{"id":12904,"date":"2022-08-11T09:00:00","date_gmt":"2022-08-11T07:00:00","guid":{"rendered":"https:\/\/www.getsmarter.com\/blog\/?p=12904"},"modified":"2025-12-08T14:27:25","modified_gmt":"2025-12-08T12:27:25","slug":"the-implications-of-ai-for-your-business","status":"publish","type":"post","link":"https:\/\/www.getsmarter.com\/blog\/the-implications-of-ai-for-your-business\/","title":{"rendered":"The Implications of AI for Your Business"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">The use of artificial intelligence (AI) has jumped and accelerated in recent years. According to a <\/span><i><span style=\"font-weight: 400;\">Harvard Business Review<\/span><\/i><span style=\"font-weight: 400;\"> article, 52 percent of companies accelerated their plans for adopting AI, with 86 percent of them making the use of AI the norm in their businesses.<sup>1<\/sup> According to another survey, 95 percent of CTOs, CIOs, IT directors, and CTOs surveyed said that AI will be the most significant driver of innovation across nearly every sector over the next one to five years.<sup>2<\/sup> But, interestingly, not many leaders realize AI\u2019s impact goes further than the IT department, whether that\u2019s in <\/span><a href=\"https:\/\/www.getsmarter.com\/blog\/how-ai-is-affecting-advertising-and-marketing\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"font-weight: 400;\">marketing<\/span><\/a><span style=\"font-weight: 400;\">, customer service, or human resources.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2022\" height=\"698\" src=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-01-1.png\" alt=\"\" class=\"wp-image-47324\" srcset=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-01-1.png 2022w, https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-01-1-768x265.png 768w, https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-01-1-1536x530.png 1536w, https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-01-1-420x145.png 420w\" sizes=\"auto, (max-width: 2022px) 100vw, 2022px\" \/><\/figure>\n\n\n\n<p>AI technologies have emerged as transformative tools affecting all industries, business functions, and the interaction between people and computers. It\u2019s now essential for business leaders to become familiar with existing and emerging technologies to prepare for the inevitable implications for management.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.getsmarter.com\/products\/oxford-artificial-intelligence-programme\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Oxford Artificial Intelligence Programme<\/strong><\/a> from Sa\u00efd Business School at the University of Oxford is designed for managers and leaders who need to better understand the applications and possibilities of AI. At the end of the six-week program, you\u2019ll have a practical business case for implementing the technology into your organization.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-artificial-intelligence-killing-jobs\">Is artificial intelligence killing jobs?<\/h2>\n\n\n\n<p>Although the media often gives the impression that AI will lead to robots replacing human workers, the changes may be more subtle than that. It\u2019s more likely career paths, industries, and simple day-to-day manual tasks of your job will evolve. In fact, by 2025, 50 percent of all employees will need to learn new skills.<sup>3<\/sup><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2022\" height=\"660\" src=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-10.png\" alt=\"\" class=\"wp-image-47325\" srcset=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-10.png 2022w, https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-10-768x251.png 768w, https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-10-1536x501.png 1536w, https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2022\/07\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1-10-420x137.png 420w\" sizes=\"auto, (max-width: 2022px) 100vw, 2022px\" \/><\/figure>\n\n\n\n<p>In order to fully understand how AI will impact the <a href=\"https:\/\/www.getsmarter.com\/blog\/future-work-career-predictions-need-pay-attention\/\" target=\"_blank\" rel=\"noreferrer noopener\">future of work<\/a>, you need to explore the core features of AI technologies from a business perspective. Here are three key areas to explore:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-artificial-intelligence-s-impact-on-business\">1. Artificial intelligence\u2019s impact on business<\/h2>\n\n\n\n<p>Different kinds of AI impact different business types and departments. These are some of the AI technologies and applications that businesses can use to their advantage:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Machine learning<\/li>\n\n\n\n<li>Rule-based systems<\/li>\n\n\n\n<li>Natural language understanding<\/li>\n\n\n\n<li>Activity recognition<\/li>\n\n\n\n<li>Automation<\/li>\n\n\n\n<li>Evolutionary algorithms<\/li>\n\n\n\n<li>Intelligence amplification<\/li>\n\n\n\n<li>Robotics<\/li>\n<\/ul>\n\n\n<div>\n            <!-- Responsive picture tag -->\n        <picture class=\"picture-block\">\n            <source media=\"(min-width: 768px)\" srcset=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2018\/01\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1_-Industry-case-study-3-Information-technology-Web.png\" >\n            <img decoding=\"async\" src=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2018\/01\/GS-BRAND-BLOG-The-Implications-of-AI-for-Your-Business-1_-Industry-case-study-3-Information-technology-Web-copy.png\" alt=\"\">\n        <\/picture>\n    <\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-the-impact-of-ai-on-the-workforce-and-society\">2. The impact of AI on the workforce and society<\/h2>\n\n\n\n<p>AI is feared by many due to a lack of understanding. However, that fear may not be as valid as previously thought. The World Economic Forum recently determined that more jobs will increase in demand than those that will decrease because of AI. By 2025, it estimates 97 new jobs will exist.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>The World Economic Forum recently determined that more jobs will increase in demand than those that will decrease because of AI.<\/p><\/blockquote><\/figure>\n\n\n\n<p>MIT faculty and industry experts from the <a href=\"https:\/\/www.getsmarter.com\/products\/mit-sloan-artificial-intelligence-implications-for-business-strategy-online-program\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Artificial Intelligence: Implications for Business Strategy<\/strong><\/a> online short course provide an in-depth understanding of how AI and machine learning can be embedded into your business strategy.<\/p>\n\n\n\n<p>Watch the video below to see what Thomas Malone, Co-Faculty Director of the program, says about AI\u2019s impact on jobs:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Will Artificial Intelligence Steal Our Jobs? | MIT Sloan Artificial Intelligence Online Short Course\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/MchNkdc3hzI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-the-ethical-implications-of-ai\">3. The ethical implications of AI<\/h2>\n\n\n\n<p>As technology continues to progress, so do the ethical issues and implications of using machines in partnership with humans.&nbsp;<\/p>\n\n\n\n<p>Businesses will need to consider algorithmic biases and inequality and the challenges AI poses within society and the state. This subject is explored in the three-week <a href=\"https:\/\/www.getsmarter.com\/products\/lse-ethics-of-ai-online-course\" target=\"_blank\" rel=\"noreferrer noopener\">Ethics of AI<\/a> online course from the London School of Economics and Political Science (LSE).<\/p>\n\n\n\n<p>Some other AI ethics topics include:<sup>4<\/sup><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Autonomous vehicles<\/li>\n\n\n\n<li>Crowdsourced workers<\/li>\n\n\n\n<li>Surveillance and privacy<\/li>\n<\/ul>\n\n\n\n<p>AI is coming, and it\u2019s quickly altering the business landscape. Being at the forefront of adopting AI in your business will place you ahead of the competition and make your team more effective. With short online courses such as those highlighted here, employees can learn to utilize AI, ultimately benefitting your organization.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-default\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-are-you-ready-to-explore-how-ai-can-be-leveraged-in-your-organization\">Are you ready to explore how AI can be leveraged in your organization?<\/h2>\n\n\n\n<p class=\"has-text-align-center\">Explore the portfolio of online courses<\/p>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/www.getsmarter.com\/subject-matter\/artificial-intelligence\" target=\"_blank\" rel=\"noreferrer noopener\">BROWSE AI COURSES<\/a><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"accordion\">\n<div class=\"card\">\n<div id=\"headingOne\" class=\"card-header\">\n<h6 class=\"mb-0\"><button class=\"btn\" style=\"background-color: transparent;\" data-toggle=\"collapse\" data-target=\"#sources\" aria-expanded=\"true\" aria-controls=\"sources\"> <strong>Click here to view sources<\/strong> <\/button><\/h6>\n<\/div>\n<div id=\"sources\" class=\"collapse\" aria-labelledby=\"headingOne\" data-parent=\"#accordion\">\n<div class=\"card-body\">\n<ul class=\"mx-0\" style=\"list-style: none;\">\n\n<li class=\"mb-4\"><sup>1<\/sup> McKendrick, J. (Sep, 2021). \u2018AI adoption skyrocketed over the last 18 months\u2019. Retrieved from <a href=\"https:\/\/hbr.org\/2021\/09\/ai-adoption-skyrocketed-over-the-last-18-months\" target=\"_blank\" rel=\"noopener\">Harvard Business Review<\/a>.<\/li>\n\n<li class=\"mb-4\"><sup>2<\/sup> (Nd). \u2018Artificial intelligence and machine learning, cloud computing, and 5G will be the most important technologies in 2022, says new IEEE study\u2019. Retrieved from \n<a href=\"https:\/\/www.ieee.org\/about\/news\/2021\/survey-chief-information-officers-and-chief-technology-officers.html\" target=\"_blank\" rel=\"noopener\">IEEE<\/a>. Accessed on February 3, 2022.<\/li>\n\n<li class=\"mb-4\"><sup>3<\/sup> Whiting, K. (Oct, 2020). \u2018These are the top 10 job skills of tomorrow \u2013 and how long it takes to learn them\u2019. Retrieved from <a href=\"https:\/\/www.weforum.org\/agenda\/2020\/10\/top-10-work-skills-of-tomorrow-how-long-it-takes-to-learn-them\/\" target=\"_blank\" rel=\"noopener\"> World Economic Forum<\/a>.<\/li>\n\n<li class=\"mb-4\"><sup>4<\/sup> Pazzanese, C. (Oct, 2020). \u2018Ethical concerns mount as AI takes bigger decision-making role in more industries\u2019. Retrieved from <a href=\"https:\/\/news.harvard.edu\/gazette\/story\/2020\/10\/ethical-concerns-mount-as-ai-takes-bigger-decision-making-role\/#:~:text=AI%20presents%20three%20major%20areas,political%20implications%20of%20new%20technologies.\" target=\"_blank\" rel=\"noopener\">The Harvard Gazette<\/a>.<\/li>\n\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learn about the implications the rise of AI has on business.<\/p>\n","protected":false},"author":74,"featured_media":46969,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[122,120],"article-format":[],"class_list":["post-12904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career-advice","tag-business-management","tag-systems-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Implications of AI for Your Business | GetSmarter Blog<\/title>\n<meta name=\"description\" content=\"Artificial intelligence is rapidly changing how businesses operate. 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