Wednesday, May 8, 2019
The global artificial intelligence market is expected to grow from USD $21.46 Billion in 2018 to USD $190.61 Billion by 2025. This new major market challenges our current methods and demands leaders and organizations that are prepared to work in an exponentially smarter, digital world.
To help leaders prepare to positively embrace this new reality, Bedford Group invited a select group of CEOs and CHROs to attend two days of stimulating roundtable discussions on Readiness to Leverage Artificial Intelligence for Competitive Advantage. These roundtable discussions were jointly hosted and facilitated by the Bedford Group and Dr. Cindy Gordon, CEO & Founder of SalesChoice.
The goal of these sessions was to facilitate a deeper awareness and pragmatic approach for leading CEO and CHRO professionals to embrace AI. We began by taking into account different ideas and opinions on what many believe is the most significant change in our lifetime.
Here are some of the insights we gained from the discussion:
CEOs and CHROs agree, AI will fundamentally change their organizations within the next 10 years
More CEOs than CHROs see their roles changing due to AI technologies
CEOs are generally more excited than CHROs about the possibilities of AI technology
Both CEOs and CHROs believe IT and Human Resources (Talent Acquisition) will be areas most impacted by AI
Lack of leadership and domain expertise was cited as the biggest barriers to adopting AI
The challenges of adopting AI can be daunting, but these technologies are here to stay and C-suite leaders need to be prepared. Have you asked yourself:
In consideration of these critical questions, Bedford Group and Dr. Cindy Gordan have taken the initiative to produce a whitepaper “Staying Relevant: What Every C-Suite Leader Must Know About AI Readiness”. This paper provides valuable insights on what AI means, best practices for AI leadership, and what solutions are available to modernize your organization which you can access here.