Is Your Organization Ready to Harness the Potential of AI?
For some organizations, harnessing artificial intelligence’s (AI’s) full potential begins tentatively with explorations of select enterprise opportunities and a few potential use cases. While testing the waters this way may deliver valuable insights, it likely won’t be enough to make your company a market maker.
To become a true AI-fueled organization, a company may need to fundamentally rethink the way humans and machines interact within working environments. Executives must consider how to deploy machine learning and other cognitive tools systematically across every core business process and enterprise operation to support data-driven decision-making. In the end, the whole company must be open to AI driving new offerings and business models.
These are not minor steps, but as AI technologies standardize rapidly across industries, becoming an AI-fueled organization will likely be more than a strategy for success—it could be table stakes for survival.
No two companies will adopt a technology trend in the same way. Every organization has its own goals, strengths, and weaknesses to ponder before it embarks on its own transformation journey. If you are unclear about what the AI-fueled trend offers—or requires of—your organization, ask yourself the following questions:
What business objective(s) can our organization achieve by deploying artificial intelligence?
Artificial intelligence may offer a wealth of benefits to your organization, but only when viewed through a strategic business lens rather than as an IT project, and only when brand rhetoric gives way to measurable results. Collaborate across functions to identify the enterprise’s main objectives, then align the AI strategy to achieve those outcomes. You may choose to pursue solutions that reduce costs, facilitate a leap in productivity, monitor compliance, reduce risk scenarios, or derive greater meaning from more data. The first step of the AI journey should be setting end goals, which will enable you to draw a much more detailed, actionable road map with clearly marked milestones.