Preparing Leaders For The Artificial Intelligence Age Posted on : Dec 02 - 2020

Technological disruptions are redefining the era of rapid business transformation and changing the future of work, management, the implications for organizations and how they can navigate to the next horizon.

Artificial intelligence is one of the most disruptive technologies fueling this radical transformation. AI is replacing the nature, scope and scale of work and forcing enterprises to revise traditional business models in order to stay competitive.

As AI impacts businesses of all shapes and sizes across all industries, there is no reason to believe that leadership will be spared from the influence of AI. In fact, I believe it is very likely that AI will supplement many aspects of leadership, including responsibilities related to the processing of facts and information.

Although such changes bring valid concerns to leaders, it is also important to understand how AI can be used to empower leaders for effective decision-making in the future. From my perspective, AI can enable leaders to:

• Realize the value of learning: In today’s dynamic world, information about markets, technologies and processes is something leaders cannot overlook. Leaders in the AI age must be eager to learn and open themselves to feedback from team members, peers and employees for the benefit of the organization. This will institutionalize the process of learning to accept, welcome and leverage the knowledge about this disruptive technology to strengthen effective leadership within the organization.

• Drive innovation: As conventional leadership is giving way to new approaches, I believe leaders who embrace AI will be able to drive better decision-making and competitiveness among organizations. These executives could then move their organizations toward the ability to adapt and innovate processes across the business. As a result, leaders will be required to focus on employing multiple options to incorporate AI and develop innovative solutions to accelerate its adoption across organizations.

• Make informed decisions: Often, leaders bring emotional intelligence, critical thinking and moral judgment in decision-making. Yet, the human brain has limitations. AI enables leaders with hard evidence and predictions to make informed decisions powered by data and algorithms. View More