“Artificial Intelligence, the awe in bad negotiations, or the aw-shucks if used right.” -Greg Williams, The Master Negotiator & Body Language Expert (click to Tweet)
“Negotiation Artificial Intelligence
How To Help Avoid Its Awe”
People don’t realize they’re always negotiating.
In today’s environment, artificial intelligence is reshaping negotiation. And negotiators are awed by the fact that artificial intelligence (AI) can be the aid that gives an upper hand to the savvy negotiator that uses it right. But therein lies the challenge. When some negotiators use AI during negotiations, they rely on it incorrectly, overlooking the challenges it can present, leading to problems.
This article explores the challenges that negotiators face when using AI in negotiations and the potential pitfalls that may occur as a result. Continue, and you will discover how to overcome that and increase your negotiation outcomes using artificial intelligence.
The Challenges With Artificial Intelligence In Negotiation
As stated, artificial intelligence is increasingly popular with negotiators. It is a tool that can magnify a negotiator’s negotiation efforts. With its advanced algorithms and machine learning capabilities, AI has begun transforming how negotiators negotiate deals, resolve conflicts, and make decisions. However, relying solely on AI for negotiation assistance comes with challenges and pitfalls, which can lead to disastrous outcomes.
Overreliance On Artificial Intelligence In Negotiations
One of the most significant challenges that negotiators face when using AI in negotiations is the overuse of it. Some have begun relying 100 percent on it, having AI develop the strategy based on assumed counterpoints.
While AI can provide valuable insights and data, it should never replace human judgment and decision-making. Negotiators who rely too heavily on AI may miss critical information and fail to consider the emotional and interpersonal dynamics that often drive negotiations.
To overcome this dilemma, negotiators should seek a balance between using AI as a tool and relying on their own expertise and intuition. Intuition, the tingling of inner emotions, is integral to negotiations. Accordingly, negotiators must be willing to constantly evaluate AI’s effectiveness in negotiations and modify their strategy appropriately.
The Risk Of Artificial Intelligence Biases In Negotiations
Every negotiator enters into negotiations with their personal biases. Some may conflict with a particular negotiator attempting to gain an advantage through AI. Thus, another challenge with AI in talks is the risk of its biases.
AI systems are only as good as the data it uses, and if that data is biased or incomplete, the AI system may produce biased or incomplete results. That can lead to unfair or inequitable outcomes in negotiations.
To confront this challenge, negotiators must be aware of the potential for biases in AI systems and take steps to mitigate them. While it can become costly, that can include using diverse data sets, regularly monitoring and evaluating the AI system’s performance, and involving human experts to oversee and validate the AI’s decisions.
Lack Of Artificial Intelligence Transparency In Negotiations
AI systems can be complex, and it may be difficult for negotiators to understand how the system arrived at a particular decision or recommendation. Thus, negotiators should contemplate the degree of AI’s lack of transparency when pondering how they might use it in negotiations.
The lack of possible transparency should pause negotiators about the amount of credibility they place in the advice AI might offer. And they should be prepared to challenge the validity of any aspect of AI’s insights that they feel are questionable.
To avert being led blindly by AI, negotiators must prioritize transparency in their use of it in negotiations. That may include understanding the sources of data points from which AI makes decisions and why the developer chose those data points for inclusion. It might also be advantageous to know about omitted data points.
If negotiators know AI’s knowledge base, they will better understand and trust using AI as an assistant in negotiations. They will also be better protected from the maxim garbage in, garbage out.
Potential Artificial Intelligence Misuse In Negotiations
Since some AI negotiation assistants are programmed to address particular parameters, the potential for misuse is a real possibility. Depending on how someone programs it, AI can manipulate, deceive, or severely disadvantage the opposing negotiator. That can lead to a lack of trust and breakdowns, ultimately resulting in a failed negotiation.
To address this challenge, negotiators should use AI systems ethically and responsibly. They should ensure that creators designed AI systems to promote fair and equitable negotiations and that the use aligns with ethical and legal standards. Anything short of that could open a negotiator’s reputation to being less than trustworthy.
Lack Of Human Behavior In Artificial Intelligence And Complexities
Another major challenge for AI in negotiation is understanding complex human behavior. Humans display emotions, biases, and cultural differences that impact their negotiation behavior and decision-making abilities. It can be challenging for AI to understand and interpret those nuances accurately, especially regarding emitted body language signs.
And, in some situations where programmers have incorporated facial recognition into negotiation AI routines, the interpretation of expressions has been misinterpreted. That can lead to false information, limited by a lack of flexibility, and erroneous implementation of a negotiator’s strategies.
So, given your additional information about using artificial intelligence in negotiation, should you abandon it? No!
Artificial Intelligence is transforming the field of negotiation, offering valuable insights, data, and faster decision-making capabilities. However, it is not a substitute for human judgment and intuition.
Accordingly, negotiators must know the challenges and pitfalls of using artificial intelligence in negotiations and take steps to mitigate those risks. By doing so, they can use AI as a tool to enhance their negotiation skills and provide benefits to all participants of a negotiation. And everything will be right with the world.
Remember, you’re always negotiating!
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