A double-edged sword
Such caution is understandable. GenAI offers transformational opportunities: it can deliver a myriad of gains in productivity, creativity and innovation. But there are also real concerns. The mechanics of GenAI are yet to be fully understood and there is still a significant possibility of bias and error.
These are dilemmas that IMD is grappling with. In the education domain, GenAI is already supporting richer and broader experiences for learners through hyper-personalization and interactivity. But to lean into this latest tech frontier without due care and attention would be irresponsible.
The reality is that GenAI excels at some tasks but not others. Areas where it outperforms include content generation, data analysis and pattern recognition, simulation and modelling, personalization, automation, and translation. There is the potential to innovate, enhance research and development, and to solve complex problems.
By contrast, GenAI often struggles to understand context, nuance, and ambiguous questions. It lacks emotional intelligence and empathy, and cannot be relied upon to adhere to commonly agreed ethical and moral standards.
In the worst cases, GenAI “hallucinates” – generating responses that are wrong, invented or even nonsensical. It is also crucial to be aware of the risk of bias, particularly given the way that most GenAI models are trained. There have been many examples of GenAI showing gender, race, ethnicity, and socio-economic bias. Confirmation bias is also a common problem, and many models appear to over-emphasize recent trends and events at the expense of long-term context.
IMD’s approach to harnessing the undoubted potential of GenAI has been to proceed carefully. We have sought to move forward in four carefully considered steps, a framework that would work effectively for many other organizations.