Not doomsday, AI will Ring in modernisation: C S Venkatakrishnan, Barclays

Barclays' CEO C S Venkatakrishnan's statement that AI will modernize systems rather than eliminate jobs highlights the potential for artificial intelligence to augment existing processes. This sentiment is particularly relevant in the context of India's strong growth and digital transformation, which is reshaping its global economic standing. For website owners, this means that AI is likely to play a significant role in streamlining online operations, improving user experience, and enhancing digital presence. As AI-powered tools become more prevalent, website owners can expect to see increased efficiency in areas such as content generation, customer service, and data analysis. This, in turn, can lead to improved engagement, conversion rates, and ultimately, revenue growth. Website owners who adapt to AI-driven modernization can gain a competitive edge in the market. To stay ahead of the curve, website owners can take the following actionable steps: monitor AI bot traffic to their site using tools like llms.txt, optimize their content to be AI-friendly, and explore AI-powered tools to enhance their website's functionality and user experience. By doing so, they can harness the potential of AI to drive modernization and growth, rather than viewing it as a threat.