A recent study shows that 54% of #MiddleEast CEOs have expressed a strategic vision towards a holistic, company-wide AI deployment, while 96% of global CEOS have already deployed AI in some form. It’s exciting to see how the Middle East is embracing key technological trends when it comes to AI adoption at the top level of the organization. Out of my conversations with business leaders in the region over the past months, here are some common characteristics I identified in those cases where CEOs were successful in their AI adoption: 1- They start with defining what the enterprise wants to achieve: They then ensure those goals are tightly coupled with strategy, and defining what specifically needs to change to make that vision a reality – and how AI fits in this model. 2- They develop the knowledge about the risks and exposures the organization will face on this journey: This includes privacy, accuracy, explainability, and bias. They then build the tools and processes to correctly identify, quantify, or manage these inherent risks. 3- They understand that success depends on experimentation and iteration: This challenges CEOs to rethink the operating model to promote cross organization understanding of generative AI, streamline the deployment process, and ensure that business benefits are realized. I believe we are at an infliction point for the role of the CEO in organizations today. This role has always had the toughest challenges, as well as the biggest opportunities, land at its desk for action. Today, generative AI is proving to be one such huge opportunity. How CEOs choose to adopt AI may be one of these defining moments for many organizations in the region to help them capitalize on their competitive advantages and improve the way they do business.
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As CEOs scale their #GenerativeAI initiatives, how can they win the hearts and minds of all stakeholders? A new Deloitte report examines the three roles the #CEO must play to successfully scale #GenAI initiatives. One recommendation is setting up centers of excellence (CoEs) that bring a cross-functional group of #AI experts and stakeholders together to focus on organizational efforts, governance, and adoption. Consider adding the #CXO to this group to bring the voice of the customer and the employee to the table, along with the skills needed to take a human-centered design approach to AI adoption. As an example, many employees are fearful of AI transformation and express concern about what their jobs will look like and how their skills will need to evolve. Experience leaders can play a pivotal role in helping CEOs to “establish a culture of AI fluency and innovation and champion a clear purpose for AI adoption, as a matter or supercharging humans (not replacing them).” Learn more about the three roles CEOs need to play to scale generative AI in a new article with insights from Benjamin Finzi, Nitin Mittal, Bill Briggs, Anh Phillips, and Deborshi Dutt. https://lnkd.in/etTdv-c8
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#functional domain knowledge to become hand holder of AI
As CEOs scale their #GenerativeAI initiatives, how can they win the hearts and minds of all stakeholders? A new Deloitte report examines the three roles the #CEO must play to successfully scale #GenAI initiatives. One recommendation is setting up centers of excellence (CoEs) that bring a cross-functional group of #AI experts and stakeholders together to focus on organizational efforts, governance, and adoption. Consider adding the #CXO to this group to bring the voice of the customer and the employee to the table, along with the skills needed to take a human-centered design approach to AI adoption. As an example, many employees are fearful of AI transformation and express concern about what their jobs will look like and how their skills will need to evolve. Experience leaders can play a pivotal role in helping CEOs to “establish a culture of AI fluency and innovation and champion a clear purpose for AI adoption, as a matter or supercharging humans (not replacing them).” Learn more about the three roles CEOs need to play to scale generative AI in a new article with insights from Benjamin Finzi, Nitin Mittal, Bill Briggs, Anh Phillips, and Deborshi Dutt. https://lnkd.in/etTdv-c8
A CEO's guide to scaling the Generative AI Enterprise | Deloitte US
www2.deloitte.com
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Is Europe ready for AI? 🤔 Reading through Gallup’s Culture of AI Benchmark Report, a few points caught my attention that highlight why Europe seems to lag behind other regions when it comes to AI adoption: 1️⃣ Employee Enthusiasm: Only 37% of employees in Europe express high interest in AI, compared to over 50% in other regions. Why is there such a stark difference in excitement? 2️⃣ Leadership Challenges: Seven in ten leaders admit their employees aren’t prepared to work with AI. Many leaders themselves struggle to engage with AI or even act as blockers, lacking the time or skills to embrace it. 3️⃣ Communication Gaps: A lack of clear AI strategies creates confusion and fear. One leader in the report shared: “We have not communicated a strategy on AI yet. Skills are not ready here. We don’t know what it means. People are scared.” 4️⃣ Practical Use Cases: While AI’s potential is widely recognized, there’s often a gap between this recognition and its practical applications. Leaders are still figuring out how to align AI investments with business goals. This is a challenge. It’s not about resources or regulations alone—culture, skills, and communication seem to be the real hurdles. What do you think? Is Europe’s cautious approach an opportunity to build AI adoption more responsibly, or are we falling too far behind to catch up? Share your thoughts in the comments.
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Regardless of industry or market size of the companies that Assetive is working with, businesses are increasingly recognizing the transformative potential of AI. However, many are grappling with how to effectively integrate AI into their strategic planning, operations, and commercial endeavors. National Center for the Middle Market's recent findings offer valuable insights into the mindset of mid-market leaders on this critical topic. As evidenced by this quote, "Adoption of AI by middle market companies continues to be slow and cautious. The rate of adoption has increased from 30% to 36% in a year, not exactly a sprint of fast following but more of a lag. Questions remain about appropriate business use. One leader made a great observation about where to start – find repeatable tasks that people don’t like to do and start there." Seems like underutilization. We are here to help, feel free to reach out if you would like to discuss. https://lnkd.in/eDAxnUxU #strategy #operations #implementation #venture #growth #technology #middlemarkets #AI #management
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Organizations have been facing disruptive change for as long as new ideas and new methods for doing things have been in existence. Some of these disruptive changes have wrought positive outcomes whereas others have been catastrophic. Today, CEOs and executives are looking at AI tools, including generative AI, with huge expectations for how these tools can best be used by the business. Some are testing the waters while others are investing heavily into their use. All of them are driven by great expectations and looking for signs that the endeavors are well worth the investments that they have both made and are expected to make. What complicates the decisions is that AI tools are not like other automation tools: Will this tool make more widgets per hour? Will this tool cut expenses? Should this tool be left on autopilot? Will it turn straw into gold? These tools may present a different way of thinking, looking at problems, and solving problems. In many ways, organizations are really on a mission to explore how to use these tools in an ethical way. To find these answers may entail empowering people throughout an organization to take the lead into exploring what these tools can do for the organization and safely. CXOTalk host Michael Krigsman talks with guest, Kurt Strovink, who is a Senior\. Partner with McKinsey & Company about “CEO Guidance for Enterprise AI.” This Friday, 6 September 2024, [video] interview streaming LIVE at 1 pm EDST / 10 am PDST. What role should CEOs and Boards have regarding AI strategy and implementation AI strategy and how does AI strategy and implementation change the dynamics between CEOs and Boards? Join us! https://lnkd.in/eX7fQGVM #CEO #AI #GenerativeAI #Leadership
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AI investments are accelerating, and I believe the real key is finding balance – combining custom AI solutions with off-the-shelf technologies. Upskilling teams and implementing responsible AI frameworks are critical to ensure long-term success. This is where we can unlock sustainable growth and stay ahead of the curve. #AI #DigitalTransformation #FutureOfWork #Leadership
Enterprise AI adoption key to corporate growth
ey.com
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85% of CEOs Believe AI Will Significantly Transform Their Business by 2025 The future of business is here, and it's powered by AI! 🤖 According to a recent study, a staggering 85% of CEOs believe that artificial intelligence will significantly transform their operations by 2025. That's a game-changing statistic that every leader needs to pay attention to. The rapid advancements in AI technology are poised to revolutionize how we work, make decisions, and serve our customers. From automating mundane tasks to generating predictive insights, the potential of AI is endless. Forward-thinking organizations are already leveraging these capabilities to gain a competitive edge and future-proof their businesses. What's even more impressive is that the same study found that 79% of CEOs are already implementing AI strategies within their companies. 🤯 The early adopters are reaping the rewards, while those who wait risk falling behind. The time to embrace AI is now. How is your organization preparing for this transformative shift? I'd love to hear your thoughts! 💭 Like this post to join the conversation. #AITransformation #FutureOfWork #BusinessGrowth
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Are your employees ready to jump onto the AI Bandwagon? Hesitancy to adopt AI in the workplace can be framed on a continuum of two dimensions: willingness and skill. Some workers may be keen, but lack training, while others may have the necessary abilities, but may need some convincing to join the party. What can you do to ensure all employees are both keen and have the necessary skills? Firstly, clarify narratives around AI. Remove the perceived threat and identify how AI can make things easier / more effective. Show workers what it is, how it works, and why they should use it. Once you’ve got past the initial explanations, start upskilling, and reward engagement and innovation — this will incentivise others to follow suit, and soon enough you’ll have your whole team on board. #AI #digitaltransformation #leadership
Driving buy-in: How CIOs get hesitant workforces to adopt AI
cio.com
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🚀 Where’s the Value in AI? 🚀 Despite all the buzz around artificial intelligence (AI), only 4% of companies are creating substantial value with it, according to new research by BCG. If you're wondering how to move beyond pilots and proofs of concept to drive real impact, this is the playbook you've been waiting for. Here’s what sets AI leaders apart: 🎯 Big Ambitions, Bigger Targets: Leaders aim for transformational outcomes—think billions in cost savings and revenue growth. 🤝 People & Processes First: It’s not just about the tech; leaders prioritize workforce enablement and reimagining processes. 📈 Focused Investments: Instead of spreading resources thin, leaders invest strategically in high-priority opportunities. ⚡ GenAI Ready: From content creation to qualitative reasoning, leaders are leveraging generative AI to innovate faster. 📊 The Results? AI leaders are delivering: 45% more cost reduction than others. 60% higher revenue growth. A 2x higher ROI on AI initiatives. 🏆 How You Can Join the 4%? BCG outlines a 7-step playbook to shift your AI trajectory: 1 - Set a bold strategic commitment from the top. 2 - Maximize the potential value of AI with initiatives that include streamlining everyday business processes, transforming entire business functions, and developing new offerings. 3 - Implement one to three high-value, easy-to-implement initiatives to fund the journey. 4 - Ensure that the minimal viable infrastructure required for these initiatives exists. 5 - Perform an AI maturity assessment to baseline current critical capability gaps versus peers. 6 - Ensure that implementation governance focuses on people and processes over technology and algorithms. 7 - Set up guardrails to deploy AI responsibly. Source: "Where’s the Value in AI?", BCG, October 2024 👉 Let’s discuss: What’s your biggest challenge in scaling AI for impact? #AI #generativeAI #bcg #marcelointech #artificialintelligence
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Although leaders recognize #ai's potential and benefits, their uncertainty reflects a gap in their company’s readiness to fully integrate AI. Bridging this gap requires making concerted efforts in workforce training, fostering an AI-friendly #culture, and developing #strategies for AI integration. A transformation program needs to encompass not only technical upskilling, but also the ability to leverage AI tools for #strategicplanning, decision-making, and creativity. It is vital to foster an #organizationalculture that views AI as a collaborator rather than a competitor. This involves encouraging a #mindset where AI is seen as a tool that augments human abilities, freeing up time for more high-value tasks. The rise of AI in business is imminent and unstoppable. After all, AI promises immense potential for business #growth, for efficiency, and for innovation. But it's essential to remember that AI and humans are not competitors in this new world. Instead, they are important collaborators. Humans will continue to play an indispensable role in the workplace, applying their unique cognitive abilities to leverage AI's capabilities. As businesses navigate their journey towards AI integration, they should focus on developing comprehensive strategies that involve AI integration, workforce upskilling, and creating an AI-friendly culture. Together, humans and AI can redefine the future of work, ensuring success in the AI-driven world. https://lnkd.in/e6ZiaUiA
Humans Still Wanted: The Future of Work in an AI-Driven World
kornferry.com
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