Technology » AI Competitiveness
How can companies and governments unlock the full benefits of AI to build competitive advantage?
The sooner CEOs come to grips with the value-risk tradeoffs of using A.I.-driven systems, the better they will be able to cope with both regulations and expectations in an A.I.-driven world.
As firms embed more and more artificial intelligence in products and processes, attention is shifting to the potential for algorithms to make bad or biased decisions. Inevitably, many governments will feel regulation is essential to protect consumers. In a new article published by Harvard Business Review, we look into how this regulation might take shape and what it means for companies.
The way governments, institutions, and companies—the triple helix of business innovation—interact influences an ecosystem’s formation, especially when an entire nation treats a technology as a strategic priority.
The real lesson that China’s A.I. experience teaches us is that in the world of artificial intelligence, as in the case of human intellect, it’s critical to go a mile wide—and many miles deep.
As the post-pandemic recovery takes shape, companies will have to tap into the myriad ways in which A.I. can boost revenues if they are to get ahead of rivals.
In order to manage chronic uncertainty, companies must act on three vectors — they must predict the future, improve their ability to react with agility, and cushion the impact of unforeseen events by being better prepared — and A.I. can be used as an ally for all three.
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