SupplyChainToday.com

Guide to Artificial Intelligence for Executives.

This executive guide to artificial intelligence and automation helps busy business professionals get up to speed on AI.  The opportunities artificial intelligence brings to business are immense.  AI will continue to dramatically change the world.

This is a great quote to understand how quickly things will be changing in less than 10 years.  “Artificial intelligence will reach human levels by around 2029. Follow that out further to, say, 2045, we will have multiplied the intelligence, the human biological machine intelligence of our civilization a billion-fold.” ~Ray Kurzweil.  As AI gets closer and closer to human levels what type of productivity gains will we see?  AI will take white collar jobs.

Artificial intelligence (ChatGPT) was asked the following question “Why should executives learn about artificial intelligence?”  This is the response:

Executives should learn about artificial intelligence (AI) for several reasons:

  1. Competitive advantage: AI is becoming increasingly prevalent in many industries and businesses that fail to adopt it may fall behind their competitors. By understanding the capabilities and limitations of AI, executives can identify opportunities to use it to improve their business operations and gain a competitive edge.
  2. Business transformation: AI has the potential to transform entire industries and create new business models. Executives who understand how AI can be used to create value for their customers and generate new revenue streams are better positioned to lead their organizations through this transformation.
  3. Strategic decision-making: AI can be used to analyze large amounts of data and make predictions, which can inform strategic decision-making. Executives who understand how to use AI for data analysis and decision-making can make better-informed decisions that drive business growth.
  4. Managing the impact of AI: As AI becomes more prevalent, it is important for executives to understand the potential impact of AI on their workforce, customers and society at large. This understanding will help them to manage the transition to an AI-driven business and minimize potential negative effects.
  5. Compliance and Ethical considerations: AI has legal and ethical considerations that need to be taken into account. Executives who understand the legal and ethical implications of AI will be better equipped to ensure their organization is operating within the boundaries of the law and aligning with societal values.

Overall, executives who understand the capabilities and limitations of AI, as well as its legal and ethical considerations, will be better equipped to lead their organizations through the ongoing technological disruption and capitalize on the opportunities presented by AI.

AI Basics

This AI guide is broken into categories that are important to the future of business. For those that are already up to speed on AI scroll down and click into any of the links to dive into the information.  For detailed tutorials scroll down towards the end of the page.

Artificial Intelligence refers to the ability of a computer/machine to imitate human behavior. The terms artificial intelligence, machine learning, and deep learning are all used when talking about artificial intelligence.  The terms shouldn’t be used interchangeably.  To make it easy to understand think of each as concentric circles.  Artificial intelligence is the largest circle, then machine learning, then deep learning.  If you are new to artificial intelligence the following video will give you a high level explanation in under two minutes:

1 2 3 4 5 6

AI Experts and CEOs

Listen to what some of the smartest people on artificial intelligence have to say about AI.

1 2 3 4 5 … 7 8 9 10

Artificial Intelligence Tools (ChatGPT…)

ChatGPT was asked “What should executives know about ChatGPT?”  This was the answer: Executives should know that ChatGPT is a large language model developed by OpenAI that can generate human-like text. It can be used for a variety of natural language processing tasks, such as text generation, conversation simulation, and language translation. It can also be fine-tuned for specific use cases, such as customer service or content creation. Additionally, ChatGPT is a powerful tool for businesses to automate repetitive tasks and improve efficiency. However, it is important to note that ChatGPT is a machine learning model and its outputs may not always be accurate or appropriate, so it should be used with caution and human oversight.

1 2 3 4 5 … 7 8 9 10

Future Robots are Here

1 2 3 4 5 … 7 8 9 10

Robots in Supply Chain

1 2 3 4 5 … 7 8 9 10

What Jobs Will Artificial Intelligence Take in the Near Future

1 2 3 4 5 6 7

Self-Driving Vehicles Decrease Downtime

1 2 3 4 5 … 7 8 9 10
Guide Artificial Intelligence

Automation and Artificial Intelligence Quotes

  • “It is difficult to think of a major industry that AI will not transform. This includes healthcare, education, transportation, retail, communications, and agriculture. There are surprisingly clear paths for AI to make a big difference in all of these industries.” ~Andrew Ng
  • “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency.  The second is that automation applied to an inefficient operation will magnify the inefficiency.” ~Bill Gates
  • “If your job is in transportation start thinking about another career.  Self-driving vehicles take those jobs.” ~Dave Waters
  • “I am telling you, the world’s first trillionaires are going to come from somebody who masters AI and all its derivatives,and applies it in ways we never thought of.” ~Mark Cuban
  • “Automation is no longer just a problem for those working in manufacturing. Physical labor was replaced by robots; mental labor is going to be replaced by AI and software.” ~Andrew Yang

“Automation has emerged as a bigger threat to American jobs than globalization or immigration combined.” ~Oren Etzioni

guide artificial intelligence
  • “Deep-learning will transform every single industry. Healthcare and transportation will be transformed by deep-learning. I want to live in an AI-powered society. When anyone goes to see a doctor, I want AI to help that doctor provide higher quality and lower cost medical service. I want every five-year-old to have a personalised tutor.” ~Andrew Ng
  • “A breakthrough in machine learning would be worth ten Microsofts.” ~Bill Gates
  • “Automation is going to cause unemployment, and we need to prepare for it.” ~Mark Cuban
  • “Because salaries are likely to stagnate as minimum-wage hikes will stimulate the use of more robots. Corporate profits will balloon. Labor unions may disappear or be forced to make wholesale changes, as unemployment is likely to rise. And because robots don’t pay taxes, the government must discover additional revenue streams.” ~Gregory Clay

“Predicting the future isn’t magic, it’s artificial intelligence.” ~Dave Waters

artificial intelligence guide

More Artificial Intelligence Quotes

  • “For the blue-collar worker, the driving force behind change was factory automation using programmable machine tools. For the office worker, it’s office automation using computer technology: enterprise-resource-planning systems, groupware, intranets, extranets, expert systems, the Web, and e-commerce.” ~Tom Peters
  • “The reason Donald Trump was elected was that we automated away four million manufacturing jobs in Michigan, Ohio, Pennsylvania, and Wisconsin. If you look at the voter data, it shows that the higher the level of concentration of manufacturing robots in a district, the more that district voted for Trump.” ~Andrew Yang
  • “Sooner or later, the U.S. will face mounting job losses due to advances in automation, artificial intelligence, and robotics.” ~Oren Etzioni
  • “Once you trust a self-driving car (a robot) with your life, you pretty much will trust Artificial Intelligence with anything.” ~Dave Waters
  • “I’m increasingly inclined to think there should be some regulatory oversight, maybe at the national and international level just to make sure that we don’t do something very foolish.”
    ~Elon Musk
  • “Companies like Facebook, Amazon, Netflix and Google are investing billions in artificial intelligence.  They know what the future holds.  Do you?”  ~SupplyChainToday.com

“Big data will replace the need for 80% of all doctors.” ~Vinod Khosla

Artificial Intelligence Guide

If you find this Executive Guide to Artificial Intelligence and Automation helpful please share it on social media.

Scroll to Top