3 to gain a competitive edge. His experience in driving digital transformation and his deep understanding of technological applications make him an invaluable ally for companies looking to innovate and adapt to the digital age.
The journey of digital transformation is fraught with challenges but also rich with opportunities. Mykhailo Patsan’s endeavors highlight the transformative potential of digital technologies not just in overcoming present challenges but also in paving the way for future innovations. As businesses worldwide grapple with rapid technological changes, the insights and expertise offered by leaders like Patsan are more crucial than ever.
Embrace the Digital Future Today
Businesses must embrace digital trends and innovations to remain competitive. With Mykhailo Patsan ready to lead the way, the path to digital excellence is not just a possibility but a tangible reality. Engage with his expertise to navigate the complexities of digital transformation and secure leading positions in the technology-driven market landscape.
In Patsan’s own words: “I believe that in difficult economic conditions, during wartime, when specialists are being mobilized and there is a shortage of qualified personnel, artificial intelligence becomes a tool that helps businesses maintain their development dynamics. Ukraine is one of the first countries to implement many digital initiatives (Diia, Mriia, ProZorro, etc.) at the state level, so educating citizens should help integrate and accelerate these processes, which are definitely beneficial.”
Contact Information:
Mykhailo (Michael) Patsan
mp@learntoearn.global
LinkedIn: https://www.linkedin.com/in/michaelpatsan/
X: https://x.com/michaelpatsan
Website: https://mpatsan.com/
Learn to Earn Global Website: https://learntoearn.global/
