Nitin Rakesh is the CEO and Managing Director of Mphasis and coauthor of the award-winning book 'Transformation in Times of Crisis.' Read Nitin Rakesh's full executive profile here.
“What you need is a challenge network. I think of a challenge network as the group of your most thoughtful critics who are able to hold up a mirror so that you can see your blind spots and then know what you need to rethink.” —Yet because of the pressures and expectations that come with the role, it can often get “lonely at the top.” Positions of power can become echo chambers.
Although most CEOs have access to other senior leaders who are also in the know about most tactical business processes, many times it is the CEO who has to make a quick decision, based on data, insight and intuition. Often enough, CEOs are left to their own devices to address diverse challenges.Any talk of innovation or creativity these days always brings up the new kid on the block: generative AI .
Similarly, when it comes to the sheer volumes of information and data points that CEOs are expected to understand, using GenAI can help them derive what is important and also provide them with actionable insights. The technology’s ability to summarize complex information without insider bias and generate creative solutions based on a CEO’s specific goals can give these C-suite leaders the “challenge network” they need.
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