Session 19-D
Overcoming the Challenges of AI Value Creation
This topic is very critical for all Chief Data Officers and their direct leaders. While the interest in AI remains substantial due to its anticipated influence on value creation in the coming decade, many organizations struggle to realize it. According to PWC, the potential contribution of AI to the global economy could reach $15.7 trillion by 2030, McKinsey has estimated an annual global impact of AI of $13 trillion, however, 60-80% of AI projects are failing according to different news sources, analysts, and experts. In this session, we will outline best practices for leveraging AI to create substantial value by addressing the inherent challenges associated with this technology. Moreover, we will explore strategies for effectively integrating this unique technology into an enterprise, aligning it with the overarching goals of strategy, operations, and organizational culture. The successful realization of business outcomes and value generation through AI hinges on recognizing human limitations and harnessing the full potential of AI to surpass human capabilities. During the talk, we will underscore the critical importance of reaching the last milestone and crossing the finish line in any AI initiative. The discussion will be engaging and interactive, providing attendees with valuable insights into the pivotal aspects of AI implementation.
Speakers
Michael Proksch
Chief Scientist, AccelerED
Rodolfo Luzardo
Principal, ZS Associates
