When it comes to adopting new technology, Hassan Taher knows that many business leaders are still on the fence about what should be adopted and what should have additional testing before being implemented.
An expert in the field of artificial intelligence, Taher understands this reluctance, given the failures of some technological breakthroughs in the past. But when it comes to AI, the Los Angeles-based IT professional knows that this technology is here to stay and can provide consequential benefits to business leaders who are early adopters.
When asked in a recent IdeaMensch interview about his view on AI in health care, Hassan Taher stated, “I believe that AI has the power to make a significant impact on people’s lives.”
However, this belief extends far beyond the healthcare industry. As a transformative technology, artificial intelligence tends to raise excitement about its potential as well as concerns about its misuse among numerous industry business leaders.
There’s a critical question that many businesses ask as they race to leverage AI’s potential, wondering whether the emerging technology will create a gold mine or a minefield. With many intricacies to explore and exploit, the first step is determining the impact it will have on business leadership and on organizational growth.
Providing a vast range of opportunities to optimize business operations, AI can also enhance customer experiences and drive innovation, something Hasaan Taher is well aware of.
Though he still undertakes his own writing, starting his routine “by researching and gathering information on the topic. I then create an outline and start writing,” he’s well aware that there’s a lot more he could be doing with AI, including gathering details on the topic he’s writing about.
Still, he recognizes the potential minefields, such as inaccurate information, because an AI engine doesn’t comprehend the difference between fact and fiction — yet. So how can AI deliver strong potential for business leaders? Here are some pros Taher Hassan has assembled:
AI provides leadership with insights taken from a massive amount of data. Using advanced analytics and machine learning, data-driven decisions are made with greater confidence and precision, making it easier to predict behavior, optimize strategies, and identify emerging trends.
A key advantage of AI is using it to automate workflow, or the movement of data through the organization, as well as automation of mundane, repetitive tasks. AI-based systems can increase operational efficiency and reduce costs through streamlined workflows, letting workers focus on high-value tasks.
By looking at data and the preferences of each customer, AI can deliver a personalized customer experience, from chatbots to recommendations to virtual assistants. The customer then receives better engagement, receives tailored services, and will be more loyal to the brand, as personalization at this level differentiates your business.
One thing AI does very well is predicting potential issues and changes. This allows business leaders to react appropriately and in a timely manner. By studying historical data and finding patterns and anomalies, AI can identify these issues before they happen, allowing leadership to improve security, ensure continuity, and make smarter decisions.
Though there are many benefits to AI, there are also drawbacks, challenges, and risks. Navigating these issues can appear daunting, but Hassan Taher offers these some basic considerations to think about:
Not that long ago, a lawyer provided a brief based on details pulled via AI full of incorrect details. AI systems must be taught what their ethical boundaries are without introducing discrimination, bias, or privacy invasions. Determining ethical guidelines is vital to safeguard against negative consequences.
There is a theory that during the Industrial Revolution, French workers would toss their wooden shoes, known as sabots, into machinery to protect their jobs — hence the word sabotage. Planning for workforce transformation, including continuing staff education and training to collaborate with AI, is crucial to success.
Because AI is so heavily reliant on data, security, and privacy are critical. Implementing strong cybersecurity practices to protect data from unauthorized access and breaches while providing transparency to clients about data usage and collection to build trust is a must.
With the potential impact of AI, leaders need to ensure responsible use. Working with industry experts, stakeholders, and policymakers, leaders need to contribute to shaping smart policies to promote transparency, accountability, and fairness.
How can leaders help navigate AI’s complexity? Finding a balance between addressing risks and harnessing potential is key. Here are a few ways Taher suggests to lead effectively using AI:
By fostering a company culture that will embrace and encourage innovation in AI technology, workers are empowered through a growth mindset and available resources. This allows teams to find new ways of leveraging AI to drive value and growth.
Hiring people who know how to develop, deploy, and innovate AI solutions is imperative to success, whether AI engineers or data scientists. This expertise helps get the process started, as leadership provides development and training to existing employees to update skills.
To maximize AI benefits, employers should encourage collaboration between employees and the AI technology being introduced. By encouraging collaboration, innovative solutions can be created at the crossroads of human ingenuity and AI-driven data and automation.
By making AI algorithms transparent and easy to understand, leaders build trust with employees, stakeholders, and customers because it’s easier for everyone to understand how the system works. This also makes error detection easier.
Because AI is rapidly evolving, business leaders must stay on top of new trends and advancements. This allows them to make informed decisions on the implementation and adoption of AI, and it’s easy to find this information at conferences, leveraging AI resources and networking with AI experts.
While understanding the reluctance many in business have toward AI, Hassan Taher pointed out, “I believe that AI technology has the potential to bring about significant positive change in the world, but many people are hesitant to embrace it fully.
While some may disagree, I believe that with responsible use, AI can actually make the world a better place for everyone.” Though AI may still be in its infancy, the technology shows remarkable promise.
If you are interested in even more technology-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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