The use of artificial intelligence (AI) has surged and accelerated in recent years. According to a Harvard Business Review article, 52% of companies have accelerated their AI adoption plans, with 86% making AI the norm in their business. According to another survey, 95% of CTOs, CIOs, CIOs, and CTOs surveyed said AI will be the most important driver of innovation in nearly every industry over the next five years. But, interestingly, few leaders realize that the impact of AI goes beyond IT, whether in marketing, customer service or human resources with the help of an M&A Advisor.
Artificial intelligence technologies have become transformative tools affecting all industries, business functions and the interaction between people and computers. It is now essential for business leaders to familiarize themselves with existing and emerging technologies in order to prepare for the inevitable implications for management.
The Oxford Artificial Intelligence Program at Said Business School, University of Oxford is designed for managers and leaders who need to better understand the applications and possibilities of AI. At the end of the six-week program, you will have a practical business case for implementing technology in your organization.
Is artificial intelligence killing jobs?
Although the media frequently stretches the impression that AI will lead to robots substituting human workers, the changes might be more delicate than that. It’s more likely that career paths, industries, and the simple day-to-day manual tasks of your job will evolve. In fact, by 2025, 50% of all employees will need to learn new skills.
In order to fully understand the impact of AI on the future of work, you need to explore the key capabilities of AI technologies from a business perspective. Here are three main vital areas to discover:
- The impact of artificial intelligence on business
Different types of AI impact different types of businesses and services. Here are some of the AI technologies and applications that businesses can use to their advantage:
- Machine learning
- Rule-Based Systems
- Natural language understanding
- Activity Recognition
- Automating
- Evolutionary algorithms
- Amplification of intelligence
- Robotics
- The influence of AI on the society and workforce
AI is feared by a lot owing to a lack of sympathetic. However, this fear may not be as valid as previously thought. The World Economic Forum recently determined that more jobs will rise in demand than those that will decline due to AI. By 2025, he estimates that 97 new jobs will exist.
MIT professors and industry experts from the online short course Artificial Intelligence: Implications for Business Strategy provide an in-depth understanding of how AI and machine learning can be integrated to your business strategy.
- The ethical implications of AI
As technology advances, the ethical issues and implications of using machines in partnership with humans also increase through M&A Advisory.
Companies will need to consider algorithmic biases and inequities, as well as the challenges that AI poses within society and the state. This topic is explored in the London School of Economics and Political Science’s (LSE) three-week AI Ethics online course.
Other AI ethics topics include:
- Autonomous vehicles
- Outsourced workers
- Surveillance and Privacy
AI is coming and rapidly changing the business landscape. Being at the forefront of AI adoption in your business will put you ahead of the competition and make your team more efficient. Through short online courses like the ones featured here, employees can learn how to use AI, which ultimately benefits your organization.
