The rapid advancement of artificial intelligence (AI) is reshaping industries, streamlining operations, and changing the very nature of work. For business executives and their teams, the challenge is clear: adapt or risk falling behind. This growing concern has given rise to what experts call the Fear of Becoming Obsolete (FOBO)—a mindset that, if left unchecked, can hinder progress and stifle innovation.

Understanding FOBO: Why It’s a Growing Concern

FOBO is particularly prevalent among business leaders responsible for making high-stakes decisions and among employees tasked with executing them. A recent Gallup survey found that 22% of workers worry about technological obsolescence, a significant jump from just a few years ago. The anxiety is understandable—AI-driven automation, machine learning, and intelligent software are taking over routine tasks, leaving many professionals questioning their long-term relevance.

For executives, the concern is twofold:

1. How do I ensure my business remains competitive in an AI-driven world?

2. How do I equip my team with the skills needed to thrive alongside AI?

The answer lies in a proactive approach to AI adoption, workforce up-skilling, and strategic transformation.

Turning FOBO into an Opportunity for Growth

Rather than viewing AI as a threat, business leaders can reframe FOBO as an opportunity to redefine roles, enhance productivity, and drive innovation. Here’s how:

1. Conduct an AI Readiness Assessment

The first step in overcoming FOBO is understanding where your business stands in relation to AI adoption. Executives should conduct an AI readiness assessment to evaluate which processes can be automated, where efficiency gaps exist, and how AI can support strategic goals.

Key Question to Ask: What tasks in my business could be handled more effectively by AI?

2. Invest in AI Training for Executives and Teams

AI is not just an IT or tech department concern—it impacts every level of an organization. Business leaders must develop AI literacy and empower their teams with the necessary skills to integrate AI into daily operations.

AI coaching programs, such as The AI Transformation Method™ MasterClass at Mastery Academy, help executives and employees alike understand AI's potential and practical applications.

Key Question to Ask: How can AI enhance—not replace—human decision-making in my company?

3. Redefine Job Roles to Align with AI Capabilities

Instead of fearing AI-driven job displacement, business leaders should reimagine job roles to focus on what AI cannot do—creativity, leadership, emotional intelligence, and complex problem-solving.

For example:

• Instead of a data entry specialist, businesses can create a data insights analyst role that focuses on interpreting AI-generated reports.

• A marketing manager can transition into an AI-enhanced strategist, leveraging AI-driven analytics to optimize campaigns.

Key Question to Ask: What new opportunities emerge when AI handles repetitive tasks?

4. Foster a Culture of Continuous Learning

The pace of AI development means that lifelong learning is no longer optional—it’s essential. Businesses that encourage ongoing training, certification programs, and cross-functional learning will stay ahead of the curve.

Executives should lead by example, embracing AI education and encouraging their teams to do the same. AI consultants like Steven Edwards help businesses build AI-driven strategies that prioritize education, adaptation, and implementation.

Key Question to Ask: Is my team equipped with the skills to work alongside AI, or are we resisting change?

5. Work with an AI Consultant to Build a Sustainable AI Strategy

AI adoption isn’t just about technology—it’s about transformation. An AI consultant can help executives and their teams identify growth opportunities, implement AI solutions effectively, and navigate the challenges of AI integration.

Not sure where to start? Steven Edwards, a leading AI consultant, specializes in helping businesses understand AI’s potential and implement it strategically. By partnering with an AI consultant, executives gain clarity on which AI tools will provide the most value and how to seamlessly integrate them into existing operations.

Key Question to Ask: Do I have a clear roadmap for AI adoption, or am I reacting to trends without strategy?

FOBO is a Mindset, Not a Reality

The Fear of Becoming Obsolete is not a certainty—it’s a mindset. Businesses that proactively embrace AI, invest in up-skilling, and rethink traditional roles will not only survive but thrive in the AI era. Instead of resisting AI, leverage it to accelerate productivity, decision-making, and growth.

The key to overcoming FOBO is education, adaptation, and execution. With the right strategy and support, business leaders can transform AI from a perceived threat into a powerful tool for success.

Work With an AI Consultant

Don’t let FOBO hold your business back. Work with Steven Edwards, an expert AI consultant, to develop a customized AI strategy that ensures long-term growth and success.

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