The World Economic Forum (WEF) takes place in Davos, Switzerland this week. Artificial Intelligence will have a great impact on our world economy in the coming years, thus should be included in the discussions.
SwissCognitive promotes smart technologies around the globe. This also entails, that we want to make sure we are discussing artificial intelligence in a productive and constructive way including all relevant players. A place like the WEF is perfect to get conversations started. Below, we listed 9 areas we think need urgent attention and solutions.
Against the old budget
Does your company have an AI strategy? If yes, how can you make sure that AI innovation is not constantly gobbled up by your core business? Companies have their daily business, which needs attention, resources and often takes priority over AI. So, what are the best AI survival strategies?
While we discuss the question “Is artificial intelligence a hype or real trend?” others already perform very well in the new AI industry. Therefore, we must learn how we can move past the hype and start working on improving businesses. There is no question that AI is here to stay, it is time we start treating it that way.
Be realistic! Smart technologies are no magic wand you can wave, and all problems magically disappear. Is your company struggling to adapt and adopt? Have you tried to talk with other companies? Because they struggle too, and together one is faster in getting over initial hurdles.
Do we have the right leaders? Do we need new leadership skills? Would the younger generation be more suited to lead? Successful AI needs a data driven mindset in your company. How can we ensure this with well-established leaders with a different mindset?
To match AI to old business models is tricky. Companies must change their way of thinking about their business. It is not enough to digitalize processes, processes must be reimagined as digitized processes. So how can we successfully transform our old revenue models to fit the new possibilities?
We need more experts
Currently, artificial intelligence is producing more jobs than can be filled. A lot of experts are missing or do not possess the right skill set. This begs the questions why we are talking about theoretical job replacements by humanistic robots? Jobs will be lost, however currently more are created.
What are today’s benefits when companies integrate smart technologies in their product and services? There are many playful gadgets out on the market, which are not super useful. Nonetheless, artificial intelligence can be applied in very beneficial ways without making a big splash. We need to share experiences to make the benefits a reality as soon as possible.
Our kids will live in a future full of smart technologies. Why do we exclude them from discussions about smart technologies? Or asked the other way around, how can we best include them in our discussions?
AI is a tectonic shift for our economy and society. Why have just a few countries worldwide an AI strategy? We think governments need to make use of the huge potential that AI has for their people and get working on a good strategy.