What’s Your Strategy to Survive Artificial Intelligence?
Renaissance Methodology Transforms Strategy To Thrive With People, Processes & Technology
The topic of Artificial Intelligence (AI) comes up frequently with leaders looking to get ahead strategically and make more money. Many questions arise like; job loss, wonderment how far productivity can advance and possibilities of utopia versus the classic fear technology will take over. In lieu of uncertainties businesses still must have successful strategy that thrives leveraging intelligent technology. Today a methodology called Renaissance helps leaders to build a strategy that brings more money through stronger operations. Its success comes from pushing technology with employee’s ability to adopt it so customers get greater experiences while profits soar.
To win big in the rapidly advancing technology, Renaissance teaches you to consider two views of the world to help develop your individual philosophy to live and lead. One view offers, “change is the only constant in life” while the other one is; “new beginnings are constant in life”. Same point but the second view comes across more optimistic. The first one people, see more as the pains involved with endings and struggles of beginnings. Those focused on, new beginnings being constant, see opportunity more readily and tend to create more innovation and positive vibe for themselves and others.
Leaders embracing innovation and daring enough to rock the boat with intelligent technology will prosper while those who don’t risk survival. Ironically those adopting increasingly radical intelligence risk persecution. Maybe due to AI’s correlations to doomsday predictions fueled by megabuck Hollywood films and national bestselling authors. Meanwhile, in the real world, leaders are inspired to build strategy involving AI because striking advances happen daily in big ways like applications that check ear infections to save doctor visits and small ways like weather applications with real-time info readily available for free.
History shows winning CEOs focus on embracing advanced technology and find ways to create buy-in and build innovation.
How to map out a new beginning: Renaissance methodology recommends taking immediate actions for the 1-3 year strategy. Champions need to be identified internally and directed to the cause of revenue growth. Even though there will be resistance, controversial internal philosophical views, conspiracy theories and fear of change, thus, internal human re-engineering is the key. Renaissance makes customer experience paramount during reengineering which is a secret to reducing resistance because it’s hard to argue with pleasing the customer or exceeding expectations.
Addressing change, fear and excitement to create new beginnings.
Great Renaissance leaders approach senior teams and frontline people knowing they will have to work as counselors to reduce doomsday anxiety and empower breakthrough thinking instead. Reengineering strategy and people’s responsibilities inside working teams is demanding so be flexible so people are empowered and can build a cutting edge strategic plan that actually works. Having the customer’s voice as feedback along the way provides assurance of being on the right strategic path before spending too much on wrong ideas. Worked together, these are savvy steps to make more money.
To raise buy-in and innovation in the strategic plan, a history lesson goes a long way to condition people’s minds.
- In BC times, Greek myths of Hephaestus and Pygmalion incorporated the idea of intelligent robots as Talos and artificial beings such as Galatea and Pandora.
- In the 1st century, Heron of Alexandria created mechanical men and other automatons (mechanical machines doing daily jobs).
- In 1260 BC Al-Jazari created a programmable orchestra of mechanical human beings.
- In 1642 Blaise Pascal invented the mechanical calculator, the first digital calculating machine.
- In 1923 Karel Capek’s play R.U.R (Rossum’s Universal Robots) opened in a London playhouse where it is reported to be the first use of the word “robot” in English.
- In 1956 the name “artificial intelligence” is used for the first time as the topic of the second Dartmouth Conference, organized by John McCarthy.
Throughout history, AI has been conceptualized and attempts to engineer it progressed us to the turning point we are at today. This is why AI Renaissance methodology is important for CEOs to adopt strategically now as exponential growth happens.
- In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. I wonder how many people believed in 1998 that in just 3-5 years it would be rare to take pictures on film.
- Look at Airbnb, founded in San Francisco, CA in 2008 and is now the biggest hotel company in the world, although they own zero properties. Guess what; hotel conglomerates are not happy and looking for ways to legislate and get competitive safeguards. What is fair versus unfair may be in the eye of the beholder.
- Look at Uber, founded in San Francisco, CA in 2009 and is actually a software company. They do not own any vehicles, however, they are the biggest taxi company in the world. This Uber shift has caused “trench warfare” between Uber drivers, taxi drivers and their passengers fighting about change at the street level all the way up to national and even international political levels. Sociological patterns in commuting shifted because leaders pushed new beginnings despite fights against change.
- Consider how AI takes jobs in professional trades. Attorney’s jobs in the US are being taken over by machines. With the help of IBM Watson, people have access to legal counsel with certain issues within seconds. Plus AI delivers about 85% accuracy as opposed to about 70% accuracy when done by humans. This indicates only specialist attorneys will remain and the need for human attorneys may drop by 70% in 10-years.
- Medical professionals are on the hit list too. IBM Watson already helps nurses diagnosing cancer, 4 times more accurate than human nurses. The spike in healthcare professionals and predictions of their stable jobs over the next decade are not guaranteed. Tens of thousands of doctors are predicted to lose jobs depending on which survey you read. The spoils of victory for doctors, nurses and staff seem more likely to go to the people led by leaders who’s strategic plans ally with advanced technology.
Technology is becoming exponentially better in analyzing and comprehending our world and continues progressing to the next humanistic level. In 2015 Microsoft and Google beat the best human at image recognition for the first time. The program, Baidu, beat humans in recognizing two languages. Also in 2015, ShortMicrosoft and the China University of Technology and Science taught a computer network how to take an IQ test and it scored better than a college postgraduate. In early 2016, a computer beat the best Go player in the world, 10 years earlier than expected. AI chess programs outwit Grand Master players on a regular basis so what is their cognitive limit? END of History Review.
Future smart machine progression requires taking actions now. Today Facebook has pattern recognition software that can recognize faces better than humans and Mark Zuckerberg is not stopping there. In 2030, predictions say computers will become more intelligent than humans. So getting back to doomsday predictions, some reports speculate that technology will take 70% of the jobs. Does this make a case for AI Renaissance in your business and if so where would you begin?
Step up and begin Renaissance in your business today.
What happened to Kodak and many other companies will continue in all industries around the world. Strikingly, most people don’t comprehend the massive changes coming. This paradigm shift is exploding and evolving the way people communicate, visualize, commute, commerce, date, relate, learn, provide, serve, deliver, manufacture, design and even how we eat and breath. Consider the little-known fact that in some regions of Russia today newborn babies are implanted with ID chips which fully illuminate the need of passports or driver’s license so imagine the possibilities. Business leaders are at the forefront of an Industrial Revolution like nothing ever seen and there so in the next 10 years, the majority of traditional industries will be disrupted.
It’s time to take action to prepare your business for tomorrow to thrive. Be aggressive, do proper due diligence and adopt technology only as long as customer experience is enhanced. Remember, your best assets are the people and processes you create for tomorrow. Embrace Renaissance methodology to navigate complexities of change and watch new beginnings emerge with even happier customers and growing profits.