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Calming Down Nervous Business Leaders As AI Proliferates

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Wall Street Journal

I am an author, independent researcher and speaker exploring innovation, information technology trends and markets. I served as co-chair of the 2023 AI Summit in New York, as well as the 2021 and 2022 Summits. I regularly contribute to Harvard Business Review on AI topics.

Members of corporate boards are getting nervous about artificial intelligence, along with the potentials implications for their businesses, it is reported.

“While the long-term promise of AI is still enormous, a combination of aggressive marketing by AI vendors and positive public opinion puts unreasonable expectations on a nascent technology,”, global chief information security officer of LexisNexis Risk Solutions, told Forbes. “AI still has significant limitations, including environmental impacts of high power demand, unsatisfactory outcomes due to hallucinations in many areas and other issues typical in the evolution of early-stage technologies.

Business leaders’ nervousness about AI arises from a “mismatch between the benefits businesses expect from AI adoption and what the technology can deliver today,” Villanustre said. Add to this “limitations in AI technology that can hamper business processes, and even expose organizations to significant risk.”

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