Davia Temin, Bruce Molloy, Jayanth Kolla, Leadership, “Reputation Matters,” Forbes, December 8, 2017
This past June, Fortune Magazine asked all the CEOs of the Fortune 500 what they believed the biggest challenge facing their companies was. Their biggest concern for 2017: “The rapid pace of technological change” said 73% of those polled, up from 64% in 2016. Cyber security came in only a far second, at 61%, even after all the mega hacks of the past year.
So, what does “technological change” entail? For almost all Fortune 500 CEOs, it means, in part, artificial intelligence. And, as we wrote in our piece yesterday on Forbes.com, “Forget The Hype: What Every Business Leader Needs To Know About Artificial Intelligence Now,” AI is on the lips of almost every global CEO and Board of Directors.
But apart from the Big 8 technology companies – Google, Facebook, Microsoft, Amazon, IBM, Baidu, Tencent, and Alibaba – business leaders, especially of earlier generations, may feel they don’t know enough about AI to make informed decisions.
We made a series of 6 suggestions of how board members and C-suite executives can begin to understand this brave new world of AI, Machine Learning, and Deep Learning. And, after being asked by a number of people to break that list out for them, we include it, slightly modified, here. […read more]