Beena Ammanath, the Global Deloitte AI Institute Leader, the founder of Humans For AI, and the author of “Trustworthy AI” and “Zero Latency Leadership,” has outlined a roadmap for leadership in the age of artificial intelligence (AI). With AI becoming a pervasive topic in society, there is a need for leaders to have a grounded perspective on the technology’s impact and future.
The advancement of generative AI (GenAI) models has fueled excitement and hyperbole about AI, with concerns ranging from mass workforce replacements to erosion of trust in institutions. However, it is crucial for leaders to distinguish between reality and exaggerated predictions and maintain a calm and realistic view of AI’s potential.
Data from Deloitte’s research suggests that a significant percentage of business leaders fear economic inequality and erosion of trust due to AI advancements. These concerns have in turn hindered progress in scaling AI projects, highlighting the need for leaders to address these apprehensions and guide their organizations through the transformative era of AI.
Ammanath highlights the three streams of AI progress: core technology development, implications from technology adoption, and policy and rulemaking. While technology development receives the most attention and investment, understanding and addressing the risks associated with AI adoption and establishing regulations are equally critical for a responsible transition into a future with AI.
Drawing parallels with the evolution of automobiles, Ammanath emphasizes the importance of leaders taking a measured view of AI and investing efforts in all streams of progress. By accelerating the transitional period in a responsible manner, organizations can leverage the full potential of AI while mitigating risks associated with its adoption.
In conclusion, Ammanath encourages enterprise leaders to stay grounded in reality when discussing and investing in AI, recognizing both the opportunities and challenges that come with the technology. By focusing on fostering a balanced approach to AI adoption and regulation, leaders can navigate the transitional period and unlock the greatest value AI has to offer for their organizations and society as a whole.
