This 32-page report delves into AI’s impact on company business models— focusing on how AI integration will affect business operations, job roles, and skills. Drawing insights from surveys involving 3,000 C-level executives across 28 countries and 21,000 workers in 22 countries, the findings reveal that 40% of executives foresee the need for workforce reskilling within the next three years because of AI adoption. Encouragingly, 87% believe that generative AI will enhance job roles instead of replacing them, reinforcing the notion of the “augmented workforce.” This collaborative synergy between humans and machines has the potential to unlock productivity and deliver substantial business value. For instance, as technology becomes more user-friendly, employees can achieve more with less technical expertise (e.g., using no-code software development platforms). And as machines assume routine and mundane tasks, there is a growing emphasis on essential people skills like team management, effective teamwork, communication, and adaptability to change. Figure 2 illustrates how these people skills are becoming increasingly critical for workers to possess, considering advances in AI and technology. Beginning on page 22, the ‘Action Guide’ offers practical strategies for organizations navigating this evolving human-machine partnership. Several other ideas are discussed.