Everyone’s talking about it, or feeling ill at ease for knowing nothing about it. Artificial Intelligence, AI, is big, growing fast, and will revolutionize business—but in ways we may not understand now. There are some key points that business leaders should understand today in order to prepare for tomorrow’s use of AI.
AI is a tool.
A woodworker probably uses a table saw. It can speed up work, it can increase accuracy, but it can also mangle perfectly good wood while cutting off a thumb. Some learning is needed by anyone using a tool in order to use it safely and productively.Those using AI today should avail themselves of what others have learned already, through trying it, reading, discussions and the seminars that are popping up. Business leaders should understand that their employees will become more productive from this technology, but it requires some upfront investment of time. The initial time spent may seem wasted, but playing around with the tools builds skills.
AI productivity potential.
The old joke goes, “Speed, quality, low price: pick any two.” But AI has the potential to supercharge all three.Many labor-intensive tasks are now sped up through AI. Some of the early adopters were computer programmers who quickly find ways to complete a particular task. They pull up Chat GPT or one of the other Large Language Models, copy their existing code and describe what they want to do next. The AI returns computer code that does it. The whole process takes a few seconds.
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