Avoiding AI failure: How to drive real business value with AI

Source: CIO Magazine

Research indicates that 95% of AI projects fail, largely due to data management issues. Organizations often find that data is siloed, leading to poor AI outcomes. Experts emphasize the necessity for accurate and managed data governance. Without clear data access, AI tools may generate misleading or ineffective results, emphasizing the importance of data quality in driving business value in AI applications.

Successful AI implementation focuses on solving real business problems rather than merely chasing technological advancements. Engaging business partners to define goals and maintain data quality is essential. Eliminate the ‘cool tech’ mindset by ensuring AI initiatives connect to measurable outcomes. Leadership is crucial; organizations should appoint a dedicated AI champion to align the AI vision with the strategic goals. An example of successful implementation is ElasticGPT, which integrates seamlessly into existing employee workflows, significantly improving productivity and user satisfaction.

Emphasizing change management helps organizations adapt to evolving AI technologies. Initial challenges during deployment are common, and organizations must adjust quickly, adopting structured frameworks to integrate AI effectively. Success is demonstrated through improved data access and user-centric design, as seen with ElasticGPT saving 63 hours per employee annually.

👉 Pročitaj original: CIO Magazine