Stationed at the frontier of accelerating artificial intelligence (AI) landscape, organizations need to validate executives who make nimble, informed decisions about where and how to employ AI in their business. Encouraging the industry-wide digital transformation, the widespread technology has permeated more organizations and more parts within organizations spanning the C-suite executives as well. The very fundamentals of leadership need to be rethought, from overall strategy to customer experience, in order to deploy AI appropriately while considering the human capital too.

As the conventional business leaderships are giving way to new approaches, opportunities, and threats as a result of broader AI adoption, the new set of AI executives are ready to take over the challenge to drive better innovation and competitiveness. Several C-level executives, in todays dynamic AI culture, are confident enough to wheel their organizations leadership team towards the ability to adapt significant and innovative AI approaches across the business.

As it stands now, top AI executives are not only evolving at a rapid pace but also revamping their surroundings for better technology implementation. Moreover, their employees and fellow teammates support them with full-confidence while promoting the positive aspects of AI. To excel further, the C-level executives press over the need to train the leadership team on AI as a top priority.

Despite, business leaders optimism about artificial intelligence and the opportunities it presents, they cannot neglect the fact regarding its potential risks. A number of C-level executives and their leadership team are hesitant to invest in AI technologies because of security or privacy concerns. However, showcasing the brave and progressive attributes of leadership, while ensuring security through innovation, some prominent executives are performing experiments with AI capabilities, and evidently, those are the ones who form the clan of topmost AI executives across the industry.

As claimed by certain market reports, business executives are showered with great success in AI across five major industries retail, transportation, healthcare, financial services, and technology itself. Tracing the success-map of such leaders, executives across various other sectors are admittingly adopting AI capabilities more aggressively than before.

In the age of AI, business executives must focus on embedding AI into their strategic plans which would subsequently enable such frontrunners develop an enterprise-wide strategy for AI, that inclusive business segments can follow. Moreover, as a part of the leadership team, they are responsible to look after financial aspects of the organization as well, therefore, applying AI to revenue and customer engagement opportunities will help them explore the use of technology for various revenue enhancements and client experience initiatives while tracing their own progress.

AI executives should also focus on employing multiple options for acquiring AI and developing innovative applications in an effort to accelerate the adoption of AI initiatives via access to a wider pool of talent and technology solutions.

Excerpt from:

Leadership in the age of Artificial Intelligence - Analytics Insight