Recent Trends in Future Readiness

Recent Trends in Future Readiness

Using the news aggregating service Feedly.com as a content source, we have recently launched a Daily Digest e-newsletter keeping leaders fully up-to-date with the latest research and best-practice thinking on building future ready organisations.

A growing archive of previous Daily Digests can be found here: Daily Digest Archive . You can subscribe (free) to receive the Daily Digest direct to your inbox here: Future Ready Daily Digest .

Based on the Daily Digests covering the period 31st July to 13th August 2024 here is a short AI-generated summary of the key issues and themes being discussed across the broad range of content sources used to compile the newsletters.

Workplace Dynamics and Leadership:

  • The concept of contrapower harassment is explored, where subordinates target superiors with abusive behavior. This highlights ongoing debates about workplace dynamics and the use of hierarchical terms like "superiors" and "subordinates," which are seen as outdated in a modern context.
  • Leadership perspectives are enriched by philosophical concepts such as "I-It" and "I-Thou," which emphasize the importance of viewing relationships as partnerships rather than hierarchical structures.
  • There is a call to transform leadership development to better suit a volatile, digital world, emphasizing the need for leaders to adapt to rapid technological changes.

AI and Business Transformation:

  • As organizations move towards full-scale AI integration, a holistic strategy is required to reimagine enterprise systems and create AI-centric businesses that harness the transformative power of technology.
  • The Enterprise AI Maturity Index reveals that many companies are still in the early stages of AI-powered business transformation, indicating a need for more strategic planning and execution.
  • The discussion includes the pros and cons of appointing a Chief Artificial Intelligence Officer (CAIO) to oversee AI initiatives within organizations.

AI in Society and Economy:

  • The potential for AI to cause job displacement and widen socio-economic inequalities is a major concern, as automation may lead to a loss of meaning in work for many individuals.
  • AI's role in new product development is exemplified by cases like "gorilla sofas," highlighting innovative applications of AI in various industries.
  • There is a growing trend of parents in Silicon Valley enrolling their children in AI-focused summer camps, reflecting the increasing importance of AI education from a young age.

Digital Transformation and Strategy:

  • A playbook for crafting AI strategy emphasizes the need for strategic and organizational transitions in infrastructure, data governance, supplier ecosystems, and value measurement to achieve firm-wide AI integration.
  • Digital transformation is seen as a key enabler for national initiatives like Saudi Arabia’s Vision 2030, supporting economic diversification and modernization efforts.

Ethics and Governance in AI:

  • The urgent need for clearer guidelines and ethical standards for AI scraping is highlighted, as the profit motive often overrides ethical considerations.
  • The growing risk of "shadow AI" underscores the importance of governance and oversight in AI deployment to ensure responsible and ethical use of technology.

Marketing and Customer Engagement:

  • The challenge of measuring marketing ROI is discussed, questioning whether marketing can ever truly quantify its impact.
  • In a world dominated by standardized AI-generated marketing messages, there is a reminder of the importance of focusing on customer benefits, as emphasized by the Theodore Levitt axiom.

Organizational Change and Agility:

  • Organizations are encouraged to adopt agile methodologies and flexible structures to anticipate potential challenges and opportunities in a rapidly changing global market.
  • The healthiest organizations today operate differently than they did in the past, with notable changes in purpose, leadership, decision-making, employee experience, technology, and sustainability.

Technology and Innovation:

  • Companies are experimenting with virtual agent applications, but there is a question of whether customers actually want AI chatbots, highlighting the need to balance innovation with customer preferences.
  • Despite the hype around AI, investors are becoming more skeptical and are demanding tangible results, reflecting a shift towards more evidence-based investment decisions.

Miscellaneous:

  • Jamie Susskind advocates for a "digital republic" that challenges current political and economic systems dominated by profit-seeking mega tech companies, suggesting a need for systemic change.
  • The rise of "wisdom work" over "knowledge work" is discussed, emphasizing opportunities for intergenerational knowledge transfer and the importance of leveraging collective wisdom in the workplace.

?Please consult the Daily Digest Archive for links to each of the articles summarised above.

?Take care.

?As always, feedback and comments are very welcome

?Jim H

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