While some innovations, such as Cloud computing and digital transformation, are revolutionary, others like blockchain have struggled to gain traction.
Certain developments, like robotic process automation or virtual and augmented reality (VR/AR), may initially impact specific industries.
Additionally, emerging technologies such as the Internet of Things (IoT), 5G, and quantum computing have the potential to reshape the competitive landscape in future, suggesting that the board keep an eye open for developments in this space.
Furthermore, developments in cybersecurity and privacy laws demand the board's attention to mitigate risks and ensure compliance.
Currently, the spotlight is on artificial intelligence (AI), which presents both opportunities and challenges that boards must address to navigate the shifting technological landscape effectively.
AI stands out as a transformative force, capable of reshaping entire industries and business models. As boards of companies grapple with the imperative to embrace AI, it's evident that their oversight must evolve to keep pace with this explosive growth.
― While true artificial intelligence a machine's ability to perform cognitive tasks akin to human intelligence remains a distant goal, contemporary AI encompasses machine learning-powered technologies like ChatGPT, computer vision, and selfcorrecting algorithms. In this article, "AI" is used as shorthand for current technologies that enable machines to execute tasks traditionally carried out by humans.
Bu hikaye Business Standard dergisinin May 22, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin May 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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