Competing in the Age of AI: Interview with AI Expert from the Harvard Business School – Professor Karim R. Lakhani

Competing in the Age of AI
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The Robust Engine which powers the world of the future: Artificial Intelligence

While world can’t wait to experience 5G connectivity, 6G technology is underway.

Artificial intelligence is the foundation of such a fast-paced digital transformation. 

While the ordinary non-techy man on the street still does not understand what artificial intelligence is, artificial technology has been the engine behind the smart systems of the future. 

In the book “Competing in the Age of AI”, Professor Karim R. Lakhani and Marco Iansiti illustrate the businesses with AI technology that have changed the way we live, work, and play for the past 30 years.

Business leaders are dangerously underprepared and hugely overlooked the impact of artificial intelligence on business.

Transformative Power of AI-driven Corporations

Over the past 10 years, we see the rise of mega technology empire worldwide powered by big data analytics, and artificial intelligence.

AI-centric organizations exhibit a new operating architecture, redefining how they create, capture, share, and deliver value. (Source: O’Reilley)

From Airbnb to Ant Financial, Microsoft to Amazon, research shows how AI-driven processes are vastly more scalable than traditional processes, allow massive scope increase, enabling companies to straddle industry boundaries, and create powerful opportunities for learning—to drive ever more accurate, complex, and sophisticated predictions. (Source: O’Reilley)

How AI-powered tech companies leverage network effect to overtake traditional businesses by thousand folds

AI-centric organizations such as Ant Financial serves more than 10 times the customers as the largest U.S. banks with less than 1/10 of the workforce needed. 

The unbelievable capability to serve such a wide range of customers with low manpower is made possible with data analytics and artificial intelligence ecosystem.

Corporations powered by AI at its core such as Airbnb, Uber, Google, Facebook, Amazon, WhatsApp exhibit a brand-new operating architecture than the traditional businesses. 

Data analytics and artificial intelligence are redefining how companies can create, capture, share, and deliver value.

We spoke to Professor Karim R. Lakhani (Professor of Business Administration and the Dorothy and Michael Hintze Fellow at the Harvard Business School) about his latest book “Competing in the Age of AI: Strategy and Leadership When Algorithms and Networks Run the World“. 

Watch the full interview here.

 

In the interview session, we spoke about:

– Will China be the AI Superpower?

– How ready are we in facing Industry Revolution 4.0?

– What are the most critical changes we must make to face our future effectively?

The book provides insights and outlines the strategies business leaders can take to compete in the age of AI. 

The book debunked the myth of artificial intelligence and allows readers to understand how artificial intelligence is changing the landscape of business and the nature of companies. 

You may purchase the book on Amazon: https://www.amazon.sg/Competing-Age-AI-Leadership-Algorithms/dp/1633697622

If you want to scale your business faster, innovate better than your competitor, and personalized better to suit the taste of your consumers, artificial intelligence must be implemented to drive such business growth.

It’s time to start thinking hard to stay relevant in an AI-powered work before data, analytics, and artificial intelligence radically transform the world.

Understanding how AI, analytics, and network enable businesses to scale and innovate fast with lesser manpower than traditional firms. 

Before you buy into any expensive IT infrastructure for your digital transformation strategy, we work with organizations on rethinking how to compete and operate in the era of AI.

 

Organizations need to put in place a Data-driven strategy where it can help facilitate effective decision-making internally.

A mature data-driven organization takes a talent-first approach and leverages advanced technologies to compete in the age of AI.

Companies that have not been harnessing data to drive business decisions should start to implement measures to futureproof the workforce to maintain a sustainable business.

Ensuring talents have the right digital skills to perform specific business functions are critical for business success in the age of AI.

Contact us for a data-driven organization strategy session. 

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