Algorithms Are Replacing Leadership Strategies
Forbes | June 8, 2019
Barry Libert and Megan Beck, Contributor
As people who hope our children or grandchildren will never drive, we read with interest a recent New York Times opinion piece claiming that Owning a Car Will Soon Be as Quaint as Owning a Horse. As the author smartly put it, “everything that can be digitized will be digitized.” But we might make a slight update to the sentiment. Within the next decade, if something can be run by algorithms, it will be. This is especially true in the business world where cost is always key.
Machine learning (ML) and artificial intelligence (AI) applications are booming in the corporation world. Whether the task is candidate selection, inventory management, targeted marketing, or manager development, thereʼsanalgorithmforthat. Whilealgorithmsarenʼtalwaysreplacing humans, they are usually changing the way we work—just like platforms, and eventually self-driving cars, change the way we travel even if weʼre still in cars. As algorithms take over businesses, here are our best guesses on what practices soon become as charmingly old fashioned as punching a timecard.
