In today’s digital era, AI has become a significant part of business operations. With the
increasing use of AI tools like ChatGPT, Gemini, Claude, and DALL-E in the corporate
world, it is no surprise that the number of people interested in learning AI skills is going
high rapidly.
There is an increasing demand for AI-learning programs at business schools, as per the
Survey by the Graduate Management Admission Council. If you’re a business
leader—or striving to be one—you should know how AI can impact your business and
how this technology opens doors for new ways of working, managing, or even
opportunities for new products. One major point is that you should always take the risks
associated with it. To succeed in your business with AI, you should exactly know when
to trust AI and when to avoid it.
The first step towards AI is learning the crucial skills required to thrive as an AI leader:
● Strategic AI Thinking: You cannot ask every time whether you should use AI here
or not. The decision depends on inquiring how the use of AI in any particular
situation will affect your long-term goal. Smart business leaders do not see
Artificial Intelligence as a gimmick but rather as a lever.
● Fostering Collaboration: The AI project does not belong to a single team; instead,
it works with a collaborative approach. Every team, from marketing to tech and
legal, has a certain role to play, and business leaders need to coordinate with
each of them to operate the business. To effectively embrace AI tools, leaders
need to focus on fostering collaboration among the team.
● AI Literacy: Business leaders do not need to be experts in teaching, but they
should be able to understand the basics. They should not be worried about terms
like supervised learning, hallucination, model drift, and fine-tuning. It is not about
fluency; it is more about contextual understanding.
● Ethical and Responsible Governance: Business leaders, while harnessing AI,
should excel in good governance and stay focused on the operations. AI
sometimes shows bias, makes wrong decisions, and creates PR nightmares if
you do not keep your eyes on it.
● Managing Change and Fostering Culture: Implementing AI can result in major
changes in the team structure or transform the way individuals perceive their job.
Business leaders should always try to nurture an environment of trust,
experimentation, and learning, mainly for those who are under pressure. AI’s
great obstacle is resistance. When leaders start learning the required skills,
businesses become resilient instead of being reactive.
Bottom Line
This is how business leaders can thrive amid the increasing importance and impact of
AI. Finally, they also need to understand that AI can offer data-driven insights, but
human intuition is still the most valuable medium for decision-making. AI can
complement human judgment with objective analysis, but the final decisions should
include human values, ethics, and contextual understanding.