Oliver Taylor’s Post

CEO’s Guide to Maximizing Value Potential from AI in 2024! I. The time to act on AI is now 1. The maturity of AI brought us to an exciting moment, where Generative AI is complementing Predictive AI, and going well beyond the hype in delivering superior value for organizations  2. AI mature companies (~10%) are also the first to scale GenAI, further widening the gap vs. peers AI technology is also evolving rapidly, from mature value sources ready to scale at the present time to exciting innovations on the horizon  3. Companies are embarking on AI transformation journeys; setting ambitious targets both in top line and bottom line II. Strategic Plays 1. Deploy Utilizes off-the-shelf tools to boost workforce productivity by 10-15%, improve employee satisfaction, and generate excitement for broader AI change in the organization 2. Reshape Allows for re-imagination of functions through workflow re-engineering, to drive 30-50% improvements in efficiency, effectiveness across affected functions 3. Invent Leverages AI to expand revenue streams and "invent before getting disrupted" by introducing new offers, services, and experiences to the market III. Executing Successfully 1. To successfully deploy AI at scale and convert it into business impact, organizations need strong foundational capabilities (e.g., talent, technological infrastructure, etc.) and a 10-20-70 approach in terms of level of emphasis anchoring on algorithms (10%), tech & data (20%), and people & processes (70%) 2. Long-term competitive advantage will come from data, talent, and culture; the time to act is now, otherwise, organizations risk being left behind Check out the Executive Perspective by Boston Consulting Group (BCG) here: https://lnkd.in/dnU6cCfH #innovation #ai #genai #strategy #tech #talent

To make generative AI succeed, foster a culture of knowledge sharing across silos and move beyond ego-driven thinking. Leaders must invest in AI with a long-term vision, seeing it not just as a quick win, but as a transformative force for the entire business.

Digital Transformation is Reshaping the Landscape Digital transformation is reshaping the business landscape, and artificial intelligence (AI) plays a pivotal role in its evolution. Objex, a leading provider of AI consulting services, empowers organizations to unlock the transformative power of AI and drive unprecedented growth. AI-Powered Digital Transformation: A Catalyst for Innovation: Objex's team of AI experts enables businesses to reimagine their industries by leveraging the transformative potential of AI. Through tailored AI consulting services, we help organizations: - Optimize operations with predictive analytics and automated decision-making. - Enhance customer experiences with personalized recommendations. - Develop innovative products and services. The Value of AI Consulting: Empowering Data-Driven Decisions: Our AI consulting services provide businesses with the expertise and guidance they need to make informed decisions about AI adoption. We assess current capabilities, identify potential use cases, and develop comprehensive AI strategies that align with organizational goals. By leveraging our deep industry knowledge and subject matter expertise, we empower clients to maximize the return on their AI investments. Join the Digital Transformation Revolution with Objex: Objex is at the forefront of digital transformation, helping businesses unlock the full potential of AI. Our services empower organizations to: Embrace a data-driven approach to decision-making. Gain a competitive edge through disruptive AI solutions. Future-proof their operations in an increasingly digital world. Contact us today to schedule a complimentary consultation and discover how Objex can help your organization transform through the transformative power of AI. Transform with Objex #objex #DigitalTransformation #Future

How to Calculate the Value of AI in Your Business? When implementing AI, it's important to quantify its value to determine if it's truly making an impact. Here's a simple framework to help you calculate AI value: 1. Benchmark Performance & Cost: Start by identifying your current benchmark – the performance of your existing processes and the cost associated with them. This gives you the baseline against which you'll measure AI's potential. 2. AI Performance & Cost Savings: Next, assess your AI tool’s projected performance. Ideally, it should deliver better results at a lower cost. The difference between AI performance and benchmark performance represents your potential cost savings. 3. Adoption Multiplier: While AI may have immense potential, the reality is that not all opportunities will be fully realized. This is where the adoption multiplier comes in. It reflects the percentage of the opportunity that's actually being realized, taking into account adoption challenges, integration complexities, and operational adjustments. 4. Actualized AI Value: Finally, multiply your potential cost savings by the adoption multiplier. This is your Actualized AI value – the real, measurable impact AI has on your business. This is one of many ways to cut through the AI hype and focus on delivering tangible value to your organization. Remember, potential AI value means nothing unless it's actualized. Data science teams often function as cost centers, so proving real, measurable impact is crucial for long-term success. Always start with data, evaluate potential, and ensure it translates into concrete results. #AIValue #DataScience #AICostSavings #BusinessOptimization #Innovation

The ROI of AI Here are IDC numbers that show the impact that AI is having on the bottom line. Let me also add some perspective that we are seeing with our customers at Spearhead. 1. Investment Returns: Companies investing in AI are getting real ROI. On average, for every dollar spent on AI, there's a $3.5 return. And a noteworthy 5% of organizations are even seeing returns increase to $8. Comments: We are seeing productivity gains that translate into real ROI. When our customers implement something (relatively) simpler like a Co-Pilot, their resource productivity improves by 10% to 35%. However, the productivity and ROI are much higher with custom AI that is developed for their specific use case and private data. 2. Deployment Speed: The pace of AI integration is accelerating, with 92% of AI deployments being completed in a year or less. This rapid adoption suggests a growing confidence in AI solutions across industries. Comments: This seems on point, as most of MVP deployment timelines for simple use cases range from 3 months to 6 months. 3. Fast Track Implementations: Not only is AI deployment swift, but 40% of organizations reported implementation times of less than six months. This reflects an impressive agility in operationalizing AI technologies. Comments: Agreed with a caveat that figuring out where to apply Gen AI takes time for business discovery and use case identification. The implementation is faster from that point forward. 4. Rapid ROI Realization: The commitment to AI is paying off quicker than one might expect. Organizations are seeing returns on their AI investments within an average of just 14 months post-deployment. Comments: There is a wider range on this one. In some use cases like customer service, the return is much faster since the agent productivity kicks in early in the process. Overall: we agree with the assessment that based on early observations, we can project that AI is creating ROI and tangible results. However, we are still early in terms of quantifying the real impact. When organizations adopt AI by effectively integrate AI into their workflow and operations, that is when the real measurement of value will take place. It is possible that we not only achieve the productivity projections but there would be an upside due to continuous improvement of AI models and cost decrease of AI technology. What are your thoughts on the ROI of AI? #ArtificialIntelligence #ROI #IDCReport #TechTrends #FutureOfWork #AIInvestments #aiproductivity

🌟 Are you ready to ignite your business’s AI potential? 🌟 With 72% of companies now using AI for at least one business function, staying on the side-lines isn’t an option. But harnessing AI’s true power goes beyond mere adoption—it requires a roadmap that aligns AI with your unique business goals, improves everyday operations, and supports your team effectively. That's where the Huble SPARK AI Framework steps in. Our structured, five-step approach makes AI accessible, actionable, and impactful: 🔍 SURVEY – We start by thoroughly reviewing your current AI landscape, assessing infrastructure, data, and existing processes. 📊 PLAN – Using insights from the survey, we partner with you to develop an AI strategy that aligns with your business goals. 🚀 ACTIVATE – In the activation phase, we work together to implement your chosen AI solutions. 💼 REALISE – To support adoption, we prioritise change management, offering practical training to help your teams embrace AI technologies. 🔄 KEEP IMPROVING – After implementation, our involvement continues with performance monitoring and ongoing support. Whether it’s driving smarter decisions, enhancing customer service, or optimizing your operations, SPARK AI framework can help your organization achieve measurable results with confidence. Start your AI transformation today and join the movement of businesses igniting the future with AI. Discover SPARK AI: https://lnkd.in/dFyUAMMT #AI #SPARKAI #DigitalTransformation #BusinessGrowth #AIConsultancy #SeekEvolution

Exciting News! 🚀 We are thrilled to announce the launch of Unlocking Technology! Are you ready to transform your business with the power of AI? Let’s embark on this journey together. At Unlocking Technology, we believe in the transformative potential of AI. Our mission is to help mid-tier Australian businesses streamline operations, enhance efficiency, and drive profitability through bespoke AI solutions. What sets us apart? Our team of experts specialises in crafting AI strategies that align perfectly with your business needs. From predictive analytics to automation, we are here to unlock your business's full potential. Our Services: 👣 Predictive Analytics: Empowering you to make informed decisions with data-driven insights. 🦾 Automation Solutions: Boosting productivity by automating repetitive tasks. 💻 Custom AI Development: Creating AI tools tailored specifically to your business. We pride ourselves on our client-centric approach. Our solutions are not just about technology; they are about empowering your business to thrive in a competitive market. Connect with us today to discover how AI can revolutionise your business. Follow our page for insights, success stories, and the latest in AI innovation. Let's unlock your business's potential together! #UnlockingTechnology #AI #Innovation #BusinessTransformation #AIforBusiness

🪦 AI Without Adaptability is Useless! 🪦 Hey everyone! As we delve deeper into the AI revolution, three key needs are reshaping how businesses stay competitive: adaptable AI features, tools for specific tasks, and centralized AI hubs. Here’s how AI can revolutionize your business operations. 🎯 Custom AI Development: Meet Basalt 🪨.ai, co-founded by Alexis d'Eudeville, pioneering in tailoring AI to specific business challenges. They excel in allowing businesses to craft AI features fast and that aligns perfectly with your company’s goals—boosting efficiency and ROI. 🔍 AI Tools for Every Need: Whether it’s Jasper.ai enhancing your marketing or Perplexity.ai transforming how you access information, selecting the right AI tool is crucial. I’ve even curated a library of 150+ AI tools for various needs, ensuring there’s something for every business. 🌐 The Power of AI Hubs: Imagine a platform where you can mix and match AI models to suit different departmental needs—this is the future of business efficiency. With the ability to adapt AI to your internal data and operations, businesses like yours can gain a significant edge. 🔥 Why It Matters: Centralizing AI functionalities into hubs allows for seamless collaboration among AI agents, enhancing everything from customer experience to strategic decision-making. This setup not only streamlines operations but also fosters innovation. Ready to harness the power of AI and transform your business? 🔗 Read the full article here : https://bit.ly/3MGK2Zi What do you expect from AI in your field? Share your thoughts! ⤵️ #AI #BusinessTransformation #Innovation #AIIntegration #OperationalEfficiency #AIForBusiness #TechTrends #FutureOfWork #AdaptiveAI #AIHub #AI #AIforBusiness

The latest research shows that the majority of CIOs are planning to increase their investment in AI in 2024, highlighting the growing importance of AI in driving business success. However, creating a cohesive AI strategy can be challenging for many organizations, with only 40% having a defined AI strategy in place. To address this challenge, a portfolio approach to AI can be highly effective. By combining different AI tools and solutions, organizations can unify their efforts across the enterprise and tailor AI applications to meet unique business needs. From embedded AI features in existing platforms to retrieval-augmented generation (RAG) and stream-trigger augmented generation (STAG) AI tools, each type of AI plays a crucial role in enhancing business capabilities. RAG tools allow employees to make dynamic queries against data libraries, while STAG systems monitor fixed queries against streaming data, enabling proactive decision-making. By incorporating a diverse range of AI tools into their portfolio, organizations can ensure consistency across applications, break down silos, and drive innovation through new capabilities. A well-balanced AI portfolio can help organizations reduce costs, streamline governance, and accelerate AI application development. By continuously processing real-time data streams and leveraging various AI solutions, businesses can stay ahead of the curve and drive competitive differentiation in today's rapidly evolving digital landscape. Are you ready to optimize your AI strategy and unlock the full potential of AI for your organization? Click the link for the ability to build and deploy the right tool for your business. https://lnkd.in/ed5qYiZP #AI #DigitalTransformation #Innovation #BusinessStrategy #ArtificialIntelligence #kamalgood #stkinternationalgroup

Data-driven decisions: How can AI empower smarter businesses? Today's marketplace demands agility and forward-thinking leadership. Through my professional journey, I've witnessed firsthand the transformative power of Artificial Intelligence (AI). It’s a present-day reality driving intelligent decision-making across industries. AI's true potential lies not just in automating tasks, but in augmenting human capabilities. Our continuously learning and evolving AI algorithms empower teams to achieve what was once considered extraordinary. We leverage AI's inherent adaptability to address our specific business needs. This ensures we remain at the forefront of innovation, fueled by data-driven decision-making with unparalleled foresight. This translates to a significant competitive edge in today's dynamic environment. The accessibility of AI is a game-changer. Contrary to popular belief, AI isn't reserved for tech giants. Businesses of all sizes can harness its power to extract valuable insights from data, automate repetitive tasks, and create hyper-personalized customer experiences. This is a powerful tool, but its true value lies in strategic application. We've implemented AI solutions to address real-world challenges and generate meaningful impact. At our company, we are relentlessly committed to pushing boundaries. We embrace AI not just for efficiency gains, but for its transformative potential to make businesses smarter, faster, and more impactful.  Follow us on GIGA IT and drive business transformation with AI insights. #AI #machinelearning #technology #innovation #datadriven