Heidrick & Struggles' Insights on Artificial Intelligence
What AI could mean for talent across the C-suite
In this article, we present insights on where and how generative and other forms of AI will impact organizational functions, businesses, and industries and how leaders should consider these impacts as they plan for the future.
"On International Women in Engineering Day, engineers highlight the need for IT diversity" (June 2023)
"In cases where teams are building and designing advanced technology such as AI systems, diverse teams are mission critical. If teams lack diversity when designing training data, it can result in an underrepresentation of a particular group. But it’s also about the diversity of the teams that are developing and evaluating the models, just so that they can make sure that those models are representative of multiple perspectives and experiences.”
Brittany Gregory, engagement manager, AI, Data & Analytics Practice
“Boards lack AI expertise as adoption plans advance” (October 2023)
CIO Dive reported on the exclusive Heidrick & Struggles' 2023 Europe and US Data, Analytics, and Artificial Intelligence Executive Organization and Compensation Survey.
“Many executives are comfortable with the level of expertise in data and analytics, but once you cross over into AI and ML, that’s where you get the big drop off in relevancy, deep expertise and knowledge.”
Ryan Bulkoski, partner and global leader, AI, Data & Analytics Practice
"$400k graduate salaries and gun-for-hire ‘SWAT teams' — inside the wild AI talent market of 2023” (November 2023)
“[Tech and AI scale start-ups] are the ones who are going to be more proactive in the recruitment of that talent coming out of university with a PhD or a master's in AI, because they can plug that talent into their ecosystem far easier.”
Sam Burman, global managing partner, Specialty Practices
“Data and AI are becoming increasingly important management components” (November 2023)
“Dutch organizations put more and more emphasis on AI and Data, but it still rarely reaches the leadership team. Unfortunately, this leads to AI and machine learning being mainly discussed on a tactical instead of a strategic level.”
Camilla Reventlow, partner, Technology & Services Practice
“Artificial intelligence will not take the place of the CEO” (August 2023)
“AI will increase knowledge and information, which will improve decision-making. AI is a tool, not a solution in itself. It's not going to replace the person, it's going to make the data grow... For the manager, it's a matter of building a collaboration with AI to create the best potential for the benefit of the company.”
Marie-Hélène De Coster, partner, Healthcare & Life Sciences Practice
“AI and tech-enabled talent can be a potent force in UAE real estate” (September 2023)
“The pressure to deliver fast returns is constant and the need to experiment with new business models can’t be overlooked… [but] this pressure can create a precarious comfort zone that inhibits real estate leaders’ longer-term perspective and puts their ability to keep up with global innovations and best practices at risk. While some organizations are willing to make big bets on technology with the goal of staying at the forefront of innovation, others downplay its relevance against the unchanging fundamentals of real estate.”
James Raley, principal, Financial Services Practice
“Securing generative AI: what you need to do” (August 2023)
“It is crucial to find solutions that satisfy businesses’ needs in a safe environment. This requires implementing local instances of AI tools, to ensure that the data given to the AI stays within a controlled environment.”
Mike Assin, principal, Heidrick Consulting
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