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#AI & ML #Management #Leadership
HBR
HBR
7d ago 19 views

5 Critical Skills Leaders Need in the Age of AI

A Financial Times analysis reveals that while many companies tout AI's potential, leaders struggle to articulate concrete benefits, focusing instead on risks and vague promises.
5 Critical Skills Leaders Need in the Age of AI
A What happened
An analysis by the Financial Times found that 374 companies in the S&P 500 mentioned AI during their earnings calls, with nearly 90% presenting it in a positive light. However, when asked to detail the benefits, many leaders resorted to vague assertions about future productivity gains. In contrast, their annual reports were more explicit about the risks associated with AI. Research involving over 300 board directors indicated that AI initiatives often do not yield expected results, partly due to employee apprehension towards AI technologies. This hesitance prevents organizations from fully leveraging AI's potential, suggesting a need for leaders to develop clearer strategies that align AI projects with organizational goals.

Key insights

  • 1

    AI in Corporate Discourse

    Many companies highlight AI's potential but lack concrete examples.

  • 2

    Employee Hesitance

    Fear of AI among employees limits its effective implementation.

  • 3

    Risk vs. Reward

    Leaders emphasize risks more than tangible benefits in AI discussions.

Takeaways

The gap between AI's potential and its practical application highlights the need for improved leadership strategies.

Read the full article on HBR