Experts are starting to agree that AI will replace CEO’s Experts are starting to agree that AI will replace CEO’s
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WHY THIS MATTERS IN BRIEF If you can break a job into roles and tasks you can automate it, and now CEO’s are coming... Experts are starting to agree that AI will replace CEO’s

WHY THIS MATTERS IN BRIEF

  • If you can break a job into roles and tasks you can automate it, and now CEO’s are coming into the firing line…


 

There’s a saying – if you can describe your job in one sentence then get prepared for it to be automated. Automation has changed society as we know it, and knew it, for centuries now, and Artificial Intelligence (AI) itself, a driving force for automation, is now increasingly being seen as a double edged sword. On the one hand it’s helping us save lives, but on the other it’s helping to automate hundreds of thousands of jobs – and entire companies like Aiydia, a fully autonomous hedge fund.

 

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As a consequence, and with a cacophony of voices, that include the likes of Bill Gates, Stephen Hawking, Elon Musk, and now Alibaba’s Jack Ma, continually telling us to “prepare for more pain than happiness” it’s not too hard for many of us to begin thinking the worst. Ma himself, for example, has spoken at several conferences on the topic, and he believes that “social conflicts in the next three decades will have an impact on all sorts of industries and walks of life,” something that mirrors the European Union’s sentiments “that AI and automation will leave no strata of society untouched.”

 

Jack Ma, CEO Alibaba, talking at Davos 2017
 

In Ma’s case, as you can see in the video above, he feels that many of these social conflicts will arise from the rise of automation and now he’s saying that in 30 years’ time he thinks that the “Time Magazine cover for the best CEO of the year will very likely be a robot. It remembers better than you, it counts faster than you, and it won’t be angry with competitors.”

 

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Aren’t CEO’s already robots? Anyway, and if you’re thinking of a cover that has an actual robot on it then you might be disappointed – in the future it’s more than likely, as we’re already seeing today with companies like Aiydia above, and Bridgewater Associates who are busy at the moment automating their entire management team, that the CEO “robot” running the company will be AI software… and there you all were thinking of a Terminator robot sitting behind a desk, silly you, that’s this years’ photo.

Matthew Griffin Global Futurist, Tech Evangelist, X Prize Mentor ● Int'l Keynote Speaker ● Disruption, Futures and Innovation expert

Matthew Griffin, Futurist and Founder of the 311 Institute is described as “The Adviser behind the Advisers”. Recognised in 2013, 2015 and 2016 as one of Europe’s foremost futurists, innovation and strategy experts Matthew is an award winning author, entrepreneur and international speaker who has been featured on Discovery, Kurzweil, TechCrunch, VentureBeat and other notable channels. Working hand in hand with accelerators, investors, governments, multi-nationals and regulators around the world Matthew shows them what the future holds, helps them transform their organisations, products, and services, and demonstrates how the combination of democratised, powerful emerging technologies is helping fuel cultural, industrial and societal change. Matthew’s clients include Accenture, Bain & Co, Bank of America, Booz Allen Hamilton, Boston Consulting Group, Dell EMC, Deloitte, Deutsche Bank, E&Y, Fidelity, Goldman Sachs, JP Morgan Chase, KPMG, McKinsey & Co, PWC, Qualcomm, SAP, Schroeder’s, Sequoia Capital, UBS, the UK’s HM Treasury, the USAF and many others.

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