02 12 2024 at 15:00
“How will AI impact project delivery?“ What did I learn during the event, hosted by Oracle Belgium on November 7th?
During the first part of this event, Chidambara Ganapaiah explained how digital transformation leads to dynamic project management. He explained that Digital Transformation leads to huge changes, changes that are delivered through projects/programs/portfolios, hence the world is becoming “Projectized”.
Gartner states the following: “By 2030, 80 percent of the work of today’s project management (PM) discipline will be eliminated as artificial intelligence (AI) takes on traditional PM functions such as data collection, tracking and reporting”.
The key role of AI in project management is to add value in different stages of the project lifecycle. Thanks/Due to AI the project manager will shift away from administrative work. The project manager of the future will need to cultivate strong soft skills, leadership capabilities, strategic thinking, and business acumen.
If a machine can make all the decisions for project managers, is AI going to replace them? The shortest answer is – no. AI can optimize but not create. AI can work with humans but can’t work instead of them. AI can learn from past patterns but is helpless when it comes to novel situations. No matter how far technology evolves, you can rest assured that complex and creative jobs are safe. Creativity, social skills, leadership, stakeholder management, empathy, emotional intelligence and story telling are outside the realm of AI.
The project managers who succeed will likely be those who manage to see beyond the bounds of ‘human’ imagination, and answer questions about how this technology can add real value and drive positive change in project management and business transformations.
During the second part of the event “Building your AI foundation for business outcomes” Bart De Backer explained how we can build, enhance, and enrich applications with AI.
An enterprise AI model relies on 4 levels: infrastructure, data, AI Services and SaaS Applications. Close collaboration with partners, with AI expertise, is also part of the equation. Oracle is active in the field of AI since 2001. The Oracle autonomous database and OCI (Oracle Cloud Infrastructure) use AI technology. Generative AI is now embedded in the Fusion Apps and OCI. Some demos of AI services provided good insight in what added value AI can bring to the enterprise and to project managers.
Organizations can effectively mitigate the security and data quality risks associated with AI implementations, ensuring that AI systems operate reliably and securely while delivering accurate and trustworthy results.
AI is here to stay and grow! As PM’s we must embrace it.
Thank you to Oracle Belgium also for sharing the Presentation Slides (follow this link)
Francis Moeris
Former Oracle Employee
PMI Belgium - Professional development trainer (VDAB team)