News/Leadership
AI Upskilling: 3 Strategies to Future-Proof Your Workforce
The rapid rise of generative AI is creating both opportunities and challenges for businesses, with leaders struggling to understand and implement these technologies while guiding their organizations through disruptive change. The AI skills gap: A significant disparity exists between the potential of generative AI and the current ability of employees to effectively utilize these tools in their work. Many organizations are grappling with how to bridge this skills gap and ensure their workforce is prepared for the AI-driven future. The need for upskilling extends beyond technical roles, as generative AI has the potential to impact various aspects of business operations...
read Aug 3, 2024Industrial AI Surges Despite Challenges in Understanding, Implementation, and Staffing
The industrial sector is embracing AI to enhance operations, but challenges remain in understanding, implementing, and staffing these advanced technologies. Growing enthusiasm for AI in industrial applications: Decision-makers in the industrial AI space are increasingly eager to expand their use of AI technologies to improve workloads and uncover new use cases: 94% of decision-makers surveyed by Honeywell have plans to expand their utilization of AI technologies. More than 9 in 10 respondents have discovered use cases for AI that they had not initially planned. 26% of respondents said decisions on future deployments have already been made following initial implementations of...
read Aug 3, 2024How Our Personal Choices Today Will Shape the Future of AI
The rapid advancement of artificial intelligence (AI) technology is reshaping our world, presenting both opportunities and challenges that will significantly impact our future. As we navigate this technological revolution, our individual choices and actions play a crucial role in determining the direction and impact of AI on society. The evolving landscape of AI: The Internet of Things (IoT) is expanding into the Internet of Everything, blurring the lines between users and tools: AI capabilities now extend to complex tasks such as composing music and driving vehicles, highlighting the technology's growing influence on various aspects of our lives. The choices we...
read Aug 2, 2024AOL Co-Founder Shares Lessons from Early Internet Era to Navigate AI Revolution
The rise of AI is reminiscent of the early days of the Internet, with important lessons to be learned as we navigate this transformative technology. Steve Case, co-founder of AOL, shares insights from the Internet era that can guide us through the AI revolution, emphasizing the need for inclusive growth, responsible innovation, and bridging the digital divide. Drawing parallels to the Internet's adoption curve: Case highlights the similarities between the early stages of the Internet and the current state of AI, noting that widespread adoption and impact may be just around the corner: In the early days of the Internet,...
read Aug 1, 2024Embracing Agility: How to Thrive in the Evolving World of Generative AI
The world of generative AI is rapidly evolving, and organizations must embrace agility and experimentation to effectively harness its potential and remain competitive. Adapting to the GenAI landscape: Adopting an agile, iterative approach is crucial for organizations looking to successfully integrate generative AI technologies: Companies should foster a culture of experimentation, continuously testing, refining, and adapting their AI models based on real-time feedback and performance metrics. Cross-functional collaboration between technical teams, business stakeholders, and end-users is essential to ensure that AI applications are not only technically robust but also aligned with key business objectives and user needs. Real-world examples of...
read Aug 1, 2024How AI is Reshaping the C-Suite
The rapid integration of artificial intelligence (AI) into high-level business operations is reshaping corporate governance and strategic decision-making, with profound implications for C-suite dynamics and responsibilities. Pressures to integrate AI: Corporate boards and investors are increasingly pushing CEOs to develop comprehensive AI strategies and implement systems that enable real-time, data-driven decision-making: Investors are demanding more rigorous and transparent models, particularly in areas like revenue forecasting where AI can provide strategic insights. AI has demonstrated the capability to offer strategic recommendations at the C-suite level when provided with relevant data, but its integration is not without challenges. Balancing AI insights and...
read Aug 1, 2024Why the Best Path to ROI for Generative AI is Simplicity in Design
The growing need to justify AI projects with clear ROI calculations has led many organizations to adopt a simplified approach that focuses on enhancing existing applications and metrics, rather than building entirely new AI systems. This shift is helping IT teams deliver value faster while reducing the scope and complexity of AI projects. Key Takeaways: Leveraging existing applications and metrics as the foundation for AI projects offers several compelling benefits: Teams can bypass the need to create and gain consensus on new ROI calculations, allowing them to deliver prototypes much faster. Using mostly the same data and application logic simplifies...
read Jul 29, 2024How to Cultivate Essential Skills for Success In the AI Era
The rapid advancement of artificial intelligence (AI) is set to dramatically reshape the future of work, necessitating a new set of skills for individuals to remain valuable in the job market. Two core skillsets for an AI future: To stay relevant in an AI-driven world, individuals will need to develop a combination of AI skills and human soft skills: AI skills involve the ability to effectively use, collaborate with, delegate to, and supervise AI tools, as well as understanding their capabilities, limitations, and ethical implications. Human soft skills represent abilities that AI cannot yet match, such as strategic thinking, creative...
read Jul 27, 2024How to Use AI to Empower Human Creativity, Not Replace It
AI tools can support brainstorming, research, content creation, project management, and customer service, freeing up human minds to focus on the truly imaginative aspects of work. AI as a springboard for human creativity and curiosity: AI capabilities can ignite human inspiration and innovation by generating ideas, analyzing data, and optimizing workflows, allowing professionals to concentrate on refining concepts and developing the best solutions. The Stanford AI Index 2023 shows that humans still excel in long-form storytelling, while AI can revolutionize the brainstorming and filtering process, generating ideas at scale. As technology becomes more sophisticated, the question shifts from whether AI...
read Jul 24, 2024Collaboration: The Key to Unlocking Generative AI’s Potential and Enhancing Human Teamwork
The importance of collaboration skills in the era of generative AI is highlighted in this article, which emphasizes the growing significance of soft skills as AI systems continue to evolve and transform industries. Here is a summary of the key points: Collaboration as a critical skill for genAI success: As generative AI applications expand, the ability to work effectively with diverse groups becomes crucial for driving successful outcomes and ensuring responsible AI development: Collaborating with people from various backgrounds and skill sets enhances problem-solving abilities, creativity, and innovation in AI projects. Sharing knowledge about prompts, language models, and best practices...
read Jul 23, 2024Empathy, Creativity, and Leadership: Human Skills AI Can’t Replace in the Workplace
The future of work will be shaped by uniquely human skills that AI cannot replicate, according to Jotform CEO Aytekin Tank, who highlights key job functions that are likely to remain the domain of human professionals even as AI adoption increases. Empathy as a critical human skill: Roles that require empathy, such as therapists, social workers, teachers, and healthcare professionals, are unlikely to be replaced by AI: Studies show that while AI can initially provide emotional support, people ultimately prefer empathy from humans and feel less "heard" once they realize the responses are AI-generated. Empathetic professionals offer comfort and reassurance...
read Jul 22, 2024ServiceNow Study: Companies Investing in AI See Returns But Face Scaling Challenges
A new ServiceNow study reveals that companies investing heavily in generative AI are starting to see positive returns, but most are still in the early stages of adoption and face challenges in scaling the technology across their organizations. Key findings from the AI Maturity Index: ServiceNow surveyed nearly 4,500 respondents from 21 countries to assess companies' progress in adopting generative AI: The average AI maturity score was 44 out of 100, with the highest score being just 71, indicating that most companies are still in the early stages of AI adoption. On average, companies are spending about 9% of revenue...
read Jul 22, 2024How to Achieve Product-Market Fit with Your AI Strategy
The AI boom appears to be faltering as organizations struggle to turn AI investments into reliable revenue streams, enterprises find generative AI harder to deploy than anticipated, AI startups are overvalued, and consumer interest wanes. Refocusing on product-market fit: Before rushing to rebuild their organizations around AI, leaders should ensure they are using the right tools to meet the actual demands they are trying to address: The rush to apply AI to every conceivable problem leads to many products that are only marginally useful or even destructive, as seen with examples like government chatbots giving incorrect advice and tax preparation...
read Jul 17, 2024How Overcoming Bad Data and Digital Divides In Organizations Will Increase AI Adoption
The vast majority of AI proof-of-concept projects fail to reach production due to digital boundaries, digital employees, and bad data, according to Capgemini research. Addressing these challenges requires a fundamental rethinking of how businesses approach AI adoption. Data quality is a major obstacle: Many organizations have become accustomed to working with subpar data, which poses significant risks as AI increasingly drives business decisions: By 2030, AI is expected to make 50% of business decisions, particularly in autonomous supply chain applications, making poor data quality unacceptable from a risk perspective. Digital employees cannot wait for cleaned-up data to make operational decisions,...
read Jul 16, 2024How to Harness Human Skills and Thrive in the Age of Artificial Intelligence
The rapid advancements in AI technology are raising questions about how professionals can stay relevant in a changing work landscape, but focusing on developing and strengthening uniquely human skills will be crucial for success in the age of AI. Interpersonal skills remain a challenge for AI to duplicate: While AI can automate simple conversations, more complex interactions still require the soft skills that only humans possess. Technology is not seen as a replacement for the personal nature of human relationships, and skills like conflict resolution, emotional intelligence, and effective communication continue to be highly valued by organizations. Chatbots are limited...
read Jul 12, 2024VentureBeat Recognizes the Top Women Shaping the Future of AI
VentureBeat announced the winners of its sixth annual Women in AI Awards, recognizing women leaders and changemakers in the field of artificial intelligence. The winners were chosen based on their commitment to the industry, work to increase inclusivity, and positive influence in the AI community. AI Entrepreneur: Jenny Dearing, co-founder and CEO of 1337, won for pioneering a transformative shift towards co-creating content and simulating the life of AI entities, inventing new ways people engage with creators, brands, and others online. Dearing's company is creating a platform to create and manage digital influencers at scale by combining AI with the...
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