Digital-series-icon Digital Series

The Future of AI: Implications for Individuals and Organisations

Watch webinar
With

Robert Farrell

Lecturer, Speaker, & Non-Executive Director
29th of March 2023 at 15:00 (GMT+1)
Via Zoom
Free

Key Takeaways

Download Slides 

  • AI is an umbrella term
    • Underneath the media/sci-fi depictions of AI – true AI is actually quite invisible when it works well, and it serves to make our lives a little bit more convenient.
    • Generative AI is artificial intelligence that uses algorithms to create new data (text, video, audio) that is similar to existing data
  • The global AI market size was worth over $62 billion in 2022.
    • And it’s expected to grow at over 40% from 2021 to 2028.
    • We’re going to see a lot more skills and roles and jobs coming online requiring people to have AI-based skills as the ecosystem evolves.
    • 84% of the C-suite think that leveraging artificial intelligence will help them achieve their growth objectives (Accenture). 
  • The key challenge now is not, ‘do we want to use AI?’. It’s figuring out ‘what can it do?’ And, more importantly, ‘what can it do to enable our strategy?’ 
  • These days, no matter what you want, there’s an AI that can do it for you.
    • But you need to explore your options because, sometimes, AIs don’t live up to the hype generated by marketing campaigns.
  • ChatGPT is famous. Lots of notoriety. 
    • It’s essentially a chatbot. You ask it to do something, and it’ll do it for you.
    • It’ll generate text responses in a way that sounds like they were written by a human. You can ask questions, it’ll give you answers. You can plug in text, and it’ll summarize or rewrite it for you. It’ll help you write or debug any computer code you create.
    • All elements of Chat Gpt have mixed results. Sometimes it’s really good, and sometimes it’s really bad.
    • You need to exercise your own knowledge and your own quality assurance around the outputs of ChatGPT.
    • At its core, it’s kind of like having a virtual assistant. It’s not a replacement for people’s jobs. It is just another tool, like a spelling/grammar checker. 
  • With AI in general, some people will lose their jobs. Some people will be allocated to different jobs. But it won’t lead to mass global layoffs. 
  • Consider how AI will impact your organisation and industry, and how you can deal with that. 
  • An AI ecosystem is emerging – both in terms of tools available and the service provision angle. 
    • There are future skills that we see need as humans, we need to know how to use AI, and we also need to be able to collaborate with other people – customers & clients.
    • We cannot outsource our creativity and critical thinking to AI, but we can use it to help expand our own skills. 
  • The question of who owns the data used by AI hasn’t been answered yet. Debate is ongoing.

About

This Webinar

When asked, many organisations think leveraging artificial intelligence (AI) will help them achieve their growth objectives. But does your organisation fully understand the power of AI and the benefits it can bring to your business?

Explore the key features and functionalities of this cutting-edge technology for individuals and organisations. Learn about its strengths and limitations. Witness a live demonstration of the capabilities of one of the most popular generative AI tools, ChatGPT, of the moment. Leave this webinar with a solid understanding of the evolving world of generative AI.

This webinar is not to be missed.

This Speaker

Global spend on Digital Transformation will exceed $2.3T in 2023 yet 70% of transformation projects fail to achieve their goals according to the Harvard Business Review. Robert is on a mission to improve this by developing the next generation of leaders. He is a lecturer, trainer and speaker specializing in Digital Transformation. Robert has delivered training to audiences including Google, HubSpot, Citibank, DocuSign, Amplexor and many more. He holds a postgraduate diploma in digital transformation, a masters in strategic management and several digital marketing certifications.

Previous Webinars on the same series

Digital Series

5 key cyber threat trends and developments in 2023

Eoghan Daly
Director
24th of May 2023 (GMT+1)
Digital Series

The Future of AI: Implications for Individuals and Organisations

Robert Farrell
Lecturer, Speaker, & Non-Executive Director
29th of March 2023 (GMT+1)
Digital Series

10 questions board directors should ask about cyber security

Eoghan Daly
Director
1st of February 2023 (GMT)
Digital Series

Be board-ready for a cyber attack

Eoghan Daly
Director
8th of June 2022 (GMT+1)
Digital Series

Navigating digital disruption: What your board needs to know

Robert Farrell
Digital transformation trainer, Lecturer & Speaker
11th of May 2022 (GMT+1)
Digital Series

Making sense of cybersecurity

Oscar O'Connor
Cybersecurity Advisor, CTO, CISO, Public Speaker and Storyteller, CAPSLOCK lead mentor and Non-Executive Director
13th of October 2021 (GMT)
Digital Series

What can a board do to avoid digital transformation failure?

Robert Farrell
Digital transformation trainer, Lecturer & Speaker
7th of April 2021 (GMT)
Digital Series

How to communicate in a virtual environment

Gerardine Lally
Founder
3rd of March 2021 (GMT)
Digital Series

Digital reality Vs real-world reality in the boardroom

Nicola Byrne
Entrepreneur, CEO
20th of January 2021 (GMT)
Digital Series

Digital transformation for boardroom directors

Robert Farrell
Digital transformation trainer, Lecturer & Speaker
21st of October 2020 (GMT)

Are you interested in presenting?

Are you a thought leader, an expert or a practitioner who wants to reach new audiences with your knowledge and expertise? Would you like to suggest a webinar topic that may be of interest to our global audience?

Members receive exclusive insights and opportunities

The Corporate Governance Institute provides its members with exclusive content, a network of directors and business leaders, details of available board positions, and the tools and resources required for a successful governance career.

Insights on leadership

Want more insights like this? Sign up for our newsletter and receive weekly insights into the vibrant worlds of corporate governance and business leadership. Stay relevant. Keep informed.