Winning AI strategy with Executives

Analysing top performers reveals the strong trajectory with AI for growth.
Establish a centre of excellence

 Implementing successful AI initiatives requires a multi-role team that

can bring the required technical skills and be business savvy to projects.
 The size and number of the teams required depends on the organization and
the scope of its AI initiatives.
 Executives should adjust the number of teams and their composition as
projects emerge.

Set business priorities and identify opportunities

 Enterprise executives should identify the business processes where AI can
add value.
 Ensure that those processes are already in good shape, determine the
potential returns that AI could deliver in each area.
 Designate three to five areas with the highest potential returns as top
priorities.
 Executives could develop a use case ladder.
 Successful organizations also find ways to support AI initiatives that don't
just solve existing challenges but capitalize on the technology in its many
forms -- machine learning, deep learning, natural language processing,
robotics and automation software -- to enter new markets, create new
products and services, and drive economic growth.

Select and commit to a limited number of projects

 Executives must select several promising AI projects and commit to
delivering minimally viable projects -- not just pilots or proofs of concept.

Assign executive-level project sponsors

Determine and fill any skills gaps
Define how AI fits into your business strategy
Deal with your data
Plan for adequate resources
Address security, privacy, regulations, legalities, ethics
Establish parameters for acceptable AI performance

AI adoption is highest within the product- or service-development and

service-operations functions.

 The survey findings show that some companies using AI are seeing that
value accrue to the enterprise level.
 22% of respondents say that more than 5% of their organizations’
enterprise-wide EBIT in 2019 was attributable to their use of AI, with
48% reporting less than 5%.

Revenue increases from AI adoption this year are more commonly

reported in half of business functions, but cost decreases are less common.
 Companies seeing the highest bottom-line impact from AI exhibit overall
organizational strength and engage in a clear set of core best practices

 Better overall leadership

 Better overall performance
 Resource commitment to AI
 Results are visible for business adopting AI