Six Ways To Address The AI Leadership Deficit
Russell Reynolds Associates, Monday, June 24th, 2024
Leaders see AI acumen as crucial, but aren't confident in their personal or organization's ability to embrace the technology today.
In the six months since we first asked leaders about generative artificial intelligence (GenAI), confidence in the technology's potential has remained high.
According to Russell Reynolds Associates' most recent Global Leadership Monitor, there's significant enthusiasm around how AI might revolutionize organizations, with 74% of leaders reporting excitement around AI's potential to dramatically improve team productivity, and 58% believing in AI's potential to create new revenue streams in their organization (Figure 1).
And while it's impossible to avoid wondering about the potential downstream impacts on workforces, leaders are far more likely to believe that AI will create new jobs in their organizations than they are to be worried about AI causing layoffs (57% vs 15% strongly agree/agree).