The major advancement on artificial intelligence have made experts predict the future of humanity, where robots could not only ease everyday living but also take away employment opportunities. However, a McKinsey report reveals that despite the fear of robots taking over jobs, CEOs could not be replaced by robots (yet). According to McKinsey, artificial intelligence could indeed eliminate some jobs but only a very few occupations in the next decade. It might affect parts of a certain job, but not the entire position. The report noted that new development on artificial intelligence would enable robots to take over knowledge-driven work (e.g., finance, healthcare) rather than technical, routine manpower. However, despite these, Smithsonian notes that CEOs should not fear for their job yet as their position includes a judgmental function that AIs are not capable of doing just yet.

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.

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.

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The major advancement on artificial intelligence have made experts predict the future of humanity, where robots could not only ease everyday living but also take away employment opportunities. However, a McKinsey report reveals that despite the fear of robots taking over jobs, CEOs could not be replaced by robots (yet). According to McKinsey, artificial intelligence could indeed eliminate some jobs but only a very few occupations in the next decade. It might affect parts of a certain job, but not the entire position. The report noted that new development on artificial intelligence would enable robots to take over knowledge-driven work (e.g., finance, healthcare) rather than technical, routine manpower. However, despite these, Smithsonian notes that CEOs should not fear for their job yet as their position includes a judgmental function that AIs are not capable of doing just yet.

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Corporate leaders will need to be discerning in their use of A.I. tools. They must judge the source of the data streams before them, ascertain their validity and reliability, detect less than obvious patterns in the data, probe the remaining "what ifs" they present, and ultimately make inferences and judgment calls that are more informed, nuanced around context, valid, and useful because they are improved by intelligent machines. Flawed judgments built on bad or misinterpreted data could be even more harmful than uninformed flawed judgments because of the illusion of quasi-scientific authority resulting from the aura of data.

A few weeks ago, I got into an intense discussion with a good friend, who's a surgeon. He does important work, literally saving lives for a living. But I said his days in the operating room might just be numbered: the robots are coming. Already, driverless trucks are making their way across Europe, and "virtual employees" are starting to replace call center jobs. By some counts, surgery is not far off on the machine-learning hit list.

The debate over how robots could affect employment has been going on for more than a century. Those who rage against the machine say robots will steal our jobs, make us their slaves, and then kill us. Others believe robots are the key to ultimate freedom from work that humans find dull or dangerous. Some robots could climb stairs, others could pick up and place objects, while others could drive you around the sidewalk without you exerting any effort. The majority of executives at the conference explained how robots are here to rescue us from manual labor and will help to make our companies leaner, more profitable, more consistent, and more competitive.