Episode 59: Executives need to learn about AI

In this episode, I'm discussing the importance of learning when it comes to AI. Learning for board members, executives, team leaders and employees.

Only when you've got a basic grasp on what the current range of technology can do, are you in the best position to decide how to move forward.

Too many financial service organisations I see have pulled the trigger out of hope -- and ended up spending a lot of money for very little tangible outcomes.

Playing, testing, learning, these are seriously important in today's environment.

Have a listen and see what you make of it.

And if you need any help with learning and executive education, drop me a note: I'm ewan@ned.partners.

Takeaways

• AI strategies in banks often rely on simple solutions like Microsoft Co-Pilot.
• Many executives are unaware of the actual AI capabilities in their organisations.
• Proof of concepts (POCs) are essential but can easily lead to failures.
• Learning about AI should be a priority for executives and teams.
• Understanding the basics of AI can help demystify the technology.
• Generative AI is not (yet!) a superhuman solution but a set of procedures.
• Automation can significantly reduce the time spent on laborious tasks.
• Structured learning combined with practical application is key to success.
• Curiosity about technology can lead to innovative solutions.
• Organisations should not be embarrassed to focus on learning about AI.

Chapters

• 00:00 The AI Landscape in Financial Services
• 02:45 Understanding AI Implementation Challenges
• 05:32 The Importance of Learning in AI
• 08:16 Navigating Proof of Concepts
• 11:02 Structured Learning and Curiosity in AI
• 13:34 Practical Applications and Future of AI