“In 50 years, this 18-month period being we’re in now will be seen as being crucial for the future of the AI community. It’s when the AI community finally woke up and took itself seriously and thought about what to do to make the future better”. – STUART RUSSELL
In the new digital era powered by Artificial intelligence and Machine learning, businesses face a fundamentally different leadership challenge. Leaders will need to create new organizational narratives about the nature of work, the role of people and machines in the evolving organizational landscape.
AI helps business leaders to make decisions based on data crunching and helps in predictive modeling through automating business processes, reduce cost through data analytics, and engaging with clients and employees through chatbots, intelligent agents, and Machine learning.
How AI can change the landscape of future leadership and decision making is calibrated below.
Resource Management: The objective of resource management is to manage resources to add maximum value for the clients and stakeholders. AI can be used to build data-driven decisions to analyze and implement changes to the management of policies including but not limited to recruitment, talent management, performance management. For example, AI could use data analytics to ensure a fair recruitment process free from any unconscious bias.
Machine learning and Coaching: There has been a significant advancement in the field of machine learning, a subset of AI. Along with enhancing machine skills, an increasing amount of data is being collected and information on human behavior is being monitored. AI will help in developing new ways of training the digital workforce by integrating machine learning with human skills. This will enable leaders to upskill their employees in cutting edges techniques.
Acquiring New skills and breaking away from the past: AI is transforming how decision-makers do their jobs and the new age leaders need to become receptive to this change that is making waves at the corporate corridors with astounding alacrity. This means letting go of outdated ideas, preconceived notions, and past experiences. As AI increases in scale and drives further change, businesses that embrace training and upskilling employees with new skills will reap the rewards.
Become AI wise and Decision making: AI wise leaders should facilitate innovation, collaborate between human and AI, transforming operations, adapt to the dynamic market place by keeping pace with the evolving technologies. AI will help business honchos in decision-making through data modeling and predictive analysis.
Artificial intelligence will impact the ways the leaders manage their businesses in the future. The conventional leadership methods are giving way to new opportunities in the business world. The Newlineinfo Corp has pioneered the consumption of AI in its operations and is set to make an indelible mark in the future.