Artificial Intelligence constitutes significant scientific and technological progress that can generate considerable business benefits. At the same time, Big Data can be considered to enable companies to obtain “selective” insights: extracting the smart side of data while avoiding the false negative or false positive side. Thus, it is key for business leaders to understand the basic tenets of AI and data science to collaborate objectively to solve concrete problems in business. Developing a critical understanding of all facets of Artificial Intelligence and its applications is vital to understand the ways in which it can be applied to effect changes in business functions, legal issues and supply chains that are not to the detriment of societal needs.