10 ways AI can support learning and skills resilience (or not)
AI can do plenty in terms of learning and skills development – but educators and talent leaders also need to understand what AI tools should not be used for. ...
Brain Circuits
How can AI enable your business strategy?
Artificial intelligence is perhaps the most far-reaching technology ever created. Google’s AI business strategist Gopi Kallayil recommends asking yourself three key questions regarding your business strategy and identifies three AI capabilities you need to make it happen.
Launching your business strategy: three key questions
- What is your plan for growth this year?
- What are the priorities and challenges?
- How can you use AI to enable the strategy (the most important question of all)?
The AI capabilities needed to enable the strategy
1. An understanding of where AI is now and where it’s going
Get ahead of the curve, then constantly look inside and outside your industry to learn how others are using AI.
2. A spirit of experimentation
It’s hard to predict what’s next because new developments and capabilities are always emerging. Get in early and continually try tiny experiments to see what succeeds.
3. Smart people who have AI skills and talent
If you don’t have such people internally, you can partner with external organizations that have AI capabilities. (This could be a technology company or a consulting firm, for example.)
Key learning
Whether it’s faster and more efficient access to information, flood forecasting, or finding financial and eco-friendly solutions for excessive product returns, the steps to formulating your business strategy are the same: identify a problem, determine the desired outcome, then ask how AI can provide a better solution.
Authors
Related
Good gut: Why intuition is still essential in a world of AI
Being able to use your gut instinct remains vital for effective decision-making in a data-driven world. Here’s how to use and develop your “sixth sense”....
What is federated machine learning? A 101 guide
A collaborative approach to training AI models can yield better results, but it requires finding partners with data that complements your own. José Parra-Moyano, Karl Schmedders, and Maximilian Werner set out the...
Tool or talent – how is your organization using AI?
AI has the potential to become a super-useful teammate, but CHROs must manage its deployment with care. Answer the questions below to check how employees feel about its adoption and watch out...
Learn Brain Circuits
Join us for daily exercises focusing on issues from team building to developing an actionable sustainability plan to personal development. Go on - they only take five minutes.
Explore Leadership
What makes a great leader? Do you need charisma? How do you inspire your team? Our experts offer actionable insights through first-person narratives, behind-the-scenes interviews and The Help Desk.
Join Membership
Log in here to join in the conversation with the I by IMD community. Your subscription grants you access to the quarterly magazine plus daily articles, videos, podcasts and learning exercises.