Honeywell CEO predicts “doomsday” for companies that do not apply AI This is his secret to using technology effectively
Honeywell CEO Vimal Kapur has a message for employers wondering about adopting artificial intelligence.
“In today’s world, if you don’t change, you’re living in the past,” he said at the Fortune Global Forum conference in New York on Monday. “If you fight it, I’m sure it will come and get you.”
An optimist about broader AI adoption, Kapur points to the rise of other technologies since the turn of the century, including 5G and cloud, which, along with AI, will form the “triad.” great when used properly, he said.
“If you’re scared, it’s the end of the world for everyone,” said Kapur, whose company is a multinational manufacturing giant with a large foothold in the aerospace industry.
Kate Johnson, CEO of Lumen Technologya global telecommunications and networking company, echoed Kapur’s optimism about AI and said that expanding technology in the office is about creating an adaptable culture. It is important to acknowledge that there is confusion and fear from the top down.
“AI brings uncertainty we have never seen before in the workplace and globally,” she said. “You need to be prepared for everything and that’s scary.”
Although there is “uncertain terrain ahead,” Johnson said human adaptation is the key to success.
“Now more than ever, you must create a culture that embraces change, is vulnerable and agile,” she said. “The real profits come when large corporations learn to change business processes and results.”
It’s also about trying to approach this change in a fundamentally new way.
“A lot of people are focusing on AI answering questions for them instead of, ‘What can I use this for and for me.’” “The shift in mindset is probably the number one thing,” Johnson said. one. [The mindset is] ‘I’ll show up and build an engine to make it work.’”
Both Kapur and Johnson say adopting AI will come with risks. But it will be worth it to have the right safeguards in place, including a strong data security plan and the ability to work across teams.
“If you want high returns, risk has to be shared,” Kapur said. “That means co-creation has to happen. We must risk sharing our abilities with others.”
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