HBR Guide to AI Basics for Managers

HBR Guide to AI Basics for Managers

by Harvard Business Review
HBR Guide to AI Basics for Managers

HBR Guide to AI Basics for Managers

by Harvard Business Review

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Overview

AI is ready for business. Are you ready for AI?

From financial modeling and product design to performance management and hiring decisions, AI and machine learning are becoming everyday tools for managers at businesses of all sizes. But AI systems come with benefits and downsides—and if you can't make sense of them, you're not going to make the right decisions.

Whether you need to get up to speed quickly or need a refresher, or you're working with an AI expert for the first time, the HBR Guide to AI Basics for Managers will give you the information and skills you need to succeed.

You'll learn how to:

  • Understand key AI terms and concepts
  • Recognize which of your projects would benefit from AI
  • Work more effectively with your data team
  • Hire the right AI vendors and consultants
  • Deal with ethical risks before they arise
  • Scale AI across your organization

Arm yourself with the advice you need to succeed on the job, with the most trusted brand in business. Packed with how-to essentials from leading experts, the HBR Guides provide smart answers to your most pressing work challenges.


Product Details

ISBN-13: 9781647824433
Publisher: Harvard Business Review Press
Publication date: 01/10/2023
Series: HBR Guide Series
Pages: 272
Sales rank: 482,891
Product dimensions: 4.90(w) x 8.90(h) x 0.80(d)

About the Author

Harvard Business Review is the leading destination for smart management thinking. Through its flagship magazine, 12 international licensed editions, books from Harvard Business Review Press, and digital content and tools published on HBR.org, Harvard Business Review provides professionals around the world with rigorous insights and best practices to lead themselves and their organizations more effectively and to make a positive impact.

You can find HBR at: hbr.org
Twitter: @HarvardBiz
LinkedIn: linkedin.com/company/harvard-business-review
Facebook: @HBR
Instagram: @harvard_business_review
YouTube: youtube.com/user/harvardbusinessreview

Table of Contents

Introduction: How AI Will Redefine Management 1

Five practices that successful managers need to master. Vegard Kolbjørnsrud Richard Amico Robert J. Thomas

Section 1 AI Fundamentals

1 Three Questions About AI That Every Employee Should Be Able to Answer 11

How does it work, what is it good at, and what should it never do? Emma Martinho-Truswell

2 What Every Manager Should Know About Machine Learning 17

A nontechnical primer. Mike Yeomans

3 The Three Types of AI 27

First, understand which technologies perform which types of tasks. Thomas H. Davenport Rajeev Ronanki

4 AI Doesn't Have to Be Too Complicated or Expensive for Your Business 37

Focus on data quality, not quantity. Andrew Ng

Section 2 Building Your AI Team

5 How AI Fits into Your Data Science Team 47

Get over the cultural hardies and avoid exaggerated claims.

An Interview Hilary Mason Walter Frick

6 Ramp Up Your Team's Predictive Analytics Skills 53

Three pitfalls they need to avoid. Eric Siegel

7 Assembling Your AI Operations Team 61

A top-notch model is no good if your people can't connect it to your existing systems. Terence Tse Mark Esposito Takaaki Mizuno Danny Goh

Section 3 Picking the Right Projects

8 How to Spot a Machine Learning Opportunity 71

What do you want to predict, and do you have the data? Kathryn Hume

9 A Simple Tool to Start Making Decisions with the Help of AI 79

Use the AI Canvas. Ajay Agrawal Joshua Gans Avi Goldfarb

10 How to Pick the Right Automation Project 89

Invest in the ones that will build your organization's capabilities. Bhaskar Ghosh Rajendra Prasad Gayathri Pallail

Section 4 Working with AI

11 Collaborative Intelligence: Humans and AI Are Joining Forces 97

They're enhancing each other's strengths. H. James Wilson Paul Daugherty

12 How to Get Employees to Embrace AI 117

The sooner resisters get onboard, the sooner you will see results. Brad Power

13 A Better Way to Onboard AI 123

Understand it as a tool to assist people rather than replace them. Boris Babic Daniel L. Chen Theodoros Evgeniou Anne-Laure Fayard

14 Managing AI Decision-Making Tools 139

A framework to determine when and how humans need to stay involved. Michael Ross James Taylor

15 Your Company's Algorithms Will Go Wrong. Have a Plan in Place. 147

An AI designed to do X will eventually fail to do X. Roman V. Yampolskiy Section 5 Managing Ethics and Bias

16 A Practical Guide to Ethical AI 155

AI doesn't just scale solutions-it also scales risk. Reid Blackman

17 AI Can Help Address Inequity-If Companies Earn Users' Trust 167

A case from Airbnb shows how good algorithms can have negative effects. Shunyuan Zhang Kannan Srinivasan Param Vir Singh Nitin Mehta

18 Take Action to Mitigate Ethical Risks 179

It starts with three critical conversations. Reid Blackman Beena Ammanath

Section 6 Taking the Next Steps with AI and Machine Learning

19 How No-Code Platforms Can Bring AI to Small and Midsize Businesses 189

Three features to look for as you consider the right tool for your company. Jonathon Reilly

20 The Power of Natural Language Processing 197

NLP can help companies with brainstorming, summarizing, and researching. Ross Gruetzemacher

21 Reinforcement Learning is Ready for Business 205

Learning through trial and error can lead to more creative solutions. Kathryn Hume Matthew E. Taylor

Epilogue

Scaling AI

22 How to Scale AI in Your Organization 217

Invest in processes, people, and tools. Manasi Vartak

Appendix: Case Study: Will a Bank's New 225

Technology Help or Hurt Morale?

Weighing the benefits of AI against the downsides of impersonal decision-making. Leonard A. Schlesinger

Glossary of Key AI Terms 237

Index 243

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