Rapid advances are being made in the development of artificial intelligence (AI). While it has been successfully deployed in manufacturing to raise plant productivity and cut costs for quite some time, AI continues to march into other areas with great speed so much so that people are beginning to wonder if computers will soon begin to replace both leaders and managers.
With the greater use of computers and AI in the production of goods and services in the global economy, a consequence has been that job creation has slowed down in most economies both developed and developing. This has social consequences as political leaders and policy makers will have to come up with new ways of job creation to keep vast populations usefully employed.
The cover story in this issue of Today’s Manager highlights that AI can best be used for anything that is based on pattern recognition.
AI struggles when it comes to coping with ambiguous new and complex conditions, especially when they involve people’s emotions.
This means that going forward, leaders will be increasingly called upon to focus on higher skills requiring creativity, managing people, emotions and politics, dealing with ambiguity, uncertainty and crises, innovation, and managing change.
AI is a hot topic for many companies as so many are deliberating as to its pros and cons, hence in this issue, we delve deeper into this topic.
Apart from that, we have our usual columns covering various management and leadership issues and do check out my interview with the senior Vice-president of Siemens Singapore for my regular column too.
Quite a few of Today’s Manager’s regular columnists have their own take when it comes to AI, do have a read…Till the next issue!
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