What do you think is the biggest misconception about AI in business today?

Relative to what I do, quite a bit and growing. I do share some of my thoughts on AI's limits in one of my Substack posts on Executive Decisions. Another point I share privately is people can exploit AI and why it's imperative that people in my industry know this. Big consequences are coming for those who aren't aware of this. This is only from what I do. People with deep experience in their areas will know many misconceptions too.

AI can definitely help businesses in a lot of ways, but yeah, the biggest misconception is that it can just replace humans entirely. In reality, AI is more of a powerful assistant to augment and enhance what humans do. It's great for automating repetitive tasks, generating ideas, and providing insights. But at the end of the day, humans are still needed to apply judgment, consider ethics, manage the AI, and handle complex situations. The most successful businesses will figure out how to leverage AI alongside human talent, not as a replacement for it.