Over the last three years, companies of all sizes and across all industries have invested billions of dollars in AI, Gen AI, and Agentic AI with little or no ROI and modest (if any) positive impact on creating increased business valuation.
In five days, we will reach the third anniversary of the launch of ChatGPT. During that time, there has been an explosion of innovative new AI products, services, and solutions that have far outstripped successful employee and end-user adoption and utilization. The following data documents the gap between the level of innovation and adoption
“The saying “you earn what you learn” emphasizes the connection between acquiring knowledge and skills and increasing one’s earning potential. It suggests that investing time and effort in learning, whether through formal education, on-the-job training, or personal development, can lead to greater opportunities and higher income.”
Too many companies’ GenAI & Agentic AI projects are driven by a fear of missing out (FOMO) and being left behind by their competitors who are adopting and deploying it in their markets. As I wrote in my January blog ( insert link ) fire-aim-ready is not a winning strategy for AI.
AI could potentially add $13 trillion to global economic activity by 2030, representing a 16% increase in cumulative GDP, according to Prysmian.
Companies spent over $2 trillion last year on digital transformation. A recent McKinsey research study found that only 12% of companies report achieving their transformation goals over the past three years. On average 43% of the financial benefits are lost during the latter stages of large-scale transformation efforts. Most transformation efforts made some tactical improvements to IT but did little to impact critical changes to the companies’ operating or business models.
What does success look like for your business in 2023? As companies embark on their 2023 plans, they are facing a multitude of challenges and a high level of uncertainty about the impact of financial, social, geopolitical, and technological disruptions…
As companies race to adopt new cloud computing technologies and systems to effectively compete as digital enterprises, they quickly discover that with new systems, applications and processes comes monumental new complexity.
The evolution of IT from a cost center to a profit center is at the core of successful business transformations. The wave of new digital technologies are the driving force of new product and service innovation that is redefining how companies engage with their customers, employees and other key stakeholders.
Most of you reading this blog are now fully immersed in your company’s annual planning and budgeting process for 2019. Unfortunately, many IT shops still go into this exercise with a defensive mindset that tries to avoid budget reductions rather than an offensive mindset that makes a compelling business case for new technology investments.
