The
Executive Study Group (ESG) seminar 2018 – Leadership Seminar named “How to
secure your jobs & business against AI disruption” was held by the ESG,
Asia Pacific Institute for Strategy Limited (APIFS) and the Hong Kong Science
and Technology Parks Corp (HKSTPC) on 8 May 2018. During the seminar, I met my first boss Mr.
Dominic Lam (COO, CMA Testing) and we took photo with Dr. Mark Lee for
memory.
Then
we also met Mr. Simon Hui (Past Chairman of CityU Eminence Society) and we took
a photo in the hall.
In
the beginning, Dr. Mark Lee briefed the background of ESG and explained their
learning method named "Connect and Develop" as he usually quoted
Steve Jobs' statement that "Creativity is just connecting things."
Firstly, he mentioned the stock prices of the world-level advertising agent “WPP plc” that decrease seriously because of time change and internet economic removed agents. 60% of occupations affected significantly by AI era. Then he said the impact of automation was higher in the developed countries than developing countries. He also quoted a local media company as example (Stock no. 1716).
Dr.
Lee said your job was high probability to be replaced if it was related to
processing data, collecting data and predictable physical.
Then
we had a group discussion based on Michael Porter’s Value Chain model. Primary activities included Inbound
logistics, Operations, Outbound Logistics, Marketing & Sales and
Service. Support activities included
Firm Infrastructure, HR Management, Technology and Procurement. Most of participants agreed Firm infrastructure
(accounting & finance) would be replaced by AI and Technology (R&D, Engineering)
wouldn’t be replaced.
After
that Dr. Mark Lee introduced Porter’s 5 Forces and they were Competitive
Rivalry within an Industry, Bargaining Power of Suppliers, Bargaining Power of
Customers, Threat of New Entrants and Threat of Substitute Products.
And
then Dr. Lee briefed the first method was to understand your Industry Structure
Wall and quoted Prof. Michael Porter (Harvard Business School) statement that
“Industry structure drives competition and profitability, not whether an
industry is emerging or mature, high tech or low tech, regulated or
unregulated.” Dr. Lee said positioning
was the foundation of a strategy
In
the next session, Dr. Lee discussed the positioning in the middle between Human
and Machines. Human strengths included
creativity, improvisation and dexterity; while Machine strengths included
speed, accuracy and repetition.
Dr.
Lee suggested taking advantage of each other’s complementary strengths like a
bridge between Human and machine.
There
would be some new position for human in this gap including Ambassadors,
Trainers, Creative Directors, Explainers, Process Engineers and Safe Guards.
During
case study, Dr. Lee quoted Stitch Fix that employed machine learning with human
touch to recommend different style of dress for their customers.
Another
case was Koko in which we taught AI to be compassionate through machine
learning. Its objective was to talk
people using the appropriate amount of empathy, compassion and maybe even
humor.
For
the role of Creative Director, he used “Generative Design” to explain that AI
could generative many different designs based on rules that you couldn’t imagine
it.
Then
a group discussion was performed. We
discussed could HK industries applied “Generative Design” at basic level in 3
years. Most people selected unlikely
because of conservative culture.
After
that Dr. Lee raised some new jobs in AI era such as Algorithm Forensics Analyst
who knew Local Interpretable Model-Agnostic Explanations (LIME) method. They needed to explain why AI generated such
conclusion based on algorithm.
For
the role of Process Engineers, it employed Augmented-Reality-enabled (AR) for
technician’s workspace. That was process
change.
The
last role was Safe Guards, they should ensure the proper use of AI, and avoid
programming error. Therefore, context
designers were needed to have a overall (Big) figure.
Compliance
Role kept the Quality of AI such as AI Safety Engineers. Some risks were identified such as unintended
consequence analysis, ethics affairs, geographic discrimination, subtler
biases, etc.
At
the end, Dr. Mark Lee quoted Michael Porter’s foundation of a strategy as
conclusion that (i) building defenses against the competitive forces or (ii)
finding a position in the industry where the forces are weakest.
Reference:
ESG
facebook - https://www.facebook.com/groups/esg08
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