AI is transforming how we work and the technology depends on three components: algorithms, computing power, and data.
AI won’t just transform the way we work as people; it will also alter the dynamics and organization of industries. The business models of entire fields will be upended. The organizations that come out on top will be those that are best at creating a positive feedback loop between people, data, and AI. Each of these elements will be critical. People will still matter. Employees will need to help create and curate the data that will train AI, which in turn will help people become more efficient and successful. The businesses that can establish this feedback loop and run it fastest will outcompete the rest. The key for most companies will be figuring out how to turn not just knowledge but also experience and wisdom into data, and then that data into insight.
