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Mark Leiter
Chief Digital Strategy Officer at Boeing | Board Member | Jazz Musician
Mark Leiter is a seasoned expert in helping global business-to-business (B2B) corporations optimize their performance through strategic counsel.
With a rich background in consulting, executive leadership, and board memberships, he has influenced over 150 organizations including Fortune 500 corporations.
As the former Chief Digital Strategy Officer at Boeing, Mark focused on leveraging digital strategies to drive productivity and creativity across the enterprise.
Previously, he held top-tier positions at Nielsen Holdings, where he played a pivotal role in the company's IPO, S&P 500 inclusion, and a significant rise in enterprise value.
Having contributed to renowned consultancy firms like Bain, McKinsey, and Cap Gemini Ernst & Young (CGEY), Mark possesses a wealth of experience in advising CEOs and senior executives.
He co-founded McKinsey's B2B Marketing and Branding practices and played leadership roles in strategy, transformation, and marketing at CGEY.
Beyond his corporate roles, Mark is actively involved in strategic think tanks like The Conference Board and serves on the board of organizations like InMoment.
A proficient author, he has shared his strategic insights in publications like Business Strategy Review and the McKinsey Quarterly.
Mark's impressive educational background includes a Master's degree from Harvard University and a Bachelor's degree from the State University of New York at Albany.
Highlights
We will know within five years if I am right or wrong in this assertion:
▶️ AI is not driving a bubble* in the traditional sense of the concept.
Instead, I predict we are witnessing a huge transition in AI akin to the shift from basic mobile phones to smartphones circa 2007.
That seminal shift set in motion $Trillions to build out high speed wireless networks around the world to activate mobile smart devices that are now woven into the fabric of our lives.
However, you wouldn't recognize this analogy from recent articles that are now questioning massive AI infrastructure investments.
It is equally surprising that Wall Street analysts are implying AI is "new" in this article from The Washington Post (and elsewhere).
In fact, AI has been around for decades in service of making decisions.
For example, AI enables search engines, GPS navigation, fraud detection, automated trading, autonomous vehicles, and social media feeds (AI decided if you saw my LinkedIn post!).
What’s truly new? The recent rise of advanced Conversational AI plus Generative AI capability.
Taken together, AI continuously scaling in all variations requires more chips, more data storage, more electricity consumption, etc.
Now, are big technology companies as well as VC and PE firms over- or under-investing in this next era of AI innovation? I do not know…
…but recent AI advancements are impressive, and I anticipate that we are closer than most imagine to far more powerful AI capabilities—which in turn will drive the next wave of economic value creation.
It is a bubble? I do not think so based on where I believe AI is headed in the coming years, but we shall see.
Stay tuned!
- An economic “bubble” is traditionally a period in time when current asset prices irrationally exceed their intrinsic valuation.
[Link to article in comments]
#AI #Innovation #Infrastructure
Boeing is not new to #AI. For example, Artificial Intelligence capabilities enable:
• Autonomous air and space flight • Satellites circling our planet • Advanced military weapons • Digital design tools • Factory automation • Image diagnostics • Cybersecurity systems • Enterprise solutions that enhance employee creativity and productivity.
Against this backdrop, I was excited to deliver the opening keynote at our inaugural Boeing AI Summit this week. My remarks reflected how our Corporate, Digital, and Artificial Intelligence strategies are connected.
Our 3-day AI summit convened over 3,500 colleagues—joining in-person or virtually—who are passionate about our AI innovation agenda.
Our Boeing Conversational AI (BcAI) platform was a featured highlight. Launched in Q4 2023 and co-created with Microsoft and McKinsey & Company’s Digital practice, BcAI provides our 170,000 employees access to a scalable Generative AI thought partner that safely handles proprietary and confidential data.
In just a matter of months our employees collectively completed their first 1,500,000 prompts on BcAI—with adoption and usage growing each week!
This is just one of many new AI-enabled products that build upon decades of innovation in the use of intelligent software to drive value.
Kudos to the Boeing leaders driving our AI capabilities, with a big shout out to Abhi Seth and Vishwajeet Uddanwadiker for respectively leading our global Enterprise AI and Engineering AI technology investments—and designing this fantastic summit.
A special note of appreciation to our amazing global AI expert community! Our worldwide team has a rich history to leverage coupled with an exciting future of possibilities.
Full speed ahead!
