By: Martin Dewhurst and Paul Willmott.
Directors in McKinsey’s London office
The expression “GIGO,” is an acronym for “Garbage In/Garbage Out.” This acronym and phrase were invented in the 1960’s when the IBM 360 was becoming more mainstream. In a nutshell, it means that if you feed bad data into a computer, the results you could expect would also be less-than-optimal.
With AI becoming more mainstream these days, the resulting action by the C-Suite is similar – the daily work will change. More soft skills will be required, because someone still has to ask the right questions up front of the right people who will in turn feed the Big Data and algorithms the right information. This will produce results that make the organization more effective.
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