Is Your Company AI-Ready?

AI is now at the forefront of technologies that enterprise companies are increasingly gravitating towards to stay ahead of the competition. Next Move Strategy Consulting reported that the market for AI is expected to reach $1.8 trillion by 2030—a compound annual growth rate (CAGR) of 32.9% from 2022 to 2030. Many enterprise companies have already adopted innovative AI solutions to facilitate their digital transformation, increase productivity, make data-driven decisions, and improve CX to see faster ROI.?

However, others have yet to adopt AI solutions, which can be detrimental if they want to future-proof their company. That’s why it’s important to know if your company is ready for an AI initiative.?

7 Steps Companies Should Take to Become AI Ready?

1. Identify All Key Data Points and Integrate Data – Consolidate all relevant data from different data points and all systems into a single, easily accessible data source to effectively train and retrain AI models.?
2. Define Primary AI Drivers and Business Objectives - Align specific business goals with the right KPIs to prioritize critical AI-powered opportunities that promise the most significant business benefits that increase revenue and improve CX.?
3. Evaluate Available Resources and Internal Capabilities – Identify any resource gaps through internal resource assessment to determine if AI implementation is even feasible.?
4. Create and Test an AI Pilot Project - Test the feasibility of specific AI solutions to gain valuable insights to scale successfully once these solutions are officially implemented.?
5. Establish Baseline Metrics for Success – Create vital reference points to best measure the success of any AI initiatives to quantify whether ROI meets your estimated goals.?
6. Scale Incrementally Before Larger Expansion – Adjust to any operational changes that result from AI adoption (like bottlenecks) to better expand the scope of any AI initiatives to a larger set of systems and departments.?
7. Continue to Update AI Capabilities – Stay competitive and keep AI technologies up to date to make the best data-driven decisions and foster collaboration across multiple operational departments.?

The Future of AI: What Lies Ahead??

AI is now at the forefront of innovation for enterprise companies that want to future-proof themselves. It’s paramount for companies to adapt and adopt this technology to increase productivity and revenue. ?

Get the full details from our Forbes piece to learn how strategic, goal-oriented AI adoption gives enterprises the best opportunity to maximize their potential.?

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