Daily Buzz: How Business Leaders Can Prepare for AI

As artificial intelligence evolves, so will the business world. Leaders must be ready for major changes in how their organizations operate, argues IBM’s chief economist and vice president, Martin Fleming, in Harvard Business Review  (opens in a new tab).

“The advent of AI poses new and unique challenges for business leaders. They must continue to deliver financial performance, while simultaneously making significant investments in hiring, workforce training, and new technologies that support productivity and growth,” Fleming says.

To navigate the AI transition, business leaders must be ready to reallocate resources effectively. As some jobs get automated, other tasks will emerge that require workers to exercise new skills.

“Broad adoption of AI may require additional research and development spending. Training and reskilling employees will very likely require temporarily removing workers from revenue-generating activities,” Fleming says.

Leaders must also be willing to invest in workforce training. Fleming says that according to a recent IBM Institute for Business Value study, millions of workers will need to be retrained or reskilled over the next three years.

“As tasks requiring intellectual skill, insight, and other uniquely human attributes rise in value, executives and managers will also need to focus on preparing workers for the future by fostering and growing ‘people skills’ such as judgement, creativity, and the ability to communicate effectively,” Fleming says.

Fact-Check Your Content

Get an A for Accuracy With This Fact-Checking Content Checklist – https://t.co/pKCyKX5SQ0  (opens in a new tab) pic.twitter.com/OMP0xonTlF  (opens in a new tab)

— Content Marketing Institute (@CMIContent) March 23, 2020  (opens in a new tab)

Good content is accurate content. Make sure to budget time for fact-checking into your project timelines, says Ann Gynn of the Content Marketing Institute  (opens in a new tab). While you’re at it, create a fact-checking checklist to make sure you don’t miss anything. Gynn’s checklist is broken into three parts: original sources, research-based information, and information from third-party sources.

“This list works for any type of content, from articles and blog posts to podcasts and videos,” she says.

Other Links of Note

How can nonprofits adopt a digital-first strategy? It’s about the people, not the technology  (opens in a new tab), argues Adrienne Day in Stanford Social Innovation Review.

Browse with friends. Instagram has added a new feature called Co-Watching, which lets you look at posts with your friends over in-app video chat. The Verge has the story  (opens in a new tab).

Want to market an event? Use video in your emails  (opens in a new tab), suggests a recent post from Eventsforce.

(Laurence Dutton/E+)