Is Artificial Intelligence Right For Your Business?

Artificial intelligence (AI) has evolved to become a cornerstone of the business landscape, driving transformational changes across industries. As a business leader, you will find yourself at a crossroads, contemplating whether to embrace AI and if so, how to go about doing so.

Today, AI is more than just a buzzword. It encompasses a range of process automation technologies. These technologies help systems learn from data, improve with experience and carry out tasks traditionally requiring human interaction and intelligence.

At Fortune Brainstorm Tech 2023, executives discussed how they are considering the adoption of AI to unlock and break down operations in their businesses. Meanwhile, tech titans met with lawmakers for a closed-door AI forum to discuss the existential dangers of this fast-emerging technology.

According to USA Today, many people are concerned about AI taking their jobs in the workforce. In 2022, 19% of U.S. jobs were at risk. However, to leverage the full disruptive opportunity of AI, you should consider upskilling employees versus letting them go. Use AI as a force multiplier, not a replacement solution. Here are five ideas for ways to involve and upskill your workforce.

1. Organize training programs to educate employees about AI, its applications for your business and its potential benefits. Ensure your workforce is aware that you are not looking to replace employees with AI.
2. Host workshops and seminars with AI experts to foster a culture of learning and innovation. Select employees to attend AI conferences and bring back key learnings to share with the rest of the business.
3. Partner with educational institutions to provide courses and certifications to your employees. Professionalize your bench.
4. Build a repository of AI learning resources, including books, tutorials, prompt guides and online courses. Promote and recognize personal and professional development in AI fields.
5. Encourage experimentation and innovation with AI. Consider hackathon challenges once a quarter, where self-directed employee teams seek AI solutions to major business challenges.