LEADERSHIP INSIGHTS

AI is analytics on steroids

Dan Sly
Fri 27 Sep
Share
AI is analytics on steroids

Welcome to the latest in a series of brief interviews with guest experts from KnowledgeBrief’s Innovation Programme, providing a window into the experts’ latest ideas and new advice for executives.

Following the Innovation Day in September, Dr Viktor Dörfler (VD) from University of Strathclyde Business School gave us an interview to discuss Artificial Intelligence (AI).

KB: What’s the key business challenge that organisations need to address, that your research tackles?

VD: The main challenge for most businesses is to figure out the possible role(s) of Artificial Intelligence (AI) in their particular context. The bottleneck today is not so much in producing further or better AI solutions. We already have excellent AI, one of the best solutions is here in the UK, it is DeepMind.  What we don’t have is people who can figure out what to use AI for and how. It is not easy to understand what AI really is, what it can do and how it can be used. The projections about what AI will do may seem wild, but they are pretty consistent: AI is expected to contribute to the UK economy in the range of hundreds of billions of GBP over the next 10-15 years. What each individual business needs to figure out is: what does this mean for me?

KB: What advice would you give to executives, based on your findings?

VD: My advice is based on the inevitability principle: AI is becoming ubiquitous. Therefore, executives need to educate themselves about AI. However, this does not mean getting into the technical details, I am talking about a high-level understanding of the capabilities. The first and perhaps most difficult lesson is that it is not so much that we cannot understand AI, we don’t understand humans very well. As Tom Davenport says: “AI is analytics on steroids”. The creativity and intuition of humans, particularly those at the highest levels of expertise, is still a mystery. The winners of the AI race will be those organisations and individuals who can implement AI with the greatest benefits. For this, executives will need to figure out what AI should be tasked with and what should remain in the human realm. If they get this right, they will achieve the best of both worlds, smart people using smart technology.

KB: How does your latest research approach this? What do the results indicate?

VD: As a practitioner, I was in the AI area for 20+ years. This includes leading AI software development, implementations and also teaching. As a scholar, I have been studying personal knowledge, with emphasis on creativity and intuition. I am particularly interested in how people think and create at the highest level of expertise so I have interviewed top scientists, including 17 Nobel Laureates (see my paper and a blog). Another aspect of this is how people ‘think together’ (see my paper). This duality led me to explore which aspects of human expertise can be rivalled by AI and what is unique about the human mind. I have found that in the areas requiring original thinking, truly exceptional human performance cannot and will not be emulated by AI (see my TEDx talk).

I propose that AI and humans are good at inherently different things. AI is great at processing large amounts of data without making mistakes, which is useful in well-structured, known and stable environments where we have access to complete information and relationships and processes are linear. In other words, AI is good at handling complicated issues. In contrast, humans, particularly at the highest levels of expertise, are performing exceptionally well in ill-structured, volatile and unknown environments where not all the needed information is readily available and relationships and processes are nonlinear. In other words, humans are good at dealing with complexity. This should be the principle based on which we decide what should be assigned to AI and what should be kept by humans.

What did you learn or take away from meeting with the executives at the KnowledgeBrief Innovation Day?

VD: This was another excellent experience in this workshop. Last time, exactly two years before this workshop, I had my first workshop with KnowledgeBrief. That workshop was the starting point of my series of talks delivered globally that culminated in my TEDx talk. This workshop was an evolution from that point and, this time, the audience was particularly interesting for me as there were practitioners who just started thinking about using AI and others that were already using it. This covers a whole spectrum of audiences that I want to talk to – delivering exactly what I have said above in terms of what executives should educate themselves about. It was great to see that they all got my message and that they were immediately able to figure out meaningful use of AI in their respective organisations. I was able to see that my talk made an impact.

With thanks to Dr Viktor Dörfler, Senior Lecturer in Information & Knowledge Management at University of Strathclyde Business School.

Related Post

Insight

The importance of theory in coaching: A lifelong journey, not just a skill

This question is understandable. Coaching is not just about acquiring a set of tools, it’s about developing a way of thinking, being, and relating to others. While practical application is essential, understanding the theoretical foundations of coaching is what sets truly transformational coaches apart.

Abz Salloum

Thu 20 Feb

Insight

New Senior People and Culture Professional Apprenticeship Launched

We are excited to announce the launch of the Level 7 Senior People and Culture Professional Apprenticeship. This programme is designed to equip experienced HR professionals with the skills and knowledge necessary to excel in senior HR leadership roles.

Jay Dehaan

Wed 23 Apr

Insight

Manager as Mentor – Creating Opportunities Through Effective Networking

Confidence can be a major hurdle in unfamiliar professional and social settings. As a mentor, you play a key role in guiding your mentee to overcome their barriers. You can help them to develop habits that turn networking into a natural, rewarding and, ultimately, enjoyable process. In this article, we’ll explore ways to help your mentee build confidence and become a successful networker.

Jane Savage

Thu 13 Mar

Testimonials

Trusted by over 300 organisations

2000+ people are already learning with KnowledgeBrief

"We’ve just gone through annual reviews and if I look at ratings from last year to this year, we have more excellent performers in our leadership team."

Coventry and Warwickshire Mind

"As the line manager of a senior team member enrolled in the Senior Leader apprenticeship, I've witnessed firsthand how the functions, skills, study elements, and learning have enhanced the knowledge of the individual. "

ManpowerGroup

"KnowledgeBrief are best in class for their Leadership and Management training, highly professional and extremely knowledgeable coaches"

Wiltshire Council

"My Apprenticeship through Wiltshire Council with KnowledgeBrief has enabled me to have a wider understanding of management principles. The guidance given was invaluable to enable me to obtain my chartered management qualification with Distinction."

Wiltshire Council

"Throughout the course, I was guided and supported by skilled Personal Learning Advisors and attended informative workshops. By gaining my CMI qualification in leadership & management, I have been able to advance my career to the next level in management."

AVIS Budget Group

"They are incredibly easy to work with and focus entirely on what’s required for success in your organisation and for your employees."

CLIC Sargent

"I would recommend KnowledgeBrief to any organisation looking for impactful leadership and management training. "

AVIS Budget Group

"In every aspect of our relationship with KnowledgeBrief, from sales to accounts and the Professional Learning Advisors, we encounter passionate and engaged people."

Tata Chemicals Europe

"The benefits the programme brings to you in your role, and throughout the organisation are incredibly valuable. I would recommend the Level 5 to anyone in a management or leadership position."

Flogas

"It doesn’t matter what stage you are at in your Leadership or Management career, a Level 3 or 5 course will make you a better leader."

Equip your employees with the skills to increase results

If you would like to discuss how we can create your Leadership and Management Training Programmes, please get in touch