Tackling the AI Hot Potato: Strategic Insights
In this episode, we dive into the concept of AI as a "hot potato" in business—what does that mean, and how can companies navigate the chaotic rush to adopt AI? Jeff shares valuable insights on avoiding common pitfalls and ensuring AI success. Don't miss out on this engaging and informative conversation!
Questions Jeff answers in this episode:
Can you define what you mean by the 'AI Hot Potato' in today's business context?
What are some common pitfalls businesses face when adopting AI without a strategic approach?
How can companies determine if they are ready to implement AI technologies effectively?
What role does leadership play in successfully navigating AI adoption?
Could you share examples of businesses successfully integrating AI into their operations?
What trends do you foresee in AI adoption, and how should businesses prepare for them?
Sources Referenced:
Gartner - Gartner Says CFOs Must Get Ahead of Four Enterprise AI Stalls, 2024: https://www.gartner.com/en/newsroom/press-releases/2024-05-20-gartner-says-cfos-must-address-four-enterprise-ai-stalls
MIT Technology Review & Microsoft - Taking AI to the Next Level in Manufacturing: https://info.microsoft.com/ww-landing-taking-ai-to-the-next-level-in-manufacturing.html?lcid=en-us
McKinsey & Company - The economic potential of generative AI: The next productivity frontier, 2023: https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier#introduction
Gartner - Predicts 30% of Generative AI Projects Will Be Abandoned After Proof of Concept By End of 2025, 2024: https://www.gartner.com/en/newsroom/press-releases/2024-07-29-gartner-predicts-30-percent-of-generative-ai-projects-will-be-abandoned-after-proof-of-concept-by-end-of-2025#:~:text=At%20least%2030%25%20of%20generative,%2C%20according%20to%20Gartner%2C%20Inc
Cisco - Cisco AI Readiness Index, 2023: https://www.cisco.com/c/m/en_us/solutions/ai/readiness-index.html
Avanade - AI Readiness Report, 2024: https://www.avanade.com/en/insights/generative-ai-readiness-report
Gartner - Don’t Rush to Appoint a Cheif AI Officer, 2024: https://www.gartner.com/en/articles/don-t-rush-to-appoint-a-chief-ai-officer?utm_term=1721391293&utm_campaign=SM_GB_YOY_GTR_SOC_SF1_SM-SWG-ART-CF&utm_source=linkedin&utm_medium=social&utm_content=Gartner
Micron Technologies - Case Study: Micron uses data and artificial intelligence to see, hear and feel: https://www.micron.com/about/blog/company/partners/micron-uses-data-and-artificial-intelligence-to-see-hear-feel
AWS - Georgia-Pacific Optimizes Processes, Saves Millions of Dollars Yearly Using AWS: https://aws.amazon.com/solutions/case-studies/georgia-pacific/
Forbes - What Georgia-Pacific Is Doing With Causal AI Is Remarkable, 2024: https://www.forbes.com/sites/stevebanker/2024/04/15/what-georgia-pacific-is-doing-with-causal-ai-is-remarkable/
