Why is AI keeping Davos execs up at night? (via Passle)


Executives in Davos this year had a lot to discuss, such as the uncertainties surrounding the future of the planet with David Attenborough and the political instability pertaining to Brexit. Second only to the US-China trade deal however, 2019's most discussed topic in Davos was Artificial Intelligence. Two questions in particular seemed to capture the imaginations (and itineraries!) of attendees this year: Whilst the full impact of AI may seem far down the line, how far away exactly are we from a reality where these questions begin to hit home in a tangible way? In the 10th anniversary of the'Deloitte Tech Trends' published this year, one of the key trends titled "AI-fuelled organisations" posits that there are three phases of intelligence across the evolution of AI: Today's organisations primarily find themselves in the first phase and many of them are evolving to the second. "To become a true AI-fuelled organisation, a company may need to fundamentally rethink the way humans and machines interact within working environments. Executives should also consider deploying machine learning and other cognitive tools systematically across every core business process and enterprise operation to support data driven decision-making."