With the Coronavirus taking over the world, one thing that has gone silent is the various experiments performed in the field of AI and how it is a potential threat to humans posed by AI. It is amusing to see that one of the most sought-after technology isn’t playing the major role some may have hoped for.
“This (pandemic) is showing what bulls--t most AI hype is. It’s great and it will be useful one day but it’s not surprising in a pandemic that we fall back on tried and tested techniques,” said Neil Lawrence, the former director of machine learning at Amazon Cambridge.1
Around the world, AI which was one of the most coveted and talked about technologies is recently, increasingly being questioned about its usefulness and ability to drive business outcomes.
When it comes to making the business run better, AI has shown more promises than performance. According to International Data Corporation’s survey, global organizations that are already using AI solutions found only 25 percent have developed an enterprise-wide AI strategy. Most organizations reported failures among their AI projects, with a quarter of them reporting up to a 50 percent failure rate.2
Why? Too many times, AI fails to deliver the positive impact that businesses really want from the technology, like more revenue, lower cost, fewer customers lost to churn, higher manufacturing quality, and lower waste and fraud.
Rather, the outcomes that we are receiving is inaccuracies.
Inaccuracies, a lot of inaccuracies
Denne historien er fra July 2020-utgaven av People Matters.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 2020-utgaven av People Matters.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY