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Home » Archives for November 2017

Archives for November 2017

Artificial Intelligence and the future of humankind

November 16, 2017

3 minutes

“Danger, Will Robinson!”

Yesterday I attended an informative and fascinating talk by Kaila Colbin, a Curator at SingalarityU about how technology is impacting and likely to impact society.  The talk was facilitated by law firm, Anthony Harper.

She talked about how advances in technology were growing exponentially and that, the way humans are wired, makes us prone to underestimating the pace of change.

Advances in Artificial Intelligence (AI) meant that sentience wasn’t that far away.

Go is a board game that is much more complex than chess.  Only a year ago, an AI program beat the world’s best human Go champion 4-1.  A year later its successor has beaten the old program.

AI-enabled image recognition programs are better than human pathologists at recognizing cancer cells.

Law firms were already putting AI bots into play, carrying out the day to day research previously provided by Bots.

Already robots were turning out to be more economical than human labour resulting in mass lay-offs.

It’s clear, AI enabled technology can conceivably replace humans.  Disturbing.

The societal questions these raise are fundamental.  What will humans do instead?  Can we trust AI-enabled tech to do the right thing?

At the talk, Geoff Cranko of Strategy Creative asked about what advances had their been in adapting law to meet these new technological challenges.

I found his question thought provoking, particularly in respect of Artificial Intelligence.

Law is just an expression of ethics and so it is developments in our ethical thinking in respect of AI that needs to progress. Then all we need do is bake this ethical system into the AI.

Azimov’s Three Laws of Robotics is one step in this journey of ethical development. On the other hand, as AI fast approaches sentience, perhaps we need not re-invent anything: the 10 Commandments might prove to be timeless, after all.

 

 

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Filed Under: Opinion Tagged With: Ethics, Strategy, Technology

Executive compensation: “at risk” should really be “at risk”

November 3, 2017

Quick read

I was involved in a discussion about Executive Compensation the other day.

We were discussing how a base salary covered meeting the budget sales and profitability targets.  Then bonus targets were set above the budget targets. 

The bonus would be awarded on a pro rata basis depending on how much progress had been made on meeting the bonus targets.

Get half way to meeting the bonus targets after reaching the budget targets, and the executive gets half the bonus. 

There was some doubt about the structure because the bonus targets couldn’t be reached with 100% certainty.

And that’s how it’s meant to be.

If achieving the bonus targets was 100% certain, then the budget targets have been set too low.

The idea of bonus targets is to create a “stretch” objective, which will require going the extra mile and thinking outside the box to achieve.

Bonus targets that are too easy to reach, mean that the bonus or “at risk” components of the compensation package are in fact components of the base salary package in disguise.

“At risk” components of an executive compensation package should really be “at risk.”

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Filed Under: Opinion Tagged With: Management, Remuneration

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