HBR’s 10 Must Reads on AI, Analytics, and the New Machine Age by Harvard Business Review. Harvard Business Review has selected 10 articles focusing on intelligence machines and why your strategy cannot ignore their impact.
Published in January 2019 these article certainly provide insights to the new machine age. Each article is presented with three ideas: Problem, Causes, and Solutions.
This very new class of intelligent machines are indeed revolutionizing business through data. Sensors now embedded can gather and transmit data. So, data analytics and machine learning are uniting to provide organizations powerful, data driven insights not possible even ten years ago. The cornerstone of these technologies is miniaturization and supply chain manufacturing costs.
When Organizations and smart machines are correctly brought together, teams will being hiring, not firing. The data outcomes will release new levels of productivity in a much shorter timespan. organizational Leaders will see the big idea new machines provide. As a result, leadership must rethink strategy, managing people, and introducing new services.
The downstream impact: Drone deployments will need retooling of current services into the cloud via mobile apps. Just wait until drones mature and move into commercial spaces. This is a far cry from perceived military only use for drones.
Three Types of AI
Tom Davenport introduces the book with Artificial Intelligence for the Real World. In this first article Tom outlines that companies must focus on AI through a lens of new business
capabilities and skip the technology weeds. As such AI is now supporting: automating business processes, gaining insight through data analysis, and engaging with customers and employees
Survey says…..
Also of note, 250 executives surveyed forecast AI bringing new services, enhancing current workflows and increasing organizational performance at 51%, better decision making at 35% while reducing headcount is last at 22%. The article Collaborative Intelligence: Humans and AI Are Joining Forces by H. James Wilson and Paul R. Daugherty further clarify the hiring that will result in AI deployments.
The articles bringing the combination of data science, artificial intelligence and machine learning into new markets for business. The key developments in this new data-driven world include: Blockchain, Drones, driverless vehicles, and 3D printers to name a few. New markets will continue emerging around them as they mature further in the coming decade. To a lesser impact, Augmented reality is currently struggling.
In conclusion, these 10 articles provide a good introduction to AI, Analytics, and Machine Learning. Short, quick and to the point with insights and real world knowledge.