Yesterday on CNBC a Wall Street Analyst said current share prices are justified by AI productivity gains! 🤔 I thought, "Where's the data?" Less than 1% of companies have done anything meaningful with AI yet. Most are just dipping their toes in the water. 👣 There's a long way to go before AI transforms business productivity at scale! More companies need to thoughtfully implement and measure AI pilots before claiming magical results. 🧙♂️ What do you think - is AI really driving valuations or is this banker getting ahead of herself? Let me know in the comments! #CNBC #AIROI #AI #BusinessTransformation #AIBusinessTransformation
🤔 𝗧𝗵𝗲 𝗘𝗹𝘂𝘀𝗶𝘃𝗲 𝗥𝗢𝗜 𝗼𝗳 𝗔𝗜: 𝗪𝗵𝘆 𝗔𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘁𝘂𝗿𝗻𝘀 𝗦𝗼 𝗛𝗮𝗿𝗱 𝘁𝗼 𝗙𝗶𝗻𝗱? 🤔 Despite all the buzz around AI, many companies are struggling to see a clear return on investment from their initiatives. The promise and potential are massive, but the path to realizing tangible financial gains has plenty of pitfalls. So why isn't AI translating into dollars and cents for more organizations? 𝑯𝒆𝒓𝒆 𝒂𝒓𝒆 𝒂 𝒇𝒆𝒘 𝒌𝒆𝒚 𝒓𝒆𝒂𝒔𝒐𝒏𝒔*: ✹ Sky-High Hype: The nonstop hype around AI leads to investments that don't align with business needs. The tech promises the world, but doesn't always fit the problem. ✹ Integration Insanity: Integrating AI into legacy systems turns out to be way more complex than anticipated. More costs, more delays. ✹ Talent Desert: There simply aren't enough skilled professionals out there to implement AI solutions effectively. That know-how is in hot demand. ✹ Dirty Data: Garbage in, garbage out. Poor quality data limits what AI can do. You need rich, relevant data to see results. The bottom line? AI has phenomenal potential, but executing in a way that boosts the bottom line takes focus. You need strategic alignment, talent investment, and quality data. The returns are out there, but you've got to build the bridge to reach them. 👥 𝑌𝑜𝑢𝑟 𝑇ℎ𝑜𝑢𝑔ℎ𝑡𝑠? 👥 What's been your experience with AI and ROI? Share your insights and let's keep the conversation going! #AI #MachineLearning #DeepLearning #ROI #Datadriven #BusinessStrategy #FutureOfWork #Innovation #Strategy #DataScience --------------------- * Details of how businesses can be ready for AI in my upcoming book "AI Unleashed: Harness the Power of AI to Transform Your Business." (https://lnkd.in/gMCCvhR7)
Great point Reddy Mallidi we may be in for another round of reflections on the Solow paradox