Why Artificial Intelligence Won't Replace CEOs

Peter Drucker was prescient about most things, but the computer wasn't one of them. "The computer ... is a moron," the management guru asserted in a McKinsey Quarterly article in 1967, calling the devices that now power our economy and our daily lives "the dumbest tool we have ever had." Drucker was hardly alone in underestimating the unfathomable pace of change in digital technologies and artificial intelligence (AI). AI builds on the computational power of vast neural networks sifting through massive digital data sets or "big data" to achieve outcomes analogous, often superior, to those produced by human learning and decision-making. Careers as varied as advertising, financial services, medicine, journalism, agriculture, national defense, environmental sciences, and the creative arts are being transformed by AI.