Every Board Director and CEO need to accelerate their Learning in AI and Machine Learning to Manage ... [+]
Are you keeping informed by reading on a regular basis, here are a few guide posts to help you speed up your AI learning as a board director, CEO or senior executive striving to advance your knowledge in the Intelligence Revolution - where AI is simply everywhere!
Here are a few facts:
With the speed of AI content proliferating the market, and media channels growing at over 50% a years, and by 2021, over 80% of all new emerging software technologies will apply AI in some fashion in their business models, according to Gartner Group.
As of August 2020, IDC reported that the AI market - including software, hardware, and services, are forecast to grow 12.3 percent to $156.5 billion in 2020. Worldwide AI revenues will surpass $300 billion in 2024 with a five-year compound annual growth rate (CAGR) of over seventeen percent.
I thought it might be helpful to share some recommended getting started reading, to get the basics down and increase board directors and CEO’s confidence to advance their organizations to get AI right.
It all starts with learning something new.
Here is a list of a few excellent books to read, followed by other knowledge sources that can help you advance in understanding AI in general terms, application approaches in diverse industries to spark your imagineering, and also highlighting the mathematical risks if you don’t know what’s inside your Algo’s. I close this blog off with also a few global sources, as well as a recent online course recommendation that I took from MIT on AI Business Strategy and Implications.
This list can get you started. First the books:
Reading is key to advancing one's knowledge and credible sources make a difference.
Bernard Marr, is a fellow Forbes Blogger and well published in AI. His most recent book, The Intelligence Revolution has just been released. The speed and breadth of the intelligence swarming in everything is how I encapsulate the depth in this book. A must read!
Pedro Domingos, The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World gives you context of the impact of AI in changing everything around us.
Kai-Fu Lee’s AI Superpowers provides excellent insights to the rise of AI in China and how pervasive their innovations are and the increasing dynamics between China, and the USA is played out well.
Cathy O’Neills, Weapons of Math Destruction stresses that as we now live in the age of the algorithm and she stresses that the outcome of many of our decisions being made from mathematical models will put our organizations and society at risk. She is a big proponent of third party audits in high risk situations. I have been advocating for some time the requirement for AI Inventory Systems to ensure you know where your AI algos are and understand whats inside the AI models and are they explainable.
Another great read is Ajay Agrawal, Joshua Gans, and Avi Goldfarb’s Prediction Machines. This book is a good general business book which explains the impact and value of using AI in business industries.
Other sources I recommend you read and or access on a regular basis.
The European Economic Commission has a position on AI and they are global in their research positions. I like their work as it always stresses the ethical and human aspects of AI and importance of ensuring AI is for Good and that it is trustworthy.
The American Position on AI is now nicely unified for easier knowledge access, with the AI declaration, and other research policy points of view, improving clarity of the USA unified position. In my blog tomorrow I will discuss the new US Department of Commerce’s release position on Explainable AI which is a must read for all CEO’s and board directors.
China has declared it will dominate in AI by 2030 and all indications the nation is leading in the super power race that Kai Fu Lee refers to. So ensuring you are alert to their position on AI and reading their strategy position can help give you more global context.
The Forbes AI channel is also very committed to bringing you the latest news on AI globally so I strongly recommend you subscribe to the Forbes AI channel and keep informed. We have so many impressive thought leaders and contributors - you will rapidly expand your horizons.
Another helpful learning source is that I recently completed the MIT online program on AI and Business Implications program, a 6 week course, which was an excellent foundation for senior business leaders and practitioners wanting to think strategically about AI. I took this course to gain a broader perspective on diverse AI applications for a new book we are writing, called the AI Split. Unfortunately the program did not have a lot of ethical content on responsible or explainable AI in the program, and suspect like most online programs everyone is adding in more ethical AI content. But with that only caveat I think their general strategy program is solid. I plan to take the Harvard program next, so can compare the two in the new year.
I will also work over the next few months to complete a list of the top 15 sources to keep you informed in the rapidly changing AI landscape. This sounds like a good holiday season year end gift to target for everyone. I also appreciate hearing from you and any recommendations you think that should make this list.
Looking Ahead:
My next blog will focus on Explainable AI released tomorrow on August 31st. This will be a very comprehensive research blog as this is one of the critical areas that board directors and CEO’s must understand in detail to advance their organizations forward. Hope you tune in to read it!
Read My Blogs:
Why Board Directors And CEOs Need To Mitigate AI Bias Risk This blog discusses the acceleration of data bias in AI models, introduces five types of AI bias, and identifies key governance questions for board directors and CEO’s to ask their organizations in order to mitigate data bias risks.
Where Is Your Global Organization At In Trusted AI? This blog shares the insights from a recent interview with Cathy Cobey, the EY global trusted AI leader, where we explore: how practicing responsible AI is stacking up, the impact of data bias and key board director questions to ensure CEO’s are managing the new risks that AI presents.
Board Directors And CEO AI Literacy - A Change Imperative. The rapid growing market and interest in AI is being driven by the accelerating cloud and data traffic, much of it from: mobile, the Internet of Things (IoT) and increasingly business leader’s recognition that digital transformation is an imperative to remain in business.
Why Board Directors And CEOs Must Become AI Literate To Lead Forward Board Directors and CEOs must become AI literate to lead their organizations forward and manage risk. Advancing AI Centers of Excellence will be key to enabling the Organization of the Future. What is your AI governance status? This article includes a helpful AI governance check list.
About the Author:
Dr. Cindy Gordon is a CEO, a thought leader, author, keynote speaker, board director, and advisor to companies and governments striving to modernize their business operations, with advanced AI methods. She is the CEO and Founder of SalesChoice, an AI SaaS B2B company focused on Improving Sales Revenue Inefficiencies and Ending Revenue Uncertainty. A former Accenture, Xerox and Citicorp executive, she bridges governance, strategy and operations in her AI contributions. She is a board advisor of the Forbes School of Business and Technology, and the AI Forum. She is passionate about modernizing innovation with disruptive technologies (SaaS/Cloud, Smart Apps, AI, IoT, Robots), with 13 books in the market, with the 14th on The AI Split: A Perfect World or a Perfect Storm to be released shortly. Follow her on Linked In , Twitter or her Website. You can also access her at The AI Directory.
