Event Details
Like the Cambrian explosion, a time when many different types of complex animals suddenly diversified and emerged on Earth, we are witnessing a proliferation of AI applications in business, with companies leveraging this technology in various ways to optimise their operations, enhance customer experiences, and gain competitive advantages. What opportunities and challenges does this high-speed transformation present for businesses?
A year ago, in January 2023, South Korean Prime Minister Han Duck-soo told a policy meeting on AI technologies that South Korea had the goal of becoming one of the world's top three AI powerhouses by 2027. At the recent Davos World Economic Forum, AI was a prominent part of the discussions.
The business world has already seen many new developments since November 2022, when OpenAI, a Silicon Valley startup, launched ChatGPT, a highly articulate question-and-answer service that figures suggest has already surpassed the 180m-user mark. In February 2023, IBM CEO Arvind Krishna suggested that AI technology will very soon do away with many clerical white-collar jobs, most noticeably in customer service and HR. The next month, Microsoft announced the launch of a suite of AI "co-pilots" for workers in various roles, including sales, marketing and supply chain management.
AI-generated imagery is another new player knocking at the doors of graphic design agencies (and their clients) with powerful skills and speed. The brain image on this page, which we commissioned for this event, is AI-generated.
The integration of AI into business processes is not new, but recent advances in machine learning and natural language processing are enabling unprecedented levels of automation and decision-making. While the potential benefits of AI are clear - increased efficiency, cost savings, and enhanced customer experiences - the rapid pace of technological change also brings concerns around data privacy, algorithmic bias, and job displacement. Therefore, it is imperative that companies carefully consider the security and ethical implications of AI adoption as it becomes ubiquitous in the workplace.
As a business leader, are you and your top directors well-informed on the new possibilities presented by this high-speed transformation? How can you assess the challenges of risks of failing to implement - or indeed implement too quickly or too broadly - some of these tools? Are the dreaded risks for the workforce justified - or should managers be working toward reskilling and making the best out of AI applications? At our February event in Seoul, EICN brings together thought leaders and specialists to discuss the business implications of artificial intelligence applications.
Dress code: Business attire
Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Intelligence Corporate Network, but would like to learn how you can attend our events, don't hesitate to contact us.
