AI is a double-edged sword for the environment. Its growth requires masses of energy, water, and rare earth metals. The LLMs of tomorrow may even require the world to bring old power plants, powered by fossil fuels, back online. On the other hand, AI has the potential to accelerate sustainable transformation by providing innovative approaches to energy production and consumption.
So, is AI a groundbreaking innovation or an environmental burden? Might it one day save our planet?
Today on the IMD podcast network, we're bringing you an episode of Mike and Amit Talk Tech, in which our hosts discuss AI and sustainability with Julia Binder, Professor of Sustainable Innovation and Business Transformation at IMD. To find out more about Mike Wade & Amit Joshi's latest book, "Gain: Demystifying Gen AI for Office and Home", visit the IMD website here or buy it directly from Amazon.
Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
The IMD AI Safety Clock is a tool designed to evaluate the risks of Uncontrolled Artificial General Intelligence (UAGI) – autonomous AI systems that operate without human oversight and could potentially cause significant harm.
Our mission is to evaluate and communicate these risks to the public, policymakers, and business leaders, helping ensure the safe development and use of AI technologies.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
Mike and Amit explore the impact of emerging technologies on finance.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
Since the dawn of history, humans have turned to technological innovations to win wars.
In the battle of Agincourt, French knights saw their superior numbers whittled down by English longbows. On the fields of Flanders, tanks and machine guns heralded a new age of mechanized destruction. The advent of TNT brought explosive power to battlefields long before the atomic bomb changed the face of war forever.
At a certain point, technological developments meant that physical strength, and even numerical superiority, could be largely decoupled from victory. Those with the biggest guns, and smartest machines, won out.
Now, as we enter an AI age, many wonder how machines will transform conflict once more.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
This year, Amazon celebrated 30 years in business.
By creating a virtual space where (almost) everything was available at the click of a button, the Seattle-based tech firm changed the face of retail. Tempted away from brick-and-mortar stores by the convenience of online shopping, Amazon created a whole new kind of consumer.
However, not all of its retail ideas have been successful. The company recently decided to close nearly all its cashless physical stores because of low sales. Customers just weren't buying into the concept of a till-less store.
This demonstrates a simple, but important rule of retail: old habits die hard.
Over the years, retail innovations such as the cash register have made life far more convenient for owners and customers alike, and letting go of them isn't that easy.
In this episode, Mike and Amit discuss what makes retail tech successful – and what your shopping experience may look like in years to come.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
In an era of desk jobs, sedentary lifestyles are common. Combined with the rise of ultra-processed food, it's no wonder so many people find it hard to stay in shape, despite their best intentions.
To help out, there's a plethora of tech to choose from. From apps that count calories to wearable health trackers, innumerable gadgets promise a slimmer, stronger you.
But at what point does all this tech get in the way of a healthy life? When are there too many apps to keep an eye on?
In this week's episode, Matt and Amit discuss why AI trainers might be the future. As AI is applied to ever more tech, the era of health apps may soon be replaced by something altogether more powerful.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
Mike and Amit discuss how games like football and tennis have paved the way for the $2bn industry of Esports.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
There's no doubt that statistics and data play an important role in professional sports. Whether in soccer, cricket, or American football, superfans have always been interested in goals scored, passes caught, or wickets taken.
But the point at which the value of that data became apparent was the advent of "Moneyball" in the early 2000s, which revolutionized Major League Baseball.
Popularized by a 2011 film starring Brad Pitt, the clever use of discreet data by Oakland A's general manager Billy Beane was a watershed moment for coaches and owners and altered the DNA of pro leagues in other sports.
Since then, however, things have moved on – so how does data inform and change sports today?
In this episode, Mike and Amit cover analytics as they kick off a three-part mini-series about tech in sports.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
Mike and Amit talk about the giant chipmaker NVIDIA, and how it's creating the technology of tomorrow.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
In March 2024, the European Union approved the world’s first set of major regulatory rules to govern artificial intelligence. The EU AI Act categorizes technologies by risk – low, medium, high, and "unacceptable." Those deemed the most dangerous can, in Europe, be shut down entirely.
It was a huge change in the tech world, but many may wonder why it was needed. Forms of AI have been used for decades, so aren't existing laws enough? And how does generative AI differ from traditional AI?
Mike Wade says it comes down to power. Generative AI is worlds apart from its predecessors. The technology could cause disaster in the wrong hands, and, like nuclear energy, it needs regulation. But enforcement of AI rules is tricky. Amit Joshi thinks the explainability of AI, or lack thereof, poses a challenge to regulators.
In this latest episode of Mike & Amit Talk Tech, the two IMD professors discuss these problems in the context of the shifting landscape of AI law.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
Mike & Amit talk about the future of Biotech, and how Artificial Intelligence may speed up healthcare and drug development.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
The 21st century has been dominated by video. At its start, camcorders allowed amateurs to make their own home movies, and by 2023, the likes of TikTok had become ubiquitous. Phones and social media platforms made shooting and editing child play.
But 2024 is seeing another change, one that may shake the very foundation of video itself.
Sora, from Open AI, is an Artificial Intelligence construct that can produce film with only a text prompt. Soon, being on the spot with a camera or a phone, may be totally unnecessary for those seeking to create photorealistic movies. Like ChatGPT before it, Sora may be about to change the world as we know it.
In the latest episode of Mike & Amit Talk Tech, the IMD professors discuss the latest innovations presented by Open AI in 2024.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.or of vido
From deepfakes to AI assistants, the technology of tomorrow may help or hinder the world depending on whose hands it's in. In the final episode of 2023, Mike and Amit discuss what to expect in the coming year, and give their predictions over how to prepare.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
The world has become familiar with artificial intelligence that can answer questions, often in a convincingly human manner. But so far, the technology has been limited by some key constraints. The first is that humans are still required to come up with the initial inputs, or 'prompts', to start conversations or processes. A second is that the relationship is bi-directional, interactions generally happen between a single human and an AI program.
But that may soon change.
In the not-too-distant future Amit and Mike expect seismic shifts in how generative AI will operate. Rather than working as a sounding board for our ideas, AI may well adapt to originate them, and perhaps even move into management itself. Could 2024 bring the advent of AI-powered digital coaches, a boss AI, or even a MomGPT?
In the sixth and final episode of this IMD miniseries on Generative AI, Mike and Amit discuss the future of this fast-growing sector and the possible limits on technological progress.
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Michael Wade is Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
Since generative AI exploded into public consciousness, people and companies have been worrying about its ethics. But, says Amit Joshi, before considering rogue programs or the replacement of human thought, one must first consider the ABCs of AI ethics.
Accuracy is the first big issue. How can one trust or disseminate the work of generative AI when it is so prone to hallucinating?
Bias is a problem too. In a recent survey of image-generating AI models, when asked to produce a picture of a CEO, there was a 94% chance of a male image being produced. Requests for a “cashier” returned images of females 84% of the time.
The big C here is copyright. Generative AI may seem to produce original content but how is one to know where the ideas truly originate? Might that magical marketing slogan produced by Chat GPT simply be lifted from another company?
These problems are just the start. Mike Wade worries about the privacy of data, image recognition, and protection. Together, he and Amit discuss how big tech can mitigate these problems and whether a fair system can be achieved through regulation.
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Michael Wade is Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
It's hard to argue that generative AI won't improve productivity in the long run.
You only need to ask Chat GPT a few questions to understand how fast it can pull together disparate facts, help you structure a workday, or simply find you a recipe. Early studies are backing that up too. A recent review by Harvard University and Boston Consulting Group showed that consultants using large language models were around 25% quicker at completing tasks.
But what might that mean for the global workforce? Some have already welcomed AI into the office, giving machines administrative tasks and finding more time for creative and rewarding work. But many others worry that advanced AI will replace them.
In this week's episode, Mike and Amit discuss how much of an impact generative AI will have on the global economy and how long it will take for change to come.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
Open AI, the company behind ChatGPT, is probably the most famous of the emerging artificial intelligence powerhouses.
The firm is backed by Microsoft, a tech giant that hopes to dominate the world of generative AI. But several Silicon Valley titans like Google and Meta have other ideas.
From Llama to Bard, AI-enabled chatbots and programs have been released at breakneck speed. The competition is heating up, and a range of new startups are joining the race.
In this week's episode of Mike and Amit Talk Tech, our hosts discuss how the speed of change is increasing, the costs of AI research, and who might come out on top.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
In the first episode of Mike & Amit’s mini-series on artificial intelligence, our hosts discussed the birth of AlphaGo and the technological underpinnings of generative AI.
But what makes ChatGPT different? Is there anything that fundamentally sets this latest generation of AIs apart from their predecessors?
At heart, says Amit Joshi, generative AI is still based on probability. Based on a given input a machine will try to figure out what should come next, and programs based on neural networks and backpropagation were brilliant at solving problems where context was not important.
But now AI has moved on. It can complex ideas without the framework of a board game or a closed system. That, says Mike Wade, is a game-changer.
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Michael Wade is a Professor of Innovation and Strategy and Director of the IMD Global Center for Digital Business Transformation. He also holds the Cisco Chair in Digital Business Transformation. An expert in digital transformation, he has published 10 books and more than 100 case studies, as well as articles on topics such as digital business transformation, innovation, strategy, and digital leadership.
Amit Joshi is a Professor of AI, Analytics, and Marketing Strategy. He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience in AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.
Find out more about IMD at imd.org
