Why Business Leaders Should View Artificial Intelligence As A Co-Pilot

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Darren Person is the chief product and technology officer at KyMaxTech. Read Darren Person's full executive profile here.

published by the Pew Research Center in July 2023 indicated that in 2022, “19% of American workers were in jobs that are the most exposed to AI, in which the most important activities may be either replaced or assisted by AI.” What’s more, a June 2023by outplacement firm Challenger, Gray & Christmas found that in May 2023, 3,900 jobs were cut due to AI. On the flip side,Business leaders shouldn’t approach AI from these two extremes.

Business leaders should not approach AI with an “us versus them” mentality. As the saying goes, “If you can’t beat them, join them.” Think about this: When your industry is being disrupted, who better to take the helm than you? However, some business leaders have jumped to the other extreme, using AI to replace employees. Companies are generally trying to reduce costs and grow simultaneously. With AI in the mix, there’s arguably greater tension between these two goals—executives might be inclined to view AI as a quick cost-saving measure. But this, in my view, is not the answer in many cases. Over-reliance on AI could hinder or dismantle critical business functions.

When employees can skip the repetitive parts of their roles and accomplish specific tasks faster, they have greater leeway to develop and implement the ideas that will usher in the next wave of innovation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Business Leaders Should Have Knowledge of Historical and Current EventsWith the seemingly endless array of bad news, it’s natural to want to look away.
Source: RollingStone - 🏆 483. / 51 Read more »

Paramount's Shari Redstone is open for business, but business may not be open for herParamount Global controlling shareholder Shari Redstone is open to doing a transformative deal, but market conditions are making it very difficult.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Paramount's Shari Redstone is open for business, but business may not be open for herParamount Global controlling shareholder Shari Redstone is open to doing a transformative deal, but market conditions are making it very difficult.
Source: CNBC - 🏆 12. / 72 Read more »