May 28, 2019 - TikTok parent Bytedance is reportedly working on its own smartphone

From the Editor's Desk

What Boards Need to Know About AI

Being a board member is a hard job - ask anyone who has ever been one. Company directors have to understand the nature of the business, review documents, engage in meaningful conversation with CEOs, and give feedback while still maintaining positive relationships with management. These are all hard things to balance. But, normally, boards don't have to get involved with individual operational projects, especially technical ones. In fact, a majority of boards have very few members who are comfortable with advanced technology, and this generally has little impact on the company.

This is about to change, thanks to machine learning and artificial intelligence.

More than half of technology executives in the 2019 Gartner CIO Survey say they intend to employ AI before the end of 2020, up from 14% today. If you're moving too slowly, a competitor could use AI to put you out of business. But if you move too quickly, you risk taking an approach the company doesn't truly know how to manage. In a recent report by NewVantage Partners, 75% of companies cited fear of disruption from data-driven digital competitors as the top reason they're investing.

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