With the extreme pace of technological advancements, how should leaders think of developing and retaining their people to make them high performing?
When I started 20 years back, technology was still there, but it was slow moving. We witnessed serious advancements of technology perhaps every 5 years or more and older technologies stayed longer. Fast forward to the current times, we see exciting new technology emerging every few months with the potential to disrupt all walks of human life.
Businesses are finding it difficult to navigate this “technology bloat” as I call it. And businesses are nothing but the employees who run them. I feel a leader should have open conversations with employees. They need to start mentoring them on taking personal ownership in upskilling and reskilling. Back in the olden days, employees expected their managers to guide them through their career. But today, the most impactful thing would be to create a platform for learning and experimenting inside companies.
Motivate employees to master the relevant technologies that can grow the business. It is important to educate employees that though modern technology appears to be encroaching into daily work, if we can learn to use them as aids, we can become 100x more productive. Today’s leaders have to encourage their employees not to see technology as a competition but more as an aid to create higher quality output.
Tell us a little bit about how should a leader balance between the phenomenal promise of technology – specifically AI – and the ethical responsibilities?
The pace at which technology is evolving, government regulations at least will not be able to keep up with the advancements. And in a way it is not bad, we do not want to kill the spirit of innovation with ill-formed laws. This is where I see ethics and self-governance will play a critical role in the coming decades.
This story is from the October 2023 edition of CEO Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2023 edition of CEO Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE FUTURE OF RETAIL IN THE INDIAN BATHWARE INDUSTRY: CHALLENGES AND OPPORTUNITIES
Known as a general management specialist, Sudhanshu Pokhriyal has worked with major corporations including Asian Paints, Coca-Cola, Raymond, and SC Johnson for more than 20 years. Ever successful with managing complicated scenarios, he enjoys coming up with creative win-win solutions and handling challenging negotiation circumstances. He is a strategicminded, analytical risk-taker with a track record of developing and implementing long-term strategies across industries and businesses.
MINI MONESH CEO, BIOWEAL - ON A MISSION TO LEAD BIOWEAL TOWARDS GLOBAL PROMINENCE
Mini, a devoted pet parent to Pluto and Becky, is a compassionate individual known for her fun-loving demeanor at home. Her husband, Monesh Dange, is a Chartered Accountant, while her son Mayank pursues his studies at London Regents University. Beyond her familial roles, Mini is a dedicated lawyer with a fervent passion for advocating animal rights, as well as women and child rights. Her commitment to making a positive impact in her community shines through her legal work, showcasing her advocacy for those who need it most.
TCS & IIT-BOMBAY LAUNCH INDIA'S FIRST QUANTUM DIAMOND MICROCHIP IMAGER
Tata Consultancy Services (TCS) and IITBombay have joined forces to pioneer India's inaugural quantum diamond microchip imager, a groundbreaking sensing apparatus designed for semiconductor chip analysis.
ETIHAD AIRWAYS IN INDIA IS SET TO THRIVE WITH THE BACKING OF CSK PLAYERS
Hitachi, and Google Cloud have joined forces in a multi-year partnership aimed at boosting enterprise innovation and efficiency through generative AI.
NEW MARKETS, NEW BRANDS: TAILORING SUCCESS FOR DIFFERENT PLACES
In an interaction with Bimlesh, Correspondent at CEO Insights magazine, Joseph contends that creating conducive environments for employees to excel in these three aspects defines effective leadership.
THE ROLE OF SUSTAINABILITY IN CORPORATE GOVERNANCE & OPERATIONS
In an interaction with CEOInsights India, Rangaraj shared insights on sustainable corporate governance, highlighting key integration strategies and government regulatory frameworks.
SP SINGH - NAVIGATING ENTREPRENEURSHIP WITH LEADERSHIP IN QUALITY PRODUCTS
The role of a CEO in a business is pivotal, encompassing leadership, strategic decisionmaking, and overall management.
TOP 10 CEOs IN CONSUMER PACKAGED GOODS - 2024
Leading with Quality, Delivering Trust
HIRING MASTERY: HOW TO GET THE RIGHT TALENT FOR YOUR ORGANIZATION
Finding the ideal candidate in today's competitive job market has become challenging for employers.
RIGHT TECHNOLOGY & BRIGHT LEADERS: REFORMING THE AUTOMOBILE SECTOR
Vineet is a veteran and an inspirational business leader in Automotive Industry with over 35 years of varied leadership experience, especially in 4-Wheel Automotive Lighting Industry. He holds a B.E. in Mechanical from Delhi College of Engineering and PG Diploma in Business Management from MSPI-Delhi.