Leveraging AI to drive innovation and growth in New Zealand's business landscape

The convergence of artificial intelligence (AI) and business has become a critical topic for companies seeking to unlock new opportunities while managing potential risks. Recently, a dinner event hosted by Kerridge and Partners brought together some of New Zealand's business leaders to hear Ben Reid, Technology Futurist at Memia.  share his insights. With a diverse audience of board members and Chairs representing leading organisations from both the public and private sector, the event highlighted the importance of finding equilibrium between risk and opportunity in leveraging AI in Aotearoa.

At the heart of the discussion, Ben engaged the audience with his vision of leveraging AI to drive innovation and growth in New Zealand's business landscape. With his extensive background in software development and strategic technology consulting, Ben emphasised the importance of collaboration among businesses, academia, and the government to foster a thriving AI ecosystem.

Throughout his presentation, Ben shed light on the delicate balance required when integrating AI into business operations, understanding the risks associated with AI implementation and the steps required to mitigate them effectively.

Ben highlighted the significance of adopting ethical AI practices. Companies must ensure that AI algorithms are unbiased, transparent, and respect privacy concerns. With the growing demand for accountable AI solutions and the need for responsible AI frameworks and governance to build trust among customers and stakeholders.

Discussions revolved around identifying specific AI use cases relevant to New Zealand's larger companies. Attendees recognised the transformative power of AI in sectors such as construction, finance, and insurance.

Ben’s presentation at the dinner event showcased the immense potential AI holds for New Zealand's leading companies while emphasising the need to balance risks and opportunities. The valuable insights from guests highlighted the collective commitment to responsible AI adoption. As New Zealand's business landscape evolves, the integration of AI with ethical frameworks will drive innovation, competitiveness, and sustainable growth for these industry giants.

Asher Lewis