AI and Strategy: Redefining Business Advantage - Insights from Michael Davies

New Pulse of AI Podcast. Season 8, Ep 173

Pulse of AI Podcast Host Jason Stoughton is joined by Michael Davies

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As Senior Lecturer at the Massachusetts Institute of Technology, Michael teaches Breakthrough Innovation: Harnessing AI to Create Value, and Ethics of AI: Building Responsible AI, Machine Learning, and GPTs and on the Technology Leadership Program and the CXO programs

He also created the Business of AI program at London Business School, and for fifteen years taught the New Technologies Ventures program.

He is the Founder and CEO of Endeavour.Partners, a boutique strategy and innovation consulting firm that enables business leaders worldwide to create value by harnessing and humanizing digital technologies and breakthrough innovation

Chapters

5:03 Background and Journey into AI

10:10 AI Transformation and Business Challenges

14:59 AI Safety and Responsibility

19:58 Ethics in AI Development

30:40 Harnessing AI: Strategies for Competitive Advantage

32:37 The Challenges of AI Deployment in Enterprises

33:08 Transformative Experiences with AI in Business

36:57 Reinventing Business Models with AI

39:24 The Impact of AI on Business Structures

41:08 The Future of AI in Small and Mid-Sized Companies

43:59 The Role of Smaller Firms in AI Innovation

46:41 Redesigning Business Processes for AI Integration

52:17 Creating a Roadmap for AI Transformation

58:07 Automation vs. Augmentation: The Corporate Dilemma

60:02 The Role of Employees in AI Transformation

61:26 Augmentation Over Automation: A New Approach

62:52 Navigating the Labor Market Transition

64:53 The Future of Work: Embracing Change

66:51 The Lump of Labor Fallacy: Rethinking Job Creation

73:04 Final Thoughts: Responsibility in AI Deployment