MIT CISR (MIT Center for Information Systems Research)

New MIT CISR research identified four stages of enterprise AI maturity, and found that financial performance improves with each stage. Most enterprises in the research were in the first two stages of AI maturity and had financial performance below industry average, while enterprises in stages three and four had financial performance well above industry average. MIT CISR researchers Peter Weill, Stephanie Woerner, and Ina Sebastian detail these findings in CISR's December 2024 research briefing, titled “Building Enterprise AI Maturity,” and explain how enterprises need to cumulatively build capabilities and learnings from AI as they move toward a future-ready state of AI use. The briefing also describes what enterprises focus on in each of the four stages, and pinpoints capabilities an enterprise needs as it progresses through the stages. #AI #EnterpriseAIMaturity #AIMaturityModel #AIFutureReady #DigitalTransformation

Organizations are distinguishing between two types of generative AI implementations: broadly applicable tools that boost personal productivity, and tailored solutions for specific purposes. Research from Nick van der Meulen and Barb Wixom identified challenges of each type and strategies to address them, as described in this article in Ideas Made to Matter from the MIT Sloan School of Management. #generativeAI #GenAI

Top-performing organizations in MIT CISR research attributed more than 5 times the revenues to data monetization compared to bottom-performing organizations. Barb Wixom, Cynthia Beath, and Ja-Nae Duane describe 3 high-performance factors that amplify data monetization impact, and illustrate them with a case study of Wolters Kluwer, in our November '24 research briefing. #datamonetization #expertsolutions #dataleadership #datavaluemanagement #datalifecyclemeasurement

Despite global challenges that have distracted organizations from their response to the climate emergency, sustainability is still high on the corporate agenda. Research by Ina Sebastian has found that sustainability requires its own digital transformation.  #sustainability #climate #digitaltransformation

Nick van der Meulen describes benefits and challenges of AI automation that allows employers to assess skills, potentially with greater accuracy than existing approaches. See more in his MIT CISR research briefing "Resolving Workforce Skills Gaps with AI-Powered Insights" at https://lnkd.in/eX4aXn49. #ai #talent #skills

IT leaders should embrace AI tools, such as copilots and assistants, to help employees get comfortable with more complex and impactful AI solutions, explain Nick van der Meulen and Barb Wixom of MIT CISR. #generativeAI #GenAI

All of MIT CISR is deeply saddened by the untimely passing this week of Gail Evans of Disney Experiences, an impactful technology leader and friend of MIT CISR. In 2023, MIT CISR Chairman Peter Weill interviewed Gail on how technology leaders spend their time. Watch the video: https://lnkd.in/eZeH7fA3.

MIT CISR is fortunate and proud to be part of a rich and exciting research environment like MIT. MIT faculty, scientists, and students do amazing research that yields fundamental knowledge and practical applications, and that research informs the work we do at CISR. We have also benefited from the leadership, support, and encouragement of the MIT Sloan School, including the deans and our colleagues in the IT group. We are grateful to the MIT community for the supportive environment and the sharing of ideas. And thank you to the companies and organizations that have been, and are currently, MIT CISR sponsors and patrons. Their support goes beyond funding our research to offering access, providing data, and agreeing to be case study examples—the stories that make MIT CISR frameworks come to life. Their leaders have a passion for the opportunities and challenges that IT, data, and digital create, and a willingness to share experiences and debate ideas. This helps us develop insights and understand best practices and it is an honor to be part of these conversations. This is the last entry in our series of MIT CISR 50 Facts for 50 Years. It has been a delight to compile these memories and milestones and to hear from the MIT CISR community about your enthusiasm for MIT CISR! Please stay in touch. See more about MIT at https://www.mit.edu See more about MIT Sloan School of Management at https://mitsloan.mit.edu View the list of our Consortium members at https://lnkd.in/ehV6uj_V Founded in 1974, MIT CISR is celebrating its 50th anniversary in 2024. To review other memories from the center's history, visit the 50 Facts from 50 Years page on MIT CISR's website at https://lnkd.in/eu7RdEes #MITCISR50th #MITCISR

When undertaking a sizable project, a large organization might consider partnering with a small company to leverage its greater agility. But such partnerships bring risks as well as benefits. Alan Thorogood and Stephanie Woerner work through the issues and share a case study from Bendigo Bank in their new article in European Business Review. #xtechs #bendigobank #innovation #partnerships #riskmanagement #transformation #agility