Ben Torben-Nielsen, PhD, MBA’s Post

Responsible innovation and transformation provides a lasting and long-term value to businesses. Here are some insights.

🌐 In the world of #GenerativeAI, innovation happens fast. And leaders, keen to realise the benefits of these new tools, are making big investments to augment existing services or create new functions enabled Artificial Intelligence. While AI can simultaneously streamline and expand business services - a tempting proposition for any CEO - consumer trust and reputation remains the biggest risk. To ensure AI tools can have a big impact, business leaders urgently need to reconsider the role of regulation as an enabler to innovation 💡 But how can organisations harness regulation to enhance innovation, without stifling progress? Our UK technology teams share their insight into the world of ethical innovation and why it matters for businesses across the UK 👉 https://go.ey.com/465Xo9O #AI #ArtificialIntelligence #EYTransformationJourney 

I’ve been embracing AI into my workflow and really seeing the benefits. Technology that allows certain tasks to be automated frees time to do the things that matter most. Thanks to Scott Rose and Impact for sharing your insights on future Leadership abilities in the AI age. https://lnkd.in/evtr7sy8 #leadership#humancenteredai #integrity#communication#vision#adaptability

Responsible AI takes an average of three years to implement, and it requires changes in operations and culture. The recent advances in generative AI have put companies and their leaders in a difficult position. On one hand, they need to realize the value of AI quickly, while on the other, they need to manage the ethical, privacy and safety risks. Companies cannot simply block some generative AI tools while allowing others to develop unchecked. BCG's survey of executives shows that on average, responsible AI maturity has improved marginally since 2022, but there is still much room for improvement. In order to operationalize responsible AI, there needs to be clear ownership and sponsorship from the top. CEOs need to be actively involved in responsible AI programs, as companies whose CEOs are involved are much more prepared for AI regulation. Companies also need to be more vigilant when it comes to using third-party tools and services, as they are implicated in the majority of AI failures. Businesses can look to heavily regulated industries for guidance, as they report higher levels of responsible AI maturity. What’s good for society is good for business, and responsible AI is a key part of that. #AI #airegulation #responsibleai

Are AI Regulations the Secret Ingredient for Success? 🤔 As we delved into the world of AI, we realized that governments are finally acknowledging the need for regulation and benchmarking. But what does this mean for us, as marketers and business leaders? 🤔 Let's break it down: Governments are recognizing that AI is not just a technological advancement, but a societal shift that requires careful consideration. For me, this is a crucial step towards ensuring that AI is developed and used responsibly. Here are the key takeaways: ⚡️ Regulation is essential to prevent biases and misuse of AI. ⚡️ Benchmarking will help establish standards for AI development and deployment. ⚡️ Transparency and accountability are crucial in AI decision-making processes. I believe that as marketers and business leaders, it's our responsibility to stay informed and adapt to these changes. By doing so, we can harness the power of AI to drive innovation and growth, while ensuring that we're using it ethically and responsibly. What are your thoughts on AI regulation and benchmarking? Share your insights in the comments below! 💬 #AI #Regulation #Benchmarking #Marketing #BusinessLeadership #ResponsibleAI #Innovation #technology #innovation #ai #security #business #future #growth #data #iconsultbox

Altman foresees ‘uncomfortable' shifts in AI customization and global impact In an exclusive interview with Axios at Davos last week, OpenAI’s CEO Sam Altman discussed the rapid evolution of AI and its impending global impact. He emphasized the need for AI to adapt through "uncomfortable" decisions, foreseeing a future where AI offers personalized responses based on individual and cultural values. Altman highlighted the delicate balance required in customizing AI while respecting ethical boundaries. He anticipates AI will soon revolutionize knowledge work, enabling users to interact more efficiently with information, like summarizing important emails. Altman also predicts significant advancements in accelerating scientific discovery, although not necessarily in 2024. The upcoming GPT-5 model, his current top priority, is expected to be a major leap forward. Altman expressed concern over AI's potential impact on global elections, outlining OpenAI's commitment to combating misinformation in over 60 elections in 2024. However, he was cautious about overstaffing election security, suggesting that a larger team isn't the sole solution. For CEOs, Altman's advice centers on improving internal workflows with AI. His personal takeaway from 2023's experiences, including his firing and rehiring, underscores the importance of addressing critical issues promptly. CXO takeaways and action items — Prepare for a more customized AI experience which will impact more organizational business processes Leverage AI to streamline internal processes, enhancing productivity and decision-making. Stay informed on AI's evolving landscape, particularly in terms of legal and ethical use. Be proactive about AI's potential effects on your industry and global operations. #EthicalAI #ceo #strategy #aistrategy #AIinBusiness #FutureOfWork

Generative AI stands out as a revolutionary force poised to redefine how businesses operate. Recent insights from Gartner highlight three bold predictions that underscore the transformative power of #generativeAI in our #digital era. 1. Enhanced Creativity and Innovation: Generative AI is not just automating tasks; it's augmenting our creativity and problem-solving capabilities, enabling businesses to explore new and innovative solutions at an unprecedented pace. 2. Strategic Decision Making: By 2025, generative AI will play a crucial role in decision-making processes, providing leaders with enhanced insights and foresight. This shift will empower more informed, data-driven decisions, vital for navigating the complex business landscapes of tomorrow. 3. Ethical and Responsible AI Use: As we integrate these powerful tools, the focus will intensify on developing ethical frameworks and governance models to ensure AI is used responsibly and transparently, aligning with our core values and societal norms. As we stand on the brink of this technological revolution, it is crucial for leaders to embrace these changes, preparing our strategies and operations to harness the full potential of generative AI. This journey will not only require adapting to new tools but also rethinking our approach to innovation, ethics, and governance in the digital age. Let's engage in this dialogue: How is your organization preparing for the integration of generative AI? What challenges and opportunities do you foresee in this transition? Source: https://lnkd.in/dm4Zw4jS

Generative AI can enhance a high-skilled worker's performance by up to 40% compared to those who do not utilize it, according to a study by MIT Sloan School of Management. At Launchcode, we understand the transformative potential of AI and are dedicated to helping organizations in AI #adoption. Research indicates that only a fraction of senior leaders demonstrate a commitment to AI - only 17% of companies are mapping out AI #opportunities across their operations. What does this mean for medium to large-scale enterprises? Boundless opportunities to boost Efficiency, Earnings, Experience, Enhanced Compliance, and ESG — our 5Es Framework. AI-powered has a nice ring to it, it also has the potential to power and transform your business. Interested in a conversation that simplifies AI for your organization? Let’s talk. #ai #innovation #AIinnovation #BusinessGrowth #Tech #Efficiency #EnhancedExperience #Compliance #ESG #LaunchAI #5Es

𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐀𝐈 𝐢𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 AI stands out not just as a buzzword, but as a transformative force in business. But how do we move beyond the hype to leverage AI both effectively and ethically? Let’s unpack the crucial discussions every IT leader must have. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:   📍 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙍𝙚𝙡𝙚𝙫𝙖𝙣𝙘𝙚: Not every problem needs an AI solution. It’s essential to identify which business cases truly benefit from AI, cutting through the hype to focus on real value.    📍𝙑𝙖𝙡𝙪𝙚-𝘿𝙧𝙞𝙫𝙚𝙣 𝙄𝙣𝙣𝙤𝙫𝙖𝙩𝙞𝙤𝙣: AI investments are showing substantial returns, but the trick is to prioritize projects that align with business goals and deliver tangible benefits.    📍 𝙍𝙚𝙨𝙤𝙪𝙧𝙘𝙚 𝙍𝙚𝙖𝙡𝙞𝙩𝙞𝙚𝙨:: Embracing AI means being realistic about resource constraints, including finances, talent, and existing project commitments.    📍𝘿𝙖𝙩𝙖 𝙄𝙣𝙩𝙚𝙜𝙧𝙞𝙩𝙮: The foundation of successful AI projects is high-quality data. Without it, even the most sophisticated AI systems can falter.    📍𝙍𝙞𝙨𝙠 𝙈𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩: Navigating the risks associated with AI requires a balanced approach, ensuring innovation while safeguarding data and ethical standards.    📍𝙀𝙩𝙝𝙞𝙘𝙖𝙡 𝘾𝙤𝙣𝙨𝙞𝙙𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙨: Ethical AI use is paramount, especially in sectors like government and healthcare where public trust is at stake.    For businesses, embracing AI means not just jumping on the bandwagon but making informed, strategic decisions that drive real value. It’s about asking the right questions, from the relevance of AI in specific cases to the ethical implications of its use. How is your organization navigating the AI landscape? Are you having the right conversations to ensure AI not only drives innovation but also resonates with your business objectives? Let's get the conversation started below👇 #ArtificialIntelligence #BusinessStrategy #Innovation #Technology #Leadership #DigitalTransformation   https://lnkd.in/enGgtr3T 

In "Good Intentions, Bad Inventions: How Employees Judge Pervasive Technologies in the Workplace", Constantinides et al.  considered 16 technologies that track productivity, and conducted a study in which 131 crowdworkers judged these scenarios. #AI #crowdsourcing Link: https://lnkd.in/eYJH9Q8Y Abstract Pervasive technologies combined with powerful AI have been recently introduced to enhance work productivity. Yet, some of these technologies are judged to be invasive. To identify which ones, we should understand how employees tend to judge these technologies. We considered 16 technologies that track productivity, and conducted a study in which 131 crowdworkers judged these scenarios. We found that a technology was judged to be right depending on the following three aspects of increasing importance. That is, whether the technology: 1) was currently supported by existing tools; 2) did not interfere with work or was fit for purpose; and 3) did not cause any harm or did not infringe on any individual rights. Ubicomp research currently focuses on how to design better technologies by making them more accurate, or by increasingly blending them into the background. It might be time to design better ubiquitous technologies by unpacking AI ethics as well.