Select enterprise leaders are growing increasingly interested in artificial intelligence and cognitive computing. For example, some business front–runners are leveraging various technologies to automate processes, deploy chatbots and extract hidden revelations from massive data stores.
Some executive leaders are waiting to see how this turns out, and still other executives fall somewhere in between, trying a bit of technology here and there, but not fully investing in innovation. Those who dare to blaze a path to the top of their field, however, are leaders who recognize that possibilities that were unimaginable just a short while ago are now within grasp.
The corporate world’s biggest achievers and risk-takers are reimagining enterprise operations, searching for new ideas and experimenting with new technologies. A bold few are leveraging remarkable technologies such as autonomous artificial intelligence (AI) to optimize organizational processes and lay the foundation for innovative disruption in the future. These thought-leaders have the bold vision to search outside their industries for applicable solutions.
This is a change in perspective from just a few short years ago. Now, however, more organizational leaders are looking for amazing innovations such as advanced data analytics to reinvent their enterprises.
Some pioneering leaders are embracing technology with open arms. Their organizations range in capability and their vision of the future.
In this regard, analysts group executive leaders as “aspirationals,” “observers,” “reinventors” and “tacticians.” Reinventors are strategic thinkers who use technologies such as AI to solve complex problems, while tacticians leverage technology to optimize only part of their enterprise.
Other organizational leaders prefer to maintain the status quo. These business leaders, unfortunately, are typically the ones who get left behind as their peers excel by taking risks.
Aspirationals, on the other hand, want to embrace change but have yet to make their first move, while observers don’t plan to incorporate advanced technologies because it doesn’t affect them – yet. Among those who have taken action, innovative technologies are revolutionizing the way that they do business.
Forward–thinking, ambitious leaders are leveraging cognitive systems, for instance, to understand human behavior and align technology with human wants and desires. So far, this kind of deployment has changed operating environments in dramatic ways and will continue to do so moving ahead.
Daring business leaders do not view change with apprehension or discontent. Instead, they ponder the remarkable opportunities that might lie before them. It is these reinventors and aspirationals who produce outcomes that deliver something to be admired.
Developed by the Ohio University Online Master of Business Administration program.