Mr Richard was speaking at the Annual SSTN, Ghana Chapter Business Conference 2024 on the theme: "SMART Africa: Leapfrogging the Conventional and Transforming Business with Al."

He said with the opportunities available with the adoption of Al tools, businesses on the African Continent and especially Ghana could be able to leapfrog conventionally in the way they do their operations and contribute to the economy.
He said there were a lot of Al tools that were available to businesses, but they were not aware, so the Conference was to highlight to the business community some of these tools and how they could adopt them.

Mr Richard said adopting these Al tools, businesses must be very strategic as well so that they do not probably invest in infrastructure they do not need.

The President said the network was committed to pursuing business growth technology.
He said the event brought together industry leaders, experts, and aspiring entrepreneurs, to create a platform for knowledge sharing, networking, and the adoption of cutting-edge Al solutions.

He said the Conference offered a unique opportunity for those passionate about digital transformation, Al applications, expanding market research and networking with industry to gain valuable insights to advance their businesses.

Mr Richard said the Conference was to ignite a revolution in African businesses, empowering entrepreneurs and industry leaders to harness the transformative power of Al.

Mr Moses Kwesi Baiden, Chief Executive Officer of Margins ID Group, reiterated the transformative role Al is playing, especially in advanced countries enabling businesses to circumvent problems around seamless production and transaction, reducing production hours significantly.

He emphasised that even though Al was taking away some jobs, it was also creating several new high-technology careers, hence the need for labour to upscale and keep up with the trends.
He said for businesses, staying competitive in a world rapidly adopting Al would require proactive strategies.

He said they needed to consistently invest in Al training for the team and every member must get at least basic Al skills. "People need to be trained effectively to use Al as a tool. Begin with the most basic Al tools to automate basic production processes like inventory and customer service then expand based on impact," he added.

He urged businesses to leverage Al for customer insight and optimize business processes as this could lead to incredible transformations.

The conference brought together over 100 top business owners to brainstorm and acquire new ideas about how to adopt Al for growth.