
AI and Strategy: Redefining Business Advantage - Insights from Michael Davies
New Pulse of AI Podcast. Season 8, Ep 173 Pulse of AI Podcast Host Jason Stoughton is joined by Michael Davies. As Senior Lecturer at the Massachusetts Institute of Technology, Michael teaches Breakthrough Innovation: Harnessing AI to Create Value, and Ethics of AI: Building Responsible AI, Machine Learning, and GPTs and on the Technology Leadership Program and the CXO programs He also created the Business of AI program at London Business School, and for fifteen years taught the New Technologies Ventures program. He is the Founder and CEO of Endeavour.Partners, a boutique strategy and innovation consulting firm that enables business leaders worldwide to create value by harnessing and humanizing digital technologies and breakthrough innovation Its clients include the world's largest and most innovative technology firms (in mobile devices, wireless communication, broadband, and semiconductors), along with leaders in other sectors such as Fast Moving Consumer Goods (FMCG), insurance, airlines and aerospace, automotive, manufacturing and construction. Chapters 5:03 Background and Journey into AI 10:10 AI Transformation and Business Challenges 14:59 AI Safety and Responsibility 19:58 Ethics in AI Development 30:40 Harnessing AI: Strategies for Competitive Advantage 32:37 The Challenges of AI Deployment in Enterprises 33:08 Transformative Experiences with AI in Business 36:57 Reinventing Business Models with AI 39:24 The Impact of AI on Business Structures 41:08 The Future of AI in Small and Mid-Sized Companies 43:59 The Role of Smaller Firms in AI Innovation 46:41 Redesigning Business Processes for AI Integration 52:17 Creating a Roadmap for AI Transformation 58:07 Automation vs. Augmentation: The Corporate Dilemma 60:02 The Role of Employees in AI Transformation 61:26 Augmentation Over Automation: A New Approach 62:52 Navigating the Labor Market Transition 64:53 The Future of Work: Embracing Change 66:51 The Lump of Labor Fallacy: Rethinking Job Creation 73:04 Final Thoughts: Responsibility in AI Deployment















