With artificial intelligence (AI) surrounding and affecting most of us in many aspects of our daily lives, it raises a question: How will it change leadership for businesses around the world?
Gartner, Inc. forecasts that the worldwide AI software market will reach $62 billion this year and that "the top five use case categories for AI software spending in 2022 will be knowledge management, virtual assistants, autonomous vehicles, digital workplace and crowdsourced data." PwC reports that by 2030, AI will potentially contribute $15.7 trillion to the global economy. The colossal potential for AI technology will sweep across the world and change the needs and requirements of businesses and employees.
CEO
The CEO is the captain of the metaphorical ship and is responsible for managing a company's overall operations. For the last five to 10 years, CEOs have been (or should have been) thinking about becoming data-driven, lowering costs while boosting profit, driving innovation and efficiencies and promoting the overall health of their company. AI may have been woven into some of these aspects, but were they top of mind? Will a complete overhaul of people, processes and strategy need to change? The answer is yes.
Today, CEOs who are on the "pulse" must now make decisions that drive digital strategy, including AI, and seriously consider emerging roles like a chief AI officer (CAIO) or chief data officer (CDO). The existing organizational structure will need to change (very significantly, as far as I am concerned) to accommodate the needs and realize the immense opportunities of a digital-first organization. AI and automation technologies need to become an available competency across all departments. Analysts and engineers need to work closely with business roles to get AI to work for the organization.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/10/06/how-will-ai-technology-change-leadership-in-the-future/?sh=59e8683d5d4f
Gartner, Inc. forecasts that the worldwide AI software market will reach $62 billion this year and that "the top five use case categories for AI software spending in 2022 will be knowledge management, virtual assistants, autonomous vehicles, digital workplace and crowdsourced data." PwC reports that by 2030, AI will potentially contribute $15.7 trillion to the global economy. The colossal potential for AI technology will sweep across the world and change the needs and requirements of businesses and employees.
CEO
The CEO is the captain of the metaphorical ship and is responsible for managing a company's overall operations. For the last five to 10 years, CEOs have been (or should have been) thinking about becoming data-driven, lowering costs while boosting profit, driving innovation and efficiencies and promoting the overall health of their company. AI may have been woven into some of these aspects, but were they top of mind? Will a complete overhaul of people, processes and strategy need to change? The answer is yes.
Today, CEOs who are on the "pulse" must now make decisions that drive digital strategy, including AI, and seriously consider emerging roles like a chief AI officer (CAIO) or chief data officer (CDO). The existing organizational structure will need to change (very significantly, as far as I am concerned) to accommodate the needs and realize the immense opportunities of a digital-first organization. AI and automation technologies need to become an available competency across all departments. Analysts and engineers need to work closely with business roles to get AI to work for the organization.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/10/06/how-will-ai-technology-change-leadership-in-the-future/?sh=59e8683d5d4f
