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Winning your AI journey - tune out the noise and tune in to the music!
Winning your AI journey - tune out the noise and tune in to the music!

July 16, 2021

AI

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It is an acknowledged fact that data and Artificial Intelligence (AI) are pivotal levers of digital transformation, which can boost the competitiveness of businesses. But in what is an emerging trend, data and AI now have a new stakeholder in the organisation - the CEO. The cloud makes it possible for enterprises to scale and embed a data-driven approach into every business process. As a result, AI can enable the kind of value generation that CEOs are interested in – not incremental but transformative value. 

Besides the proven business benefits of a data-driven approach, there is one more dimension that is crucial to the CEO agenda. Responsible business is taking centre stage in board rooms and the need to mitigate risks for clients, employees and society is a top priority. This approach extends to how organisations innovate with AI. The responsible use of AI translates to building and deploying AI in an ethical framework that ensures that it is applied fairly and consistently, and in a manner that empowers and engenders trust, and allows companies to scale AI with confidence.

As per an Accenture survey over 84% C-suite executives believe they won’t achieve their growth objectives unless they scale AI. And yet 76% of the executives said that they struggle with how to scale AI across the business.

So, how does an organisation go about realising this significant opportunity? I see ‘the way’ led by five key elements – AI strategy, deployment, talent, the ‘right’ data, and governance. Click to know how the exemplars – the companies that have successfully leveraged data and AI - have managed each of these elements.


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