Britcham AI for Business Leaders – Opportunities and Challenges - August 16th - Shanghai

Britcham AI for Business Leaders – Opportunities and Challenges - August 16th - Shanghai

Business leaders should embrace AI’s transformative power to shape innovative business models and processes by focusing on human-centred AI to realise results and impacts.

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Introduction

Artificial Intelligence (AI) is changing the face of work, our economies, and society (McKinsey 2024). Businesses worldwide are embracing AI’s transformative power, reshaping how they operate and innovate (The Conference Board 2024). To regulate the rapid advance of AI and to protect the interests of stakeholders, the EU Council has approved the world’s first AI Act – stating comprehensive rules surrounding artificial intelligence technology (European Parliament News 2024).

Last year, Goldman Sachs Research predicted that generative AI could boost GDP and raise labour productivity growth over the coming decade (Goldman Sachs 2024). A lot of executives can see the economic potential of generative AI. Yet even those who see benefits report a lack of knowledge about AI, concerns about privacy and security, and concerns about over-investing in an early version of the technology. According to business surveys, very few CEOs expect AI to significantly impact their business over the next one to three years. Most executives expect a significant impact over the three-to-10-year horizon (Goldman Sachs 2024).

AI is a double-edged sword. On one hand, using AI can exponentially improve effectiveness and efficiency. However, on the other hand, it can bring risks to privacy, integrity, the economy, and humanity (The Conference Board 2024).

This hybrid event – “AI for Business Leaders – Opportunities and Challenges” – aims to shed light on the following:

• A quick overview of the evolution & revolution of the AI landscape.
• Applications of AI in different contexts, i.e. banking, education, and SMEs, to boost performance, productivity, and innovation.
• Survey results reflecting on views from customers and stakeholders.
• Innovative business models with Generative AI.
• Digital transformation and the key levers driving AI in organisations: strategy, governance, architecture, and culture.

Following the presentations, there will be a panel discussion. We will delve into key considerations below:

• The balance of opportunities and challenges for Artificial Intelligence, which is undergoing an exponential period of advance (Goodall, The Conversation 2024).
• Co-ordination of a “healthy ecosystem” to encourage talent, technology, private and public sectors cum societal participation.
• Strategic insights business leaders need to drive innovation and plan their next moves, from business, organisational, and cultural perspectives, to unleash the next level of human potential.
• Ways forward to ensure that Artificial Intelligence is inspired by people, created by people, and most importantly has an impact on people – forming human and AI double helix (Fei Fei Li cited in Goodall, The conversation 2024).

Agenda

5:30pm-6:00pm: RSVP and Networking

6:00pm-6:05pm: Opening Remark by Professor Jon Garibaldi, Pro-Vice-Chancellor and Provost, University of Nottingham Ningbo China & Head of the Intelligent Modelling and Analysis (IMA) Research Group & Founding Director, Intelligent Modelling and Analysis Research Group; Topic: The rapid advancement of artificial intelligence presents opportunities and challenges

6:05pm-7:05pm: Keynote Speech

• Philip McManus, Chair, I&T Committee, BritCham HK & Director, Business Innovation, NTT Com Asia; Topic: Sustainable AI: Addressing the Intangible Costs of Innovation
• Jonathan Voo, Member, I&T Committee, BritCham HK & Senior Manager of Innovation – Asia, Mayer & Brown; Topic: What the legal team of the future will look like?
• Stéphane Monsallier, Founder / CEO, System-In-Motion; Topic: Innovative Business Models with Generative AI
• Dr Haider Ali, Senior Lecturer in Marketing, Director of Microcredentials and Short Courses, Faculty of Business & Law, The Open University UK; Topic: The Development and Application of an LLM for an Organisation’s Internal Use
• Dr Cecilia Tsui, Founder Chair, Chartered Management Institute HK & Member, I&T Committee, BritCham HK & BritCham Shanghai; Topic: Applications of AI in Banking and SME Sectors

7:05pm-8:00pm: Panel discussion, Q&A

8:00pm-8:30pm: Networking

BritCham Shanghai serves the right to alter the above agenda at any time.

Don’t miss out on this unique opportunity!