Do You Need A Strategic Pivot To Get AI Right?

28th August 2024

Do You Need A Strategic Pivot To Get AI Right?

Partha Gopalakrishnan authored an article for Forbes Business Council, sharing his recommendations on how organisations can strategically pivot to become ‘AI-first’.

In an article written for Forbes Business Council, Partha urged boards and c-suite executives to set a vision for AI transformation and outline a concrete strategy to fulfil it, before implementing any new technology. This involves companies thinking through what they need AI to do, evaluating internal capabilities and calculating the total cost of ownership.

He stated that companies need to ensure that they link their AI initiatives to their business goals, to ensure the AI transformation adds value. He advised that companies should establish how they can use AI to fuel a growth agenda, stay ahead of market conditions, and support employees in their roles. To ensure buy in from employees and stakeholders, he urged companies to recognise the importance of change management in the planning.

He also advised that companies create an “AI Principles and Policy” document to provide teams with guardrails for the safe, effective and ethical development of AI applications and models.

For the full article, follow this link.

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