{"id":44461,"date":"2021-01-04T01:30:00","date_gmt":"2021-01-04T06:30:00","guid":{"rendered":"http:\/\/blog.cybercon1.com\/?p=44461"},"modified":"2021-01-04T01:30:00","modified_gmt":"2021-01-04T06:30:00","slug":"artificial-intelligence-is-great-for-day-to-day-stuff-but-it-cant-build-a-business","status":"publish","type":"post","link":"https:\/\/blog.cyberconservices.com\/index.php\/2021\/01\/04\/artificial-intelligence-is-great-for-day-to-day-stuff-but-it-cant-build-a-business\/","title":{"rendered":"Artificial Intelligence Is Great For Day-To-Day Stuff, But It Can’t Build A Business"},"content":{"rendered":"\n

By Joe McKendrick<\/a> – Let\u2019s face it, artificial intelligence <\/strong>is probably one of the best management tools to come along since the first commercial computers rolled out decades ago. It can show and predict when customers are ready to buy, it can tighten up supply chains, and help prioritize the work of teams. The management potential of AI<\/strong> algorithms is unlimited. Still, when it comes to actual leadership, AI<\/strong> falls flat on its face.<\/p>\n\n\n\n

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\u201cAI will be able to do almost any managerial task in the future. That is because of the way we define management as being focused on the idea of creating stability, order, consistency, predictability, by means of using metrics \u2014 e.g., KPI,\u201d says David De Cremer, founder and director of the Centre on AI Technology for Humankind at the National University of Singapore Business School and author of Leadership by Algorithm: Who Leads and Who Follows in the AI Era?<\/em><\/a><\/p>\n\n\n\n

Still, AI is beset by bias and overhyped promises<\/a>. Most organizations reported some failures among their AI projects, with a quarter of them reporting up to 50% failure rate, a survey<\/a> by IDC showed. Lack of skilled staff and unrealistic expectations were identified as the top reasons for failure.<\/p>\n\n\n\n

Still, there are zones where AI has potential to excel in a big way \u2014 such as at repetitive tasks in which it could replace many managerial functions. That\u2019s as far as AI\u2019s potential reaches \u2014 inspired, visionary business leadership is still very much a human skill, De Cremer points out in a recent\u00a0interview<\/a>\u00a0published at Knowledge@Wharton. AI algorithms can never replace the qualities of human leadership. The perception that AI may be in charge is understandable \u2014 \u201cwe are moving into a society where people are being told by algorithms what their taste is, and, without questioning it too much, most people comply easily. Given these circumstances, it does not seem to be a wild fantasy anymore that AI<\/strong> may be able to take a leadership<\/strong> position.\u201d Read On:<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Joe McKendrick – Let\u2019s face it, artificial intelligence is probably one of the best management tools to come along since the first commercial computers rolled out decades ago. It can show and predict when customers are ready to buy, …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[638,640,706],"tags":[639,641,707],"class_list":["post-44461","post","type-post","status-publish","format-standard","hentry","category-ai","category-artificial-intelligence-ai","category-leadership","tag-ai","tag-artificial-intelligence-2","tag-leadership"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":31481,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2019\/03\/27\/artificial-intelligence-regulation-may-be-impossible\/","url_meta":{"origin":44461,"position":0},"title":"Artificial Intelligence Regulation May Be Impossible","author":"Rick Backus","date":"March 27, 2019","format":false,"excerpt":"By Michael Spencer - Artificial intelligence is a tool humanity is wielding with increasing recklessness. We say it\u2019s for our common good with machine learning hype equal to business profits. But what happens when we don\u2019t have the code of ethics, laws, government accountability, corporate transparency and capability of monitoring\u2026","rel":"","context":"In "AI"","block_context":{"text":"AI","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/ai\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.cyberconservices.com\/wp-content\/uploads\/2019\/03\/evolution-3885331__340.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":31540,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2019\/04\/17\/ibms-artificial-intelligence-strategy-is-fantastic-but-ai-also-cut-30-of-its-hr-workforce\/","url_meta":{"origin":44461,"position":1},"title":"IBM’s Artificial Intelligence Strategy Is Fantastic, But AI Also Cut 30% Of Its HR Workforce","author":"Rick Backus","date":"April 17, 2019","format":false,"excerpt":"By Dan Pontefract - Ginni Rometty is CEO, president and chairman of IBM. She has held the top job since 2012. When she joined the company in 1981, total headcount across IBM was roughly 350,000. By 1994, under the direction of CEO Lou Gerstner, headcount dropped to around 225,000. When\u2026","rel":"","context":"In "AI"","block_context":{"text":"AI","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/ai\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.cyberconservices.com\/wp-content\/uploads\/2019\/04\/sorry-3160426__340.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":44445,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2020\/12\/23\/artificial-intelligence-ai-whats-in-store-for-2021\/","url_meta":{"origin":44461,"position":2},"title":"Artificial Intelligence (AI): What’s In Store For 2021?","author":"Rick Backus","date":"December 23, 2020","format":false,"excerpt":"By Tom Taulli - This was a banner week for AI (Artificial Intelligence).\u00a0The reason?\u00a0Well, C3.ai came public and soared on its debut.\u00a0It\u2019s certainly a validation of the importance of enterprise AI.\u00a0Keep in mind that C3.ai provides comprehensive software solutions and services for a myriad of large companies, including 3M, Royal\u2026","rel":"","context":"In "AI"","block_context":{"text":"AI","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/ai\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2020\/08\/24\/16\/02\/loading-bar-5514303__340.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2020\/08\/24\/16\/02\/loading-bar-5514303__340.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2020\/08\/24\/16\/02\/loading-bar-5514303__340.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2020\/08\/24\/16\/02\/loading-bar-5514303__340.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":33105,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2020\/01\/28\/artificial-intelligence-the-benefits-to-revenue-cycle-management\/","url_meta":{"origin":44461,"position":3},"title":"Artificial Intelligence: The benefits to revenue cycle management","author":"Rick Backus","date":"January 28, 2020","format":false,"excerpt":"By Peter Joseph - Artificial intelligence (AI) is a concept that has moved very quickly from the realm of science fiction into real and practical utility in a number of different industries\u2014including healthcare. 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