As Artificial Intelligence enters the workplace, business leaders now need skills to rise to the challenges and opportunities presented. Traditionally high-level
human intellect jobs are getting automated, boosting the efficiency but, the reality is that human capital is indispensable. It is time for leadership development
to evolve. Industry experts point AI and ML as solution for innovating leadership development. While the technology acts as the catalyst, human interaction cannot
be substituted. There is a need for AI to be integrated with the way people work, learn and lead.
The competencies of future leaders focus on faster adaptability, AI helps to
- Analyze data for decision making
- Monitor team performance and productivity
- Improve the production and service process
Bruhat Insights Global, the AI-powered talent acquisition arm of Avtar Group, launched a nation-wide survey and reached out to over 250 organizations to get a deeper
in understanding the level of AI penetration by the organizational levels. The research found that for organizations that are fore-running with AI applications
in their HR functions, use insights-based data for succession planning and mentoring adding value to the organizations.
With a fear of making wrong management decisions, leaders' implement AI applications to ensure a smooth segue for managers climbing up the corporate ladder.
The other part of the problem is the number that leaders must be groomed for leadership positions. For example, a company with 50,000 employees implementing a succession
strategy down through the director level might need to have development plans for more than 3,000 leaders. In a situation like this, how can the organization ensure
that this new generation of leaders will be sensitive to its corporate culture and mission, possess the necessary subject-matter expertise, and foster appropriate
contacts and networks? This is where the AI system come into play. From the enormous amount of data that the system collects, machine learning provides insights on
an employee's potential to be developed into the suitable leader in an organization.
As AI holds enormous potential for human empowerment, the future leaders of the organizations across industries can make best use of the tools to identify
patterns and uncover insights to impact the bottom line. The millennial leaders who are the forefront of industry changes, need advanced training and coaching