These days, there’s a lot of talk about artificial intelligence (AI). Is this revolutionary technology here to help us or to take us over? Some people are really excited about an increasingly technology-driven future; others imagine there is no future with humans in it. After watching the latest sci-fi flick imagining our apocalyptic fate, it’s very easy to believe that AI threatens our intelligence, our jobs, and even our very survival.
Artificial Intelligence and Efficient Leadership
AI provides us with ways to do our jobs better and smarter. This transformational technology is still in its infancy, but already it is making radical changes in the workplace, all the way up to leadership. If you are a leader, AI shouldn’t be relied on to do your job for you. However, it can certainly help you do a better job.
One thing is sure: adaptation to this increasingly digitized world is no longer a question of choice; it’s a necessity. So, let’s take a look at how you can use AI to complement your strategic vision.
Data-Driven Intelligent Leadership
Great leaders understand that leadership is a lifetime role informed by continuous learning and transformation. Outdated leadership models are no longer effective in today’s modern world. As technology evolves, the day-to-day responsibilities of leaders must evolve along with it. AI is powered by machine learning that provides leaders with more access to data than ever before.
If you are a leader in a data-driven industry, you may think there’s not as much for you to do. However, AI isn’t meant to do away with your oversight. Think of it as leveraging your intuition with accurate information. Data allows you to make better and smarter business decisions. In other words, it enables intelligent leadership.
How Artificial Intelligence Can Turn You Into a Smarter Leader
Here are just a few of the ways AI can benefit your leadership:
Increase collaboration across departments.
Reveal inefficiencies in product design.
Pinpoint holdups in a workflow.
Assess cost-effectiveness.
Reduce customer churn.
Predict probable outcomes based on several different starting points.
Sort through hundreds of résumés to find top job candidates.
Artificial Intelligence Gives You More Time to Lead
Do you have a seemingly endless to-do list? AI can liberate you from routine tasks that can easily be automated. This cuts down on stress, leaves you time to focus on the big picture, and increases your productivity.
Artificial Intelligence Reduces Decision Fatigue
Have you experienced depleted energy levels, unexplained bouts of anger and frustration, and impulsive decisions? Do you recognize these signs as the high price of being a leader? You might just pass these symptoms off as the consequence of a demanding, high-stress job, but what you are actually suffering from is decision fatigue.
When people have to continuously make one decision after another, there’s a biological price to be paid. The more decisive you have to be during the day, the harder it is on your mental capacities. Eventually, your overloaded brain will look for a way out – you will either make a reckless decision or do nothing when you should be doing something.
Algorithms Don’t Get Tired
There is one significant way that algorithms are different from humans: they don’t get decision fatigue. They can keep on making infinite numbers of decisions more accurately and faster than people are biologically capable of. So look upon AI as a partner and a competitive advantage that can make you a trailblazer in your industry.
AI should not be regarded as a one-size-fits-all solution to every leadership problem you may face. You need to understand your limitations and AI’s advantages and sensibly amalgamate the two. If you do, you will be traveling down the high road of intelligent leadership.
If you are interested in learning more about how Artificial Intelligence can help you in your business and you aspire to more intelligent leadership, Shaping Development can help you. Book a consultation call with us today to learn more.