Canada’s rankings in innovation has lagged that of other peer nations for decades despite government efforts to address this issue. Considering its success in developing research programs at its universities, its mediocre rankings overall in technology development is disappointing. Those programs alone have not been enough to translate into entrepreneurial innovation.
A 2017 C.D. Howe Institute study points out that, even though Canadians have been at the forefront of breakthroughs in emerging technologies, in many cases, the chief beneficiaries of those breakthroughs have been other nations’ economies. Canada needs to take a stronger role in building an environment in which...
If you’ve read the many predictions about the future of AI, you’ve likely found them to be wildly different. They range from AI spelling doom for humanity, to AI ushering in Golden Age of peace, harmony and culture, to AI producing barely a blip on society’s path toward ever-greater technological achievement.
Those three views – dystopian, utopian and organic – present issues we need to consider as we move deeper toward an AI-integrated future. Yet they also contain exaggerations and false assumptions that we need to separate from reality.
The Dystopian View of the AI Future
Those with a dystopian view of...
Artificial Intelligence (AI) is becoming ever more important, and not just in automating repetitive, manual labor jobs. Increasingly, it also enters the realm of highly trained knowledge workers. New. AI-driven world will require different skills.
Systems like IBM Watson augment the expertise of tax preparers, lawyers, doctors and many other highly trained professionals. Corporate executives use AI’s ability to gather, analyze and run extensive simulations on data to help them make better-informed decisions. The applications for AI appear almost unlimited.
The implications are clear. AI will reshape not just operations, but also all other aspects of the business world. So, how...
AI leaders must adapt to the changing culture as young workers enter the job market with expectations strikingly different from the ones that leaders traditionally have encountered. These changes within their own business culture are not, though, the only culture changes to which leaders will have to adapt.
AI and other emerging technologies are accelerating the process of globalization. For example, as 3D printers become more prevalent, manufacturers will sell designs rather than finished products. Breaking into new markets won’t be a multiyear, investment-heavy effort. Emerging technologies will greatly reduce logistics requirements and expand old, geographically limited markets into one,...
Where AI, robots, IoT and the so-called Fourth Industrial Revolution are taking us, and how we should prepare for it are some of the hottest topics being discussed today. Perhaps the most striking thing about these discussions is how different people’s conclusions are. Some picture a utopia where machines do all work, where all people receive a universal basic income from the revenues machines generate and where, being freed from a need to work for wages, all people devote their time to altruism, art and culture. Others picture a dystopia where a tiny elite class uses their control of AI to horde all the world’s wealth and trap everyone else in inescapable poverty. Others take a broad view that sees minimal disruption beyond adopting new workplace paradigms.
Growing reliance on AI will not likely result in any of the three most common views of how AI will affect our future. Each view is founded on assumptions that fail to consider all the realities of AI.
That leaves us, however, with an important question as we plan our company’s – and our own – future in an increasingly AI-enabled world: “What will that world look like?”
AI impact on economy
The effect AI will have on the economy is massive. Such was the conclusion of a 2017 PwC report, Sizing the prize: What’s the real value of AI for your business...
Whether AI and the technologies it enables will reach their full potential depends on the workforce that will work alongside them. Yet the skills that that workforce needs to do this are in short supply. Rather than debating what to do about massive job losses from AI, discussion should focus on how best to prepare workers' skills for the types of jobs that they will need to fill.
A shifting job picture
A 2017 McKinsey’s report says that approximately half of all activities done by the current workforce could be automated. They point out, however, that this does not point to...
If you’ve read the many predictions about the future of AI, you’ve likely found them to be wildly different. They range from AI spelling doom for humanity, to AI ushering in Golden Age of peace, harmony and culture, to AI producing barely a blip on society’s path toward ever-greater technological achievement.
Those three views – dystopian, utopian and organic – present issues we need to consider as we move deeper toward an AI-integrated future. Yet they also contain exaggerations and false assumptions that we need to separate from reality.
The Dystopian View of AI Future
Those with a dystopian view of emerging technologies...
Ask people on the street how much AI uses today affect their lives, and most would probably answer that it doesn’t affect them right now. Some might say that it’s pure science fiction. Others might say that it may affect our future but isn’t used in our world today. Some might correctly identify a few ways it’s used in modern technology, such as voice-powered personal assistants like Siri, Alexa and Cortana. But most would be surprised to find out how widely it is already woven into the fabric of daily life.
Today’s business leadership face a conundrum. Artificial Intelligence (AI) unquestionably will play an enormous role in the future of their organizations and the business environment in which they operate, but what effects will it have? Prognosticators have wildly different visions of the future it will create, ranging from causing the extinction of humanity to ushering in a Golden Age in which machines provide all humanity’s needs and free us to focus on altruistic service to one another and the advancement of human culture.
Both of these most commonly heard predictions are based on assumptions that lead to wild speculation that...
AI’s effect on the workplace will not be limited merely to repetitive, production line-type jobs. Increasingly, it also enters the realm of highly trained knowledge workers. It will also affect those who manage workers currently employed in such jobs. AI likely will reshape jobs all the way up to the C-level offices. That doesn’t mean, though, that managers and executives will no longer be needed. They simply need to prepare themselves for shifts in their work responsibilities.
In my latest article Why AI Is Neither the End of Civilization nor the Beginning of Nirvana I argued that AI will bring...
In the summer of 1956, a small gathering of researchers and scientists at Dartmouth College, a small yet prestigious Ivy League school in Hanover, New Hampshire, ignited a spark that would forever change the course of human history. This historic event, known as the Dartmouth Workshop, is widely regarded as the birthplace of artificial intelligence (AI) and marked the inception of a new field of study that has since started revolutionizing countless aspects of our lives.