For many years, despite the promises offered by the potential integration of Artificial Intelligence into our work, the fear has been the possibility of humans becoming irrelevant in the workplace due to advanced technology like AI.

Now that businesses are injecting AI into different components of their operations and individuals using the many available AI tools to catalyse work, what should you be worried about? AI or AI in the hands of people?

Karim Lakhani, a professor at Harvard Business School who specialises in workplace technology and particularly AI shares significant insights seeking to answer this question.

The article dissects how AI will transform the world of business and society, and what leaders need to do to prepare for the changes. Here are the main points from the Article

  • AI will lower the cost of cognition, just as the internet lowered the cost of information transmission. This will create new opportunities and challenges for businesses and individuals.
  • AI will not replace humans, but humans with AI will replace humans without AI. This means that people who can leverage AI to augment their skills and capabilities will have a competitive advantage over those who do not.
  • Leaders need to experiment, create sandboxes, run internal boot camps, and develop AI use cases not just for technology workers, but for all employees. They also need to foster a culture of learning, collaboration, and innovation.
  • AI will also have ethical, social, and environmental implications that leaders need to consider and address. They need to ensure that AI is used responsibly, fairly, and sustainably.

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