Genius Mind Zone’s Post

Reflections, lessons and stories from a 30+ year career as a CEO in the IT industry … Unleashing GenAI - A call to action! Long story short: 1. People tend to do what they did yesterday.  2. Gen AI is developing at an incredible rate 3. This combination is not perfect ... 😱. Example from this week: 1. I met a partner from McKinsey & Company. We were talking about GenAI and we were both fascinated and a bit scared by the implications this will have on our society. 2. The next meeting was with a company director. I asked him, "What are you doing with AI..." His answer came quickly: "nothing". I looked at him to see if he was joking ... He was not. 3. We see in various surveys that there are still many business leaders who don't engage with this new revolutionary technology. In my view, we risk an even greater difference between winners and losers. The companies with leaders who continue to do what they did yesterday will one day ask "what happened...". In my opinion, this is a CEO issue to ensure that the company is ready to enter this new world. A CEO of 2024 needs to spend a lot of time and energy exploring the opportunities that lie ahead.  I am convinced that there is a lot of energy and competence in all companies willing to explore this new world of opportunities. But the CEO has to set the tone! Please let me know if I can help … #AI #Strategy #Leadership #ChangeManagement

Leaders in the age of #GenerationAI (gen AI) must stay ahead of the game to harness the full potential of this rapidly evolving landscape. Recent McKinsey research highlights three crucial takeaways for leaders to consider. 1. Accelerated Automation Demands Strategic Planning 2. Talent Acquisition and Retention are Paramount 3. Cultural Adaptability is Key to Success It's time to proactively navigate the transformative impact of gen AI on businesses. As leaders navigate the gen AI landscape, these insights serve as guideposts to not only embrace the opportunities it presents but also to address the challenges and ensure a smooth and impactful integration into the future of work. #GenAI #LeadershipInsights #DigitalTransformation #Talentmanagement #Employeelifecycle #TechTalent🚀

I am thrilled to share our latest article on "What GenAI’s Top Performers Do Differently." While the potential of #GenAI is immense, it's noteworthy that only about 10% of companies have effectively scaled it. Our research delves into the strategies of these top performers, uncovering the distinctive practices that lead to their success with GenAI. Key Takeaways: The most successful GenAI adopters are deeply integrating this technology into their business ecosystems, significantly outperforming their competitors. They excel through: • A direct link to business performance. • A modern tech infrastructure. • Robust data capabilities. • Strong leadership support. • A commitment to responsible AI. https://lnkd.in/gVBkSXJw

Will GenAI Be a Catalyst for Growth or a Divider of Wealth? The intersection of Generative Artificial Intelligence (GenAI) with the workforce is no longer a distant future—it's our present reality. A recent study by The Burning Glass Institute and SHRM shows the profound implications of GenAI on high-skilled jobs, underscoring an urgent need for strategic leadership in this new era. As GenAI promises to elevate productivity, it also poses challenges, such as potential job disruptions and losses, and an expanding economic divide. This pivotal moment demands that leaders do more than merely adopt new technologies for operational efficiency. They call for a nuanced approach to leveraging GenAI, one that enhances organizational performance while safeguarding employee well-being and promoting equity. The critical question facing today’s leaders is how to balance the pursuit of innovation with ethical considerations and social responsibility. The report highlights the importance of companies using technology in a way that benefits everyone fairly, not just a select few. It stresses the need for companies to be open, inclusive, and focused on long-term growth. Finally, we need to keep in mind that the decisions made today will set the foundation for the future of work, making it imperative to lead with empathy, foresight, and a deep commitment to the collective long-term good. #GenAI #Leadership #Innovation #FutureOfWork #EthicalLeadership

Attention, business leaders! 📢 Around 4 in 5 companies have made AI a top priority in their strategy (Forbes) propelling them into the future. If you're not on board, you might be missing out on the next big leap for your business. #Everest brings you the power of AI – elevate your strategy and stay ahead in the game! 🚀🌐 #AIInnovation #BusinessStrategy #StayAheadWithEverest #ExecutiveAssistant

𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 & 𝗣𝗲𝗼𝗽𝗹𝗲 𝘄𝗶𝘁𝗵 𝗔𝗜/𝗚𝗲𝗻𝗔𝗜 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗶𝗴𝗵𝘁 𝗪𝗮𝘆 Considering Key Aspects... While everyone is talking about the transformative potential of AI and GenAI across all industries, it becomes paramount to approach their integration with a strategic mindset.  Evaluating how AI/GenAI can augment what truly matters is how this should be approached: • 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 - instead of productivity • 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝘂𝗹𝘁𝘂𝗿𝗲 & 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 - instead of introducing AI-based technology that is supposed to solve functional or non-priority problems While the buzz is still huge and we’re all surrounded by thousands of AI-enabled offerings screaming for attention, it's crucial to take a step back and carefully assess how each AI/GenAI technology or initiative aligns with business strategy, goals, and organizational values. This ensures that they genuinely contribute to meaningful progress without undermining any major elements of an organization. #AIIntegration #GenAI #BusinessTransformation #OrganizationalEmpowerment #FutureOfWork #BusinessStrategy #Leadership #Xelense #PeopleHub

"The nature of creativity is to make space for things to happen… We can drive it out with our busyness and plans." —Iain McGilchrist As AI reshapes the business world, we must step back from the relentless grind to create space for true innovation. Sensemaking conversations are essential—they inspire your leadership team to see the big picture and craft a visionary future. This matters deeply when it comes to navigating the complex terrain of technological transformation. "So, what's really happening with AI in our world? How do you want to engage with it? Who will you be as a leader in these unusual times? And what are the critical issues we must address?" These are the questions we pose to executive teams at the beginning of an AI Futures Lab. We thrive on igniting crucial conversations by orchestrating deep discovery and collaboration among brand and communications experts, technical marketing analysts, engineers, product managers, and accountants. This approach cultivates the profound understanding needed to navigate a world where traditional maps and compasses are obsolete. Let's not just keep up. Let's lead the way with courage, rebelliousness, and insight. #AI #Leadership #Innovation #Sensemaking #BusinessTransformation #GoBeTrue #GoodBeautifulTrue

I wanted to re-share an article I co-authored from last December that outlined the 5 steps for successful business-building 👇 We’re nearly a quarter of the way through 2024 and what’s amazed me from the last 3 months is that the appetite for new-business building among leaders is still growing! It really speaks to the mindset business leaders have today. In the past, we’ve seen businesses adopt defensive tactics against economic disruption and lose ground on competitors as a result. Today something different is happening. And technology is a big reason for this, especially generative AI, which is poised to increase investment in new businesses by 75%. I’m excited to see what the rest of the year holds. https://lnkd.in/eEsrUg3s? #McKinseyDigital #LeapbyMcKinsey #NewBusinessBuilding #GenerativeAI

#GenerativeAI is gaining traction as a potent instrument for growth and #innovation. Our insights reveal: ✔️88% of business leaders plan to focus on #AI and #GenAI in the next 12-18 months ✔️ 57% see GenAI as a significant opportunity for innovation and new revenue streams ✔️ Anticipated productivity boost of 20% ✔️ 64% emphasize the importance of self-regulation for responsible use Check out what business leaders think are the most compelling avenues for investment in 2024👉bit.ly/3HfTYXf #WEF24

🤖 Exciting News in Leadership!🤖 In a groundbreaking move, Dictador has rewritten the playbook by appointing Mika, an AI robot, as its CEO. This historical decision signifies a major stride towards integrating artificial intelligence into the fabric of corporate leadership. Mika, equipped with advanced AI capabilities, is set to oversee community relations and spearhead the Arthouse Spirits DAO project. Dictador's choice underscores a commitment to harnessing cutting-edge technology for heightened innovation and operational efficiency. The burning question: Can Mika outshine human CEOs? This pivotal appointment transcends Dictador's boardroom, prompting reflections on the evolving landscape of leadership and the pivotal role AI is poised to play in shaping our professional future. What are your reflections on this groundbreaking move? Share your insights in the comments below! 👇 I trust you found this post engaging. If so, consider following me (Dr. Biji Kumar R) for more captivating content. *Disclaimer: This post is for informational purposes only and does not claim any ownership of the featured video. All credits for the video go to the respective creator. #airevolution #leadership #innovation #futureofwork