WEBINAR: Five Strategies for Getting the Most From AI hosted by MIT Sloan Review

Super short post to tell you about today's MIT Sloan Review hosted webinar "Five Strategies for Getting the Most From AI " based on the blog post of the same name by Jacques Bughin. This shared the results of various surveys and research by McKinsey & Co.

 From this research, the highlights on developing a successful AI strategy are:

  • you need to be digital based and native already, no leapfrogging straight from an analogy business
  • don't try and do it on your own - they are not mature technologies yet, so use an ecosystem with startup partners and academia
  • be bold - take the chance to reinvent your products

The other theme running throughout was that when developing strategy you should think about growth as this lead to bigger profit gains than cost cutting. The advice was also to do it soon, from the companies survey there was a bigger boost from early adopters who innovated.

 Finally, it's about humans as much as technology. The top three reasons for why companies may not take up adaptation were about capability to use the technology, for managers to embed it, and lack of the right people skills to complement the technology.

 I was pleased to see that theme being so prominent. I feel that "Augmented Intelligence" has an important role to play. It can be a powerful tool to help us do our jobs better. Let's get computers to do the things that they are good at - pattern recognition for one - and allow us to concentrate on what we are - moral reasoning and creativity for starters!

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