Artificial Intelligence: Ready to Ride the Waves?
Question: can you scale #AI at your organization?
Of course, the answer is yesssssssss, assuming you want your company to survive and gain competitive advantage.
@Boston Consulting Group (BCG) has a great read on this: “Artificial Intelligence: Ready to Ride the Wave” as part of its Executive Perspectives series, a tsunami of trends, charts, lists and insight helpingC-suite executives better understand AI as a must-have technology investment.
Scaling AI matters, even more so because most companies fail at it. According to BCG’s report, only 11% of companies have found value in AI.
Why aren’t companies taking AI beyond the pilot?
The answer is a bit complicated. AI, meant to mimic human behavior, must also work with humans to scale. This crossroad is where the magic happens.
If you’re not sure where to start, consider an executive briefing and playbook. Lean on big data. Look at every part of your company AI can transform, from managing talent to areas of regulation and ESG.
Now the entire C-suite is in the picture.
Here are some ideas to get started:
领英推荐
++ Optimization to reduce opex
++ Personalization to increase revenue
++ Automation to reduce cost-to-serve
++ Predictive operations and maintenance for cost savings?
Think of AI as business transformation beyond technology tied to strategy. What would you do if you implemented a new ERP system or migrated to a new product category? You would plan, implement, test and scale.
For every executive who acts holistically in designing and deploying AI solutions, there is another executive who takes small steps to build up capabilities. Whichever camp you live in, stay at the top of your game by staying current with the landscape, opportunities, and pitfalls.
One surprising recommendation from @BCG’s report is to find inspiration from #digitalnatives who embrace change, keeping them agile and ready to reimagine business processes (score one for the kids!). It always comes down to people enabling, changing, adopting and thriving. These are things digital natives are?very good at.
How will you harness the power of AI in your organization?
Coaching employees and brands to be unstoppable on social media | Employee Advocacy Futurist | Career Coach | Speaker
2 年Insightful read Helen Yu. I like that it outlines the ingredients and emphasis on each of the core parts to consider. Too often we dive in and skip steps, building off of a rocky foundation is not the way to invest for a sustainable future.
I think vendors need to help organizations understand some of the basic use cases and low hanging fruit where they can get started with AI. Education is really important.
Top 5 Retail Banking Influencer, Global Speaker, Podcast Host and Co-Publisher at The Financial Brand
2 年Thank you for sharing.
Thank you so much for sharing great information. I am waiting for your next post
independent researcher, specialized in energytech market forecast analysis,energy storagetech, Hydrogen H2, decarbonization, energyinnovation, information management,energy materials research.
2 年Thank you for your extraordinary shared Helen Yu