Many experts believe that AI will ultimately prove to be cheaper, more efficient, and more impartial than humans. This scenario may seem like a cause for concern for managers. You can relax though. Machines will not be taking your jobs anytime soon. However, the emergence of machine learning in the management space does mean that you will be able to focus your skills and efforts on the things only humans can do. Regardless of how you feel about the rise of artificially intelligent machines, change is coming and sooner than you think. A recent Harvard Business Review article proposed that managers will begin to see significant developments related to their corporate roles in the very near future. Here are a few ways that AI could impact your job during the next few years.
1. AI Will Take-on Your Admin Tasks
According to one survey, managers at all levels spend over half their time on administrative and control tasks. These include shifts in scheduling due to illness, vacation, retirements, and departures. As a manager, these responsibilities are time-consuming and tend to shift your focus off of the more business critical aspects of your day to day. It is fortunate then that this is the area experts see AI affecting the most. AI directed applications will be able to automate many of these tasks, finding solutions that aren’t readily apparent to us.
2. AI Will Write Your Reports
Recently, the Associated Press increased the information in its quarterly reports over 800 percent with the help of AI-driven software. Imagine similar technology like this drafting your next management report. If you have ever scaled back reporting metrics because you simply didn’t have the time or ability to create actionable reports, you can see the value. This technology is already available in some BI dashboarding and data analytics reporting tools. For example, the data analytics company Tableau has partnered with Narrative Science, a maker of natural language generation devices. The result is Narratives for Tableau, which recently debuted in the form of a Chrome extension that uses AI to create written explanations for many Tableau graphics automatically.
3. AI Will Become Your Key Problem Solver and Most Trusted Consultant
AI will be able to uncover and adopt new key performance indicators to drive business. Because of AI’s unlimited capacity to analyze and interpret multiple data points simultaneously, it can discover new criteria for success including opportunities for collaboration, strategic alliances, information sharing, learning through virtual experimentation or “what if scenarios,” and decision-making. In essence, it will enable you to reach beyond your organization for insights and solutions.
4. AI Will Take Over Training and Onboarding
We are already utilizing computers for training. AI’s software enabled with biometrics will be the future of training. Biometrics will allow natural interactions between humans and machines. This includes among many other things, facial, emotion, and touch recognition, as well as speech, and body language interpretation.
Already, future managers and business leaders pursuing MBA’s are being taught to work with AI. Harvard Business has made classes on AI a requirement for its MBA program. NYU’s Stern School of Business is offering courses related to basic data handling as well as programming languages like Python. This is in addition to the required introduction to machine learning course. At MIT Sloan School of Management, MBAs are offered electives on AI and robotics. Business schools are putting more emphasis on artificial intelligence and data science because it is rapidly becoming an essential skill for management.
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