Corporate boards need to build in structures and processes to adapt quickly to artificial intelligence and a rapid pace of change.
That's one takeaway from a conversation with Dr. David Bray, an AI150 member, principal of LeadDoAdapt Ventures and Distinguished Fellow with the Stimson Center.
Bray emphasized that adaptability is a competitive advantage in today's rapidly changing environment, and boards should focus on empowering their organizations to sense and respond quickly to changes rather than getting bogged down in tactical decisions.
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Here are some of the highlights from our conversation:
Separate AI hype from reality. "What boards need to be thinking about is what are they trying to do as a company, and then what are the appropriate AI tools to help them get there," said Bray.
Boards need more agile planning cycles. "Boards need to be more nimble," said Bray. "I would say every four weeks, you need to be updating your plan because things are changing so rapidly."
Human-AI collaboration is essential. "What humans do is they help provide the context for what data and possibly AI as it helps analyze it are seeing," said Bray. "It's really this idea of collective intelligence."
Organizations need decision elasticity. Bray said: "Future organizations really are trying to turn to their humans and say, 'Look, there's so much going on. You can only be in so many places at once'... Let the AI be the alert when something changes."
Encourage diverse thinking. "I come from a world in the intelligence community that if we force everybody to think the same, we're actually doing a disservice to what we're supposed to be doing," said Bray.
