{"id":5309,"date":"2023-07-16T15:19:44","date_gmt":"2023-07-16T15:19:44","guid":{"rendered":"https:\/\/mysourcefunding.com\/startups\/3-leaders-share-how-theyre-approaching-the-ai-revolution\/"},"modified":"2023-07-16T15:19:45","modified_gmt":"2023-07-16T15:19:45","slug":"3-leaders-share-how-theyre-approaching-the-ai-revolution","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=5309","title":{"rendered":"3 Leaders Share How They\u2019re Approaching The AI Revolution"},"content":{"rendered":"
\n

When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is happening with the emergence of artificial intelligence solutions.<\/p>\n

It\u2019s clear that AI isn\u2019t going anywhere\u2014despite warnings that we need a temporary AI moratorium. AI is moving quickly and changing the economic and social landscape. Without thoughtful approaches, we may find ourselves in a pickle of our own making.<\/p>\n

Yet, it can be hard to know where to begin. Each day, it seems like there are new AI developments. We can\u2019t afford to lollygag when it comes to AI adoption. At the same time, we can\u2019t afford to leave it all to chance; we must be strategic.<\/p>\n

Navigating the evolution of AI<\/strong><\/p>\n

I turned to a few leaders who have been using AI to get some on-the-ground advice. Interestingly, all three of the executives and founders I interviewed acknowledged similar concerns about AI\u2019s challenges as well as hope for a future buoyed by AI\u2019s best promises.<\/p>\n

<\/fbs-ad><\/p>\n

For instance, ethics was a common thread. Perhaps AI products should come with blanket warnings: Privacy isn\u2019t something AI has mastered. AI products like ChatGPT require ridiculously large data sets to keep learning. However, the products can\u2019t tell if a use case is ethical without some kind of boundary in place.<\/p>\n

Like ethics, bias is another issue with AI. When studying one AI image-generating program, Bloomberg researchers found that the images were shockingly biased and trained on biased data. When asked to produce images of doctors, just 7% of those images were women, even though real-world data suggest women make up 39% of doctors.<\/p>\n

All of this shows AI isn\u2019t perfect. However, it isn\u2019t some darkness descending upon humanity. On the contrary, many AI programs afford organizations tremendous opportunities, such as increased productivity and augmented creativity. Workers can finally be free of repetitive tasks and begin to explore their creative, innovative talents.<\/p>\n

This is hardly terrible news. It points to a future when people can unlock more of the brain\u2019s power and burned-out managers and employees can focus on tasks that give them meaning. But to make this happen, companies must be strategic. Here are three ways to engage with AI according to industry experts.<\/p>\n

1. Take a front-seat approach.<\/strong><\/p>\n

Subha Tatavarti, chief technology officer at Wipro, wants leaders to drive AI development within their organizations. Rather than watching and waiting, she recommends implementing strategies that direct the internal course of AI. This way, as AI evolves and progresses, those businesses that have taken a front-seat approach can harness the technology\u2019s best aspects: productivity, revenue, and innovation gains.<\/p>\n

\u201cFor CTOs to understand how to use AI to innovate and grow their organizations, igniting creativity and simplifying the business down to its building blocks is crucial,\u201d she says. \u201cCTOs should focus on what their business is about at its core and then investigate how the team can use AI to enhance these foundational blocks. The art of being a CTO is finding the right problem to focus on. Once you have that, you can use your creativity to find the right tech to overcome that problem.\u201d<\/p>\n

Tatavarti and her company have set up an AI council. The council works on firming up standards for AI development and usage, setting ethical guidelines for mitigating biased algorithms, ensuring fairness, and preventing discriminatory outcomes. Wipro has also engaged with several leading companies across a wide variety of industries to develop centers of excellence by leveraging their consulting expertise and foundational research knowledge through academic partnerships. The measures that Tatavarti is focused on\u2014regular audits, employee training, etc.\u2014should allow AI capabilities to unfold in ways that better humanity.<\/p>\n

2. Start small and contained.<\/strong><\/p>\n

There isn\u2019t a day that Diana Bald, president of Blue Orange Digital, doesn\u2019t use AI for something. Designing employee and client onboarding plans. Formulating meeting and workshop agendas. Creating job descriptions and customizing career development programs. AI touches practically every element of what she does, and she\u2019s always looking for more ways to leverage AI models.<\/p>\n

\u201cAI is expanding the capabilities of data science,\u201d Bald says. \u201cCapable of analyzing massive data sets, AI enables us to perform more complex types of data analysis, including natural language processing, image recognition, and deep learning (a form of AI that mimics the human brain). AI excels at handling unstructured data (such as images and voice) and extracting meaningful insights\u2014tasks that were previously challenging or time-consuming.\u201d<\/p>\n

However, she doesn\u2019t feel that businesses need to jump into the mix all at once. Bald reports that Blue Orange Digital\u2019s solutions architects, data scientists, and engineers start with pilot projects. The \u201cstart small\u201d mindset allows the team to test, learn, and iterate AI-based technologies prior to scaling up. When pilots show promise, Bald gives the green light to incrementally initiate AI across the company\u2019s operations. This ensures a seamless transition and a slow, controlled familiarization of AI across all the people in the business.<\/p>\n

Once people grasp the fundamentals of how to use AI, they are encouraged to find optimal use cases and models for specific tasks. This is all done within an environment that\u2019s already invested in cybersecurity. For leaders very new to figuring out where AI belongs in their ecosystem, Bald suggests starting with automating routine tasks or adding chatbots rather than jumping headfirst into AI-enhanced customer behavior forecasting, internal talent discovery, or logistics optimization.<\/p>\n

3. Approach innovations with curiosity.<\/strong><\/p>\n

Caution is always needed when evaluating new technology. At the same time, Michael Scharff, CEO and cofounder of Evolv AI, doesn\u2019t want leaders to lose their feelings of curiosity toward AI innovations. He sees time and again that those who work in harmony with AI\u2014while proceeding at a speed they can handle\u2014come out on top.<\/p>\n

\u201cBrands and companies that adopt AI for experimentation and testing will have a more significant competitive advantage,\u201d asserts Scharff. \u201cIt is essential to experiment with generative AI now. Like when the internet disrupted a wide range of industries in the early 2000s, the AI revolution forces companies to adapt or be left behind. Likely, your employees are already using generative AI at work. Get curious and see what happens.\u201d<\/p>\n

What does curiosity look like from a practical standpoint? For Evolv AI, it means constant experimentation when it comes to customer experience. Scharff and his team frequently lean on AI to help organize notes and meeting agendas, effectively personalize content, and write complex code for variants they want to demo with prospective clients.<\/p>\n

By asking questions about AI, leaders can take away the mystery. This urges everyone to keep the conversation going and share their thoughts and solutions.<\/p>\n

AI is becoming embedded in business and the fabric of society at large. Is this reality somewhat intimidating? Yes. Nevertheless, companies can\u2019t just pretend it doesn\u2019t exist. Now may be the best moment to take the lead in an industry.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is happening with the emergence of artificial intelligence solutions. It\u2019s clear that AI isn\u2019t going anywhere\u2014despite warnings that we need a temporary AI moratorium. AI is moving quickly and changing […]<\/p>\n","protected":false},"author":1,"featured_media":5310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[77],"tags":[],"class_list":{"0":"post-5309","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-startups"},"yoast_head":"\n3 Leaders Share How They\u2019re Approaching The AI Revolution | Brandiary<\/title>\n<meta name=\"description\" content=\"When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mysourcefunding.com\/?p=5309\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Leaders Share How They\u2019re Approaching The AI Revolution | Brandiary\" \/>\n<meta property=\"og:description\" content=\"When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mysourcefunding.com\/?p=5309\" \/>\n<meta property=\"og:site_name\" content=\"Brandiary\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-16T15:19:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-16T15:19:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/07\/1689520784_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mysourcefunding.com\/?p=5309#article\",\"isPartOf\":{\"@id\":\"https:\/\/mysourcefunding.com\/?p=5309\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4\"},\"headline\":\"3 Leaders Share How They\u2019re Approaching The AI Revolution\",\"datePublished\":\"2023-07-16T15:19:44+00:00\",\"dateModified\":\"2023-07-16T15:19:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mysourcefunding.com\/?p=5309\"},\"wordCount\":1183,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mysourcefunding.com\/#organization\"},\"articleSection\":[\"Startups\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mysourcefunding.com\/?p=5309#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mysourcefunding.com\/?p=5309\",\"url\":\"https:\/\/mysourcefunding.com\/?p=5309\",\"name\":\"3 Leaders Share How They\u2019re Approaching The AI Revolution | Brandiary\",\"isPartOf\":{\"@id\":\"https:\/\/mysourcefunding.com\/#website\"},\"datePublished\":\"2023-07-16T15:19:44+00:00\",\"dateModified\":\"2023-07-16T15:19:45+00:00\",\"description\":\"When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is\",\"breadcrumb\":{\"@id\":\"https:\/\/mysourcefunding.com\/?p=5309#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mysourcefunding.com\/?p=5309\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mysourcefunding.com\/?p=5309#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mysourcefunding.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"3 Leaders Share How They\u2019re Approaching The AI Revolution\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mysourcefunding.com\/#website\",\"url\":\"https:\/\/mysourcefunding.com\/\",\"name\":\"Brandiary\",\"description\":\"Latest Business and Startup News and Updates\",\"publisher\":{\"@id\":\"https:\/\/mysourcefunding.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mysourcefunding.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mysourcefunding.com\/#organization\",\"name\":\"Brandiary\",\"url\":\"https:\/\/mysourcefunding.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png\",\"contentUrl\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png\",\"width\":381,\"height\":100,\"caption\":\"Brandiary\"},\"image\":{\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mysourcefunding.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png\",\"contentUrl\":\"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/mysourcefunding.com\"],\"url\":\"https:\/\/mysourcefunding.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"3 Leaders Share How They\u2019re Approaching The AI Revolution | Brandiary","description":"When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mysourcefunding.com\/?p=5309","og_locale":"en_US","og_type":"article","og_title":"3 Leaders Share How They\u2019re Approaching The AI Revolution | Brandiary","og_description":"When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is","og_url":"https:\/\/mysourcefunding.com\/?p=5309","og_site_name":"Brandiary","article_published_time":"2023-07-16T15:19:44+00:00","article_modified_time":"2023-07-16T15:19:45+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/07\/1689520784_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mysourcefunding.com\/?p=5309#article","isPartOf":{"@id":"https:\/\/mysourcefunding.com\/?p=5309"},"author":{"name":"News Room","@id":"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4"},"headline":"3 Leaders Share How They\u2019re Approaching The AI Revolution","datePublished":"2023-07-16T15:19:44+00:00","dateModified":"2023-07-16T15:19:45+00:00","mainEntityOfPage":{"@id":"https:\/\/mysourcefunding.com\/?p=5309"},"wordCount":1183,"commentCount":0,"publisher":{"@id":"https:\/\/mysourcefunding.com\/#organization"},"articleSection":["Startups"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mysourcefunding.com\/?p=5309#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mysourcefunding.com\/?p=5309","url":"https:\/\/mysourcefunding.com\/?p=5309","name":"3 Leaders Share How They\u2019re Approaching The AI Revolution | Brandiary","isPartOf":{"@id":"https:\/\/mysourcefunding.com\/#website"},"datePublished":"2023-07-16T15:19:44+00:00","dateModified":"2023-07-16T15:19:45+00:00","description":"When the world was introduced to the internet in the 1990s, plenty of professionals weren\u2019t sure whether it was friend or foe. Today, the same is","breadcrumb":{"@id":"https:\/\/mysourcefunding.com\/?p=5309#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mysourcefunding.com\/?p=5309"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mysourcefunding.com\/?p=5309#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mysourcefunding.com\/"},{"@type":"ListItem","position":2,"name":"3 Leaders Share How They\u2019re Approaching The AI Revolution"}]},{"@type":"WebSite","@id":"https:\/\/mysourcefunding.com\/#website","url":"https:\/\/mysourcefunding.com\/","name":"Brandiary","description":"Latest Business and Startup News and Updates","publisher":{"@id":"https:\/\/mysourcefunding.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mysourcefunding.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mysourcefunding.com\/#organization","name":"Brandiary","url":"https:\/\/mysourcefunding.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/","url":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png","contentUrl":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/b-logo-1.png","width":381,"height":100,"caption":"Brandiary"},"image":{"@id":"https:\/\/mysourcefunding.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/mysourcefunding.com\/#\/schema\/person\/5062dafb0f932b59aa228f1a047332f4","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mysourcefunding.com\/#\/schema\/person\/image\/","url":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png","contentUrl":"https:\/\/mysourcefunding.com\/wp-content\/uploads\/2023\/06\/avatar_user_1_1688031660-96x96.png","caption":"News Room"},"sameAs":["https:\/\/mysourcefunding.com"],"url":"https:\/\/mysourcefunding.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts\/5309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5309"}],"version-history":[{"count":1,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts\/5309\/revisions"}],"predecessor-version":[{"id":5311,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/posts\/5309\/revisions\/5311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=\/wp\/v2\/media\/5310"}],"wp:attachment":[{"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mysourcefunding.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}