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Description: Design Thinking and Innovation is a 7-week, 40-hour online certificate program from Harvard Business School. Design Thinking and Innovation will teach you how to leverage fundamental design thinking principles and innovative problem-solving tools to address business challenges and build products, strategies, teams, and environments for optimal use and performance.
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Beginning in Module 2 of Design Thinking and Innovation, you will apply the tools you learn in the course to an innovation problem that is important or interesting to you, or you can use a provided scenario. In subsequent modules, you will use your earlier responses to build on your innovation project and make each phase of design thinking relevant to your own work.
No, each individual submits their own work in Design Thinking and Innovation, and all project work can be submitted without sharing it with others in the course. You are encouraged to share with others and ask for feedback, but collaboration isn’t necessary to advance through the course.
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Understanding ai and ml, learning and educational resources in ai and ml, career in ai and ml, ai, ml, and data science: differences and relations, applications and implementation of ai and ml, ai, ml, and the future.
What is Artificial Intelligence?
Artificial Intelligence (AI) represents a significant branch of computer science dedicated to designing intelligent machines to perform tasks that typically involve human intelligence. These tasks include recognizing speech, interpreting complex data, making decisions, and translating languages. AI aims to simulate human cognitive processes through algorithms and machine learning, enabling machines to execute tasks autonomously and learn from their experiences.
What is Machine Learning?
Machine Learning (ML), a core component of AI, builds algorithms and statistical models that enable computers to perform specific tasks without explicit code instructions. Instead, these systems learn and make predictions or decisions based on patterns and inferences from data. ML is pivotal in developing systems that can autonomously improve their functionality over time, making it a cornerstone technology in various applications like recommendation systems, natural language processing, and autonomous vehicles.
AI and ML in Academia and Debates
AI and ML courses have become fundamental in academic curriculums, offering insights from basic algorithms to complex neural networks. These courses cater to various levels, from beginners to advanced learners. While comparing AIML with data science, it's essential to note that they are complementary fields. Data science, which focuses on extracting insights from data, is integral to training AI and ML models, thus driving their effectiveness and applicability.
Artificial Intelligence Post Graduate Certificate Courses by University of Texas - McCombs This 12-month online program is ranked as the #1 AI Program and has over 22,800 learners. It's ideal for those seeking a comprehensive understanding of AI and ML from a prestigious university.
Artificial Intelligence PG Program for Leaders by Great Lakes Executive Learning A 5-month online program with live virtual classes, curated for professionals and leaders. This course does not require prior programming experience, making it accessible to aspirants from various backgrounds.
Artificial Intelligence Certificate Programs by MIT IDSS The MIT Data Science and Machine Learning Program is a 12-week online course. It provides an opportunity to learn from MIT faculty and includes live mentorship, ideal for those seeking a short-term, intensive learning experience.
Post Graduate Diploma in Artificial Intelligence by IIIT Delhi A 12-month online program offered by IIIT-Delhi, ranked as the #4 university in India. This program includes dedicated career support designed for career-oriented professionals.
No Code AI and Machine Learning: Building Data Science Solutions by MIT This 12-week online course focuses on building data science solutions without needing extensive coding and is taught by MIT faculty. It is designed for learners to understand AI and ML applications without deep programming knowledge.
MS Artificial Intelligence and Machine Learning by Walsh College A 2-year hybrid program that does not require GRE/TOEFL/GMAT for admission. It offers up to 3 years of STEM OPT VISA in the US, making it an ideal choice for graduates to work in the US post-graduation.
MS in Information Science: Machine Learning by University of Arizona This 2-year online/hybrid program offers significant savings (Save INR 55+ Lakhs) and up to 3 years of STEM OPT Visa in the US. It's a comprehensive choice for those aiming for an advanced degree in AI and ML.
PG Program in Machine Learning by Great Lakes Executive Learning This 7-month online program offers personalized mentorship and support and is taught by award-winning faculties. It's suitable for those looking to specialize in machine learning.
Learning AI and ML is accessible through the Great Learning Academy. The platform offers a range of free courses in AI and ML. These courses cover various topics, from basic introductions to more advanced concepts. Websites like GitHub and Kaggle also provide practical resources and datasets for hands-on learning. In collaboration with world-class universities, Great Learning offers specialized post-graduate programs for those seeking structured learning paths and learning from comprehensive online and hybrid AI courses.
Career in Artificial Intelligence
Starting a career in AI requires a foundational understanding of computer science, mathematics, and statistics. Beginners should focus on building these foundational skills through academic courses or online learning platforms offering AI and ML courses. Gaining practical experience through projects, internships, or contributing to open-source projects is crucial. Networking with professionals in the field, attending workshops and conferences, and staying updated with the latest AI trends and research can also provide valuable insights and opportunities in this rapidly evolving field.
Who can learn AI and Machine Learning?
AI and machine learning are fields open to anyone interested in technology, problem-solving, and innovation. While a background in computer science, mathematics, or a related field can be beneficial, it is not a strict requirement. Many online courses and programs are curated to cater to beginners without prior experience. These courses often start with the basics before gradually moving to more complex topics. The key is a willingness to learn and a commitment to continually update skills in these dynamic and evolving fields.
Which is better in India, AI or AIML?
In India, AI (Artificial Intelligence) and AIML (Artificial Intelligence and Machine Learning) offer promising career prospects, but their choice depends on individual career goals. AI is a broader field encompassing various technologies, including ML, and offers diverse career paths. In contrast, ML is a specialized area within AI focused on algorithms and data. Professionals interested in research, development, and application of intelligent systems prefer AI, while those inclined towards data-driven technologies and analytics find ML more suitable.
AI ML and Data Science
AI and ML are integral components of data science. Data science is a broader field that involves extracting insights and knowledge from data, encompassing various techniques from statistics, data analysis, and informatics. AI and ML contribute to data science by providing the methodologies and tools to automate the analysis, interpretation, and decision-making processes based on data. They enable data scientists to create predictive models and algorithms to learn from and make data-based decisions.
The Purpose and Applications of AI and ML
The primary goal of AI is to augment human capabilities and automate tasks. This encompasses enhancing productivity, accuracy, and taking on complex or hazardous tasks. Similarly, machine learning leverages pattern recognition and data analysis to adapt and make informed decisions, finding applications in areas like image and speech recognition, medical diagnosis, financial trading, and language translation. Both AI and ML are pivotal in driving efficiency and innovation across various sectors.
Big Data and Artificial Intelligence
Big Data and Artificial Intelligence are closely interlinked. Big Data refers to the vast volumes of data generated daily, which is too complex and large to be processed by traditional data-processing software. AI, particularly ML, plays a crucial role in analyzing and extracting valuable insights from this data. AI algorithms can process, analyze, and interpret large datasets to identify patterns, trends, and correlations that would be difficult for humans to discern manually. This synergy between Big Data and AI is fundamental in market analysis, healthcare, finance, etc.
AI Solutions
AI has the potential to solve a wide array of complex problems across various domains. In medicine and healthcare, AI can assist in diagnosing diseases, predicting patient outcomes, and personalizing treatment plans. In finance, it can enhance fraud detection, automate trading, and improve risk management. AI is also transforming industries like retail with personalized shopping experiences and transportation with the development of autonomous vehicles. AI addresses social challenges, such as climate change and resource management, by optimizing energy usage and predicting environmental changes.
Can AI match the human brain?
Despite significant advancements, AI has yet to reach the complexity and versatility of the human brain. The human brain is capable of general intelligence, consciousness, and emotional understanding, aspects that AI currently cannot replicate. AI excels in specific, well-defined tasks and can process huge data sets at incredible speeds, but it lacks the human brain's general problem-solving capabilities and adaptability. Developing AI that can match human cognitive abilities remains a long-term goal in the field.
Data Science and Machine Learning careers
Data science and machine learning are exponentially evolving technologies and continue to be highly promising career paths. The demand for skilled data science and machine learning professionals is growing as more industries recognize the value of data-driven decision-making and automation. Data science and ML offer diverse career opportunities, from developing sophisticated algorithms and predictive models to extracting and interpreting complex data insights. As businesses and organizations increasingly rely on data to drive operations and strategies, expertise in these areas will remain highly sought after.
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Enhance your Artificial Intelligence knowledge through our informative blogs. These blogs will help you understand the domain comprehensively and become a successful AIML professional.
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Comprehensive Programs to Advance Careers in AIML Artificial Intelligence (AI) and Machine Learning (ML) are rapidly evolving landscapes of technology and have emerged as pivotal forces driving innovation across industries. Integrating AI into business processes is a trend and a strategic imperative for organizations aiming to maintain competitive advantage and foster innovation. Recognizing this shift, Great Learning, in collaboration with prestigious educational institutions and renowned universities such as the University of Arizona, IIIT-Delhi, Walsh, MIT Professional Education, and the University of Texas at Austin, has developed comprehensive Artificial Intelligence courses curated to equip professionals with the skills to simplify and navigate the complexities of AI and ML and leverage these technologies for business success.
Transformative Education in AI and ML The suite of courses offered, including the MS in Artificial Intelligence and Machine Learning, No Code AI, Post Graduate Diploma in Artificial Intelligence, MS in Machine Learning, Generative AI for Business, and the PG Program in AI for Leaders from the UT Austin, IIIT-Delhi, MIT Professional Education, Walsh, Microsoft and the University of Texas at Austin, underscores the multifaceted approach to AI education. From data science basics to neural networks and Generative AI, the curriculum is designed for professionals, from those with technical backgrounds seeking to deepen their expertise in AI and ML technologies to business leaders and non-tech professionals aiming to harness AI's power for strategic decision-making. With online lectures, hands-on projects, and industry expert sessions, these programs equip learners with the skills to apply AI and ML in solving real-world business problems, bridging the industry's skills gap.
Bridging the Skills Gap The demand for skilled AI professionals outstrips the current supply, creating a significant skills gap in the industry. This gap is in technical roles and leadership positions where understanding AI's capabilities and limitations is crucial for driving business innovation. The online and hybrid Artificial Intelligence and Machine Learning courses aim to bridge this gap by combining theoretical knowledge, practical skills, and real-world applications. They are structured to provide flexibility through online formats, mentored learning sessions, and hands-on projects, making them accessible to working professionals without disrupting their careers.
Curriculum Highlights The curriculum across these online and hybrid courses is meticulously designed to teach the breadth and depth of AI and ML. From foundational concepts in data science and statistics to advanced topics in neural networks, deep learning, computer vision, and natural language processing, the programs offer a comprehensive learning experience. Importantly, they emphasize practical applications through case studies, projects, and capstone projects, ensuring learners can apply their knowledge to real-world business problems.
Industry-Relevant Learning A unique aspect of these Artificial Intelligence courses is the focus on industry relevance. The curriculum includes sessions with industry experts, providing insights into how AI and ML are applied across sectors. AIML projects are designed to simulate real-world scenarios, allowing learners to develop solutions to actual business challenges. This practical focus ensures that graduates are proficient in AI and ML technologies and understand how to apply these technologies to drive business value.
Empowering Leaders with AI Knowledge Recognizing the importance of leadership in driving AI initiatives, the PG Program in AI for Leaders is particularly designed for business leaders and professionals. This program focuses on developing an intuitive understanding of AI and ML, enabling leaders to make informed strategic decisions, manage technical teams effectively, and lead AI-driven transformation projects. Including modules on ChatGPT and Generative AI further ensures that the curriculum remains at the forefront of AI innovation.
Artificial Intelligence continues to reshape industries, and the need for AI-skilled professionals who can navigate the complexities of these technologies and leverage them for business success has never been greater. The collaborative AI courses offered by Great Learning, in partnership with leading universities, represent a significant step forward in meeting this need. By providing a comprehensive, flexible, and practical learning experience, these programs are equipping a new generation of professionals and leaders with the skills to lead in the age of AI.
Why Learn from Great Learning? Great Learning is a leader in professional education, offering cutting-edge AI and Machine Learning courses in collaboration with top global universities. It combines rigorous academic content with practical experience that is globally relevant, guided by industry experts and renowned academicians. This approach ensures learners gain theoretical knowledge and real-world skills, supported by a robust mentorship and career assistance network, making Great Learning the go-to platform for advancing careers through AIML courses.
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Humans and machines: a match made in productivity heaven. Our species wouldn’t have gotten very far without our mechanized workhorses. From the wheel that revolutionized agriculture to the screw that held together increasingly complex construction projects to the robot-enabled assembly lines of today, machines have made life as we know it possible. And yet, despite their seemingly endless utility, humans have long feared machines—more specifically, the possibility that machines might someday acquire human intelligence and strike out on their own.
Sven Blumberg is a senior partner in McKinsey’s Düsseldorf office; Michael Chui is a partner at the McKinsey Global Institute and is based in the Bay Area office, where Lareina Yee is a senior partner; Kia Javanmardian is a senior partner in the Chicago office, where Alex Singla , the global leader of QuantumBlack, AI by McKinsey, is also a senior partner; Kate Smaje and Alex Sukharevsky are senior partners in the London office.
But we tend to view the possibility of sentient machines with fascination as well as fear. This curiosity has helped turn science fiction into actual science. Twentieth-century theoreticians, like computer scientist and mathematician Alan Turing, envisioned a future where machines could perform functions faster than humans. The work of Turing and others soon made this a reality. Personal calculators became widely available in the 1970s, and by 2016, the US census showed that 89 percent of American households had a computer. Machines— smart machines at that—are now just an ordinary part of our lives and culture.
Those smart machines are also getting faster and more complex. Some computers have now crossed the exascale threshold, meaning they can perform as many calculations in a single second as an individual could in 31,688,765,000 years . And beyond computation, which machines have long been faster at than we have, computers and other devices are now acquiring skills and perception that were once unique to humans and a few other species.
QuantumBlack, McKinsey’s AI arm, helps companies transform using the power of technology, technical expertise, and industry experts. With thousands of practitioners at QuantumBlack (data engineers, data scientists, product managers, designers, and software engineers) and McKinsey (industry and domain experts), we are working to solve the world’s most important AI challenges. QuantumBlack Labs is our center of technology development and client innovation, which has been driving cutting-edge advancements and developments in AI through locations across the globe.
AI is a machine’s ability to perform the cognitive functions we associate with human minds, such as perceiving, reasoning, learning, interacting with the environment, problem-solving, and even exercising creativity. You’ve probably interacted with AI even if you don’t realize it—voice assistants like Siri and Alexa are founded on AI technology, as are some customer service chatbots that pop up to help you navigate websites.
Applied AI —simply, artificial intelligence applied to real-world problems—has serious implications for the business world. By using artificial intelligence, companies have the potential to make business more efficient and profitable. But ultimately, the value of AI isn’t in the systems themselves. Rather, it’s in how companies use these systems to assist humans—and their ability to explain to shareholders and the public what these systems do—in a way that builds trust and confidence.
For more about AI, its history, its future, and how to apply it in business, read on.
Learn more about QuantumBlack, AI by McKinsey .
What is machine learning.
Machine learning is a form of artificial intelligence that can adapt to a wide range of inputs, including large sets of historical data, synthesized data, or human inputs. (Some machine learning algorithms are specialized in training themselves to detect patterns; this is called deep learning. See Exhibit 1.) These algorithms can detect patterns and learn how to make predictions and recommendations by processing data, rather than by receiving explicit programming instruction. Some algorithms can also adapt in response to new data and experiences to improve over time.
The volume and complexity of data that is now being generated, too vast for humans to process and apply efficiently, has increased the potential of machine learning, as well as the need for it. In the years since its widespread deployment, which began in the 1970s, machine learning has had an impact on a number of industries, including achievements in medical-imaging analysis and high-resolution weather forecasting.
The volume and complexity of data that is now being generated, too vast for humans to process and apply efficiently, has increased the potential of machine learning, as well as the need for it.
Deep learning is a more advanced version of machine learning that is particularly adept at processing a wider range of data resources (text as well as unstructured data including images), requires even less human intervention, and can often produce more accurate results than traditional machine learning. Deep learning uses neural networks—based on the ways neurons interact in the human brain —to ingest data and process it through multiple neuron layers that recognize increasingly complex features of the data. For example, an early layer might recognize something as being in a specific shape; building on this knowledge, a later layer might be able to identify the shape as a stop sign. Similar to machine learning, deep learning uses iteration to self-correct and improve its prediction capabilities. For example, once it “learns” what a stop sign looks like, it can recognize a stop sign in a new image.
Case study: vistra and the martin lake power plant.
Vistra is a large power producer in the United States, operating plants in 12 states with a capacity to power nearly 20 million homes. Vistra has committed to achieving net-zero emissions by 2050. In support of this goal, as well as to improve overall efficiency, QuantumBlack, AI by McKinsey worked with Vistra to build and deploy an AI-powered heat rate optimizer (HRO) at one of its plants.
“Heat rate” is a measure of the thermal efficiency of the plant; in other words, it’s the amount of fuel required to produce each unit of electricity. To reach the optimal heat rate, plant operators continuously monitor and tune hundreds of variables, such as steam temperatures, pressures, oxygen levels, and fan speeds.
Vistra and a McKinsey team, including data scientists and machine learning engineers, built a multilayered neural network model. The model combed through two years’ worth of data at the plant and learned which combination of factors would attain the most efficient heat rate at any point in time. When the models were accurate to 99 percent or higher and run through a rigorous set of real-world tests, the team converted them into an AI-powered engine that generates recommendations every 30 minutes for operators to improve the plant’s heat rate efficiency. One seasoned operations manager at the company’s plant in Odessa, Texas, said, “There are things that took me 20 years to learn about these power plants. This model learned them in an afternoon.”
Overall, the AI-powered HRO helped Vistra achieve the following:
Read more about the Vistra story here .
Generative AI (gen AI) is an AI model that generates content in response to a prompt. It’s clear that generative AI tools like ChatGPT and DALL-E (a tool for AI-generated art) have the potential to change how a range of jobs are performed. Much is still unknown about gen AI’s potential, but there are some questions we can answer—like how gen AI models are built, what kinds of problems they are best suited to solve, and how they fit into the broader category of AI and machine learning.
For more on generative AI and how it stands to affect business and society, check out our Explainer “ What is generative AI? ”
The term “artificial intelligence” was coined in 1956 by computer scientist John McCarthy for a workshop at Dartmouth. But he wasn’t the first to write about the concepts we now describe as AI. Alan Turing introduced the concept of the “ imitation game ” in a 1950 paper. That’s the test of a machine’s ability to exhibit intelligent behavior, now known as the “Turing test.” He believed researchers should focus on areas that don’t require too much sensing and action, things like games and language translation. Research communities dedicated to concepts like computer vision, natural language understanding, and neural networks are, in many cases, several decades old.
MIT physicist Rodney Brooks shared details on the four previous stages of AI:
Symbolic AI (1956). Symbolic AI is also known as classical AI, or even GOFAI (good old-fashioned AI). The key concept here is the use of symbols and logical reasoning to solve problems. For example, we know a German shepherd is a dog , which is a mammal; all mammals are warm-blooded; therefore, a German shepherd should be warm-blooded.
The main problem with symbolic AI is that humans still need to manually encode their knowledge of the world into the symbolic AI system, rather than allowing it to observe and encode relationships on its own. As a result, symbolic AI systems struggle with situations involving real-world complexity. They also lack the ability to learn from large amounts of data.
Symbolic AI was the dominant paradigm of AI research until the late 1980s.
Neural networks (1954, 1969, 1986, 2012). Neural networks are the technology behind the recent explosive growth of gen AI. Loosely modeling the ways neurons interact in the human brain , neural networks ingest data and process it through multiple iterations that learn increasingly complex features of the data. The neural network can then make determinations about the data, learn whether a determination is correct, and use what it has learned to make determinations about new data. For example, once it “learns” what an object looks like, it can recognize the object in a new image.
Neural networks were first proposed in 1943 in an academic paper by neurophysiologist Warren McCulloch and logician Walter Pitts. Decades later, in 1969, two MIT researchers mathematically demonstrated that neural networks could perform only very basic tasks. In 1986, there was another reversal, when computer scientist and cognitive psychologist Geoffrey Hinton and colleagues solved the neural network problem presented by the MIT researchers. In the 1990s, computer scientist Yann LeCun made major advancements in neural networks’ use in computer vision, while Jürgen Schmidhuber advanced the application of recurrent neural networks as used in language processing.
In 2012, Hinton and two of his students highlighted the power of deep learning. They applied Hinton’s algorithm to neural networks with many more layers than was typical, sparking a new focus on deep neural networks. These have been the main AI approaches of recent years.
Traditional robotics (1968). During the first few decades of AI, researchers built robots to advance research. Some robots were mobile, moving around on wheels, while others were fixed, with articulated arms. Robots used the earliest attempts at computer vision to identify and navigate through their environments or to understand the geometry of objects and maneuver them. This could include moving around blocks of various shapes and colors. Most of these robots, just like the ones that have been used in factories for decades, rely on highly controlled environments with thoroughly scripted behaviors that they perform repeatedly. They have not contributed significantly to the advancement of AI itself.
But traditional robotics did have significant impact in one area, through a process called “simultaneous localization and mapping” (SLAM). SLAM algorithms helped contribute to self-driving cars and are used in consumer products like vacuum cleaning robots and quadcopter drones. Today, this work has evolved into behavior-based robotics, also referred to as haptic technology because it responds to human touch.
Learn more about QuantumBlack, AI by McKinsey .
The term “artificial general intelligence” (AGI) was coined to describe AI systems that possess capabilities comparable to those of a human . In theory, AGI could someday replicate human-like cognitive abilities including reasoning, problem-solving, perception, learning, and language comprehension. But let’s not get ahead of ourselves: the key word here is “someday.” Most researchers and academics believe we are decades away from realizing AGI; some even predict we won’t see AGI this century, or ever. Rodney Brooks, an MIT roboticist and cofounder of iRobot, doesn’t believe AGI will arrive until the year 2300 .
The timing of AGI’s emergence may be uncertain. But when it does emerge—and it likely will—it’s going to be a very big deal, in every aspect of our lives. Executives should begin working to understand the path to machines achieving human-level intelligence now and making the transition to a more automated world.
For more on AGI, including the four previous attempts at AGI, read our Explainer .
Narrow AI is the application of AI techniques to a specific and well-defined problem, such as chatbots like ChatGPT, algorithms that spot fraud in credit card transactions, and natural-language-processing engines that quickly process thousands of legal documents. Most current AI applications fall into the category of narrow AI. AGI is, by contrast, AI that’s intelligent enough to perform a broad range of tasks.
AI is a big story for all kinds of businesses, but some companies are clearly moving ahead of the pack . Our state of AI in 2022 survey showed that adoption of AI models has more than doubled since 2017—and investment has increased apace. What’s more, the specific areas in which companies see value from AI have evolved, from manufacturing and risk to the following:
One group of companies is pulling ahead of its competitors. Leaders of these organizations consistently make larger investments in AI, level up their practices to scale faster, and hire and upskill the best AI talent. More specifically, they link AI strategy to business outcomes and “ industrialize ” AI operations by designing modular data architecture that can quickly accommodate new applications.
We have yet to see the longtail effect of gen AI models. This means there are some inherent risks involved in using them—both known and unknown.
The outputs gen AI models produce may often sound extremely convincing. This is by design. But sometimes the information they generate is just plain wrong. Worse, sometimes it’s biased (because it’s built on the gender, racial, and other biases of the internet and society more generally).
It can also be manipulated to enable unethical or criminal activity. Since gen AI models burst onto the scene, organizations have become aware of users trying to “jailbreak” the models—that means trying to get them to break their own rules and deliver biased, harmful, misleading, or even illegal content. Gen AI organizations are responding to this threat in two ways: for one thing, they’re collecting feedback from users on inappropriate content. They’re also combing through their databases, identifying prompts that led to inappropriate content, and training the model against these types of generations.
But awareness and even action don’t guarantee that harmful content won’t slip the dragnet. Organizations that rely on gen AI models should be aware of the reputational and legal risks involved in unintentionally publishing biased, offensive, or copyrighted content.
These risks can be mitigated, however, in a few ways. “Whenever you use a model,” says McKinsey partner Marie El Hoyek, “you need to be able to counter biases and instruct it not to use inappropriate or flawed sources, or things you don’t trust.” How? For one thing, it’s crucial to carefully select the initial data used to train these models to avoid including toxic or biased content. Next, rather than employing an off-the-shelf gen AI model, organizations could consider using smaller, specialized models. Organizations with more resources could also customize a general model based on their own data to fit their needs and minimize biases.
It’s also important to keep a human in the loop (that is, to make sure a real human checks the output of a gen AI model before it is published or used) and avoid using gen AI models for critical decisions, such as those involving significant resources or human welfare.
It can’t be emphasized enough that this is a new field. The landscape of risks and opportunities is likely to continue to change rapidly in the coming years. As gen AI becomes increasingly incorporated into business, society, and our personal lives, we can also expect a new regulatory climate to take shape. As organizations experiment—and create value—with these tools, leaders will do well to keep a finger on the pulse of regulation and risk.
The Blueprint for an AI Bill of Rights, prepared by the US government in 2022, provides a framework for how government, technology companies, and citizens can collectively ensure more accountable AI. As AI has become more ubiquitous, concerns have surfaced about a potential lack of transparency surrounding the functioning of gen AI systems, the data used to train them, issues of bias and fairness, potential intellectual property infringements, privacy violations, and more. The Blueprint comprises five principles that the White House says should “guide the design, use, and deployment of automated systems to protect [users] in the age of artificial intelligence.” They are as follows:
At present, more than 60 countries or blocs have national strategies governing the responsible use of AI (Exhibit 2). These include Brazil, China, the European Union, Singapore, South Korea, and the United States. The approaches taken vary from guidelines-based approaches, such as the Blueprint for an AI Bill of Rights in the United States, to comprehensive AI regulations that align with existing data protection and cybersecurity regulations, such as the EU’s AI Act, due in 2024.
There are also collaborative efforts between countries to set out standards for AI use. The US–EU Trade and Technology Council is working toward greater alignment between Europe and the United States. The Global Partnership on Artificial Intelligence, formed in 2020, has 29 members including Brazil, Canada, Japan, the United States, and several European countries.
Even though AI regulations are still being developed, organizations should act now to avoid legal, reputational, organizational, and financial risks. In an environment of public concern, a misstep could be costly. Here are four no-regrets, preemptive actions organizations can implement today:
Most organizations are dipping a toe into the AI pool—not cannonballing. Slow progress toward widespread adoption is likely due to cultural and organizational barriers. But leaders who effectively break down these barriers will be best placed to capture the opportunities of the AI era. And—crucially—companies that can’t take full advantage of AI are already being sidelined by those that can, in industries like auto manufacturing and financial services.
To scale up AI, organizations can make three major shifts :
Learn more about QuantumBlack, AI by McKinsey , and check out AI-related job opportunities if you’re interested in working at McKinsey.
Articles referenced:
This article was updated in April 2024; it was originally published in April 2023.
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Computational thinking is a problem-solving process in which the last step is expressing the solution so that it can be executed on a computer. However, before we are able to write a program to implement an algorithm, we must understand what the computer is capable of doing -- in particular, how it executes instructions and how it uses data.
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