Wednesday, November 24, 2021

g-f(2)678 THE BIG PICTURE OF THE DIGITAL AGE (11/24/2021), MIT SMR, Critical Success Factors for Achieving ROI From AI Initiatives


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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital age, Artificial Intelligence, Achieving ROI (11/24/2021)  g-f(2)426 


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Critical Success Factors for Achieving ROI From AI Initiatives


      • Investment in enterprise AI is accelerating, yet studies show that many AI projects fail to deliver real value to the business. The ability to increase value depends on a number of factors, including how enterprises approach talent, culture, and decision-making. 
      • In today's session, researchers, Tom Davenport, and Laks Srinivasan, will present the key factors leading to a meaningful return on AI investments. They'll help you understand how to determine the appropriate level of AI ambition for your company. And they'll share examples of some successful AI journeys.
      • Watch this session and learn:
        • The three D’s (decisions) and the three C’s (catalysts) that research shows are most critical for AI projects.
        • When culture matters more than technology in AI implementation.
        • How to determine what the appropriate level of AI ambition is for your company.
        • What senior leaders from a variety of industries report from their successful AI journeys.


      Genioux knowledge fact condensed as an image


      Critical Success Factors for Achieving ROI From AI Initiatives





      References


      Critical Success Factors for Achieving ROI From AI Initiatives, November 22, 2021, MITSMR, YouTube channel.


      WEBINAR, Critical Success Factors for Achieving ROI From AI Initiatives, Thomas H. Davenport, Laks Srinivasan, and Abbie Lundberg, November 22, 2021, MIT Sloan Management Review, MIT SMR.



      ABOUT THE AUTHORS


      I'm Abbie Lundberg, editor in chief of MIT Sloan Management Review. And I'll be your moderator. Today's program is sponsored by Five9.

      Tom Davenport (@tdav) is a President's Distinguished Professor of Information Technology and Management at Babson College. He's also a fellow at the MIT Initiative on the Digital Economy, a visiting professor at Oxford's Said Business School and Chairman of The return on AI Institute.

      Laks Srinivasan is a co-founder of the Return on AI Institute. He's a data and analytics executive with more than 15 years of experience in management, entrepreneurship and innovation. 

      Tom and Laks are coauthors of the newly released research study, "Maximizing Return from AI initiatives." They'll share some of those findings with you in this session, and they'll be making a more detailed version of that available to you after this event.



      Another key references


      g-f(2)406 THE BIG PICTURE OF BUSINESS ARTIFICIAL INTELLIGENCE (8/3/2021), MIT SMR, Achieving Return on AI Projects

      g-f(2)468 THE BIG PICTURE OF THE DIGITAL AGE (9/2/2021), MIT SMR, Portrait of an AI Leader: Piyush Gupta of DBS Bank

      g-f(2)262 The Big Picture of Business Artificial Intelligence (5/5/2021), MIT SMR, Embracing AI When Your Industry Is in Flux.

      g-f(2)297 The big picture of the digital age (5/27/2021), MIT SMR, How to Establish an Automation Center of Excellence.

      g-f(2)178 THE BIG PICTURE OF BUSINESS ARTIFICIAL INTELLIGENCE (3/24/2021), MIT SMR, How HR Leaders Are Preparing for the AI-Enabled Workforce.

      g-f(2)4 Companies need to identify the type of talent they need in order to become data-driven

      g-f(2)28 Latest Golden Knowledge Containers at MIT SMR, 7/12/2020



      Extra-condensed knowledge


      Opportunity 

      The Big Picture of Business Artificial Intelligence (3/3/2021) in a Single “g-f KBP” Chart, geniouxfacts



      The “genioux facts” Knowledge Big Picture (g-f KBP) graphic


      • Most of the AI deployed today, while novel and impressive, still falls under a category of “specialized AI.”
      • Artificial general intelligence (AGI), the idea of a truly artificial human-like brain, remains a topic of deep research interest but a goal that experts agree is far in the future.
      • The ability to adapt to entirely novel situations is still an enormous challenge for AI and robotics, a key reason for companies’ continued reliance on human workers for a variety of tasks.
      • From a work perspective, these technologies tend to be task oriented, that is they execute limited sets of tasks, more than the full set of activities comprising an occupation.

                g-f(2)153 The Big Picture of Business Artificial Intelligence (3/3/2021) in a Single “g-f KBP” Chart. This "genioux fact" is a knowledge block made up of 10 blocks of “genioux fact". 
                1. g-f(2)82 THE BIG PICTURE OF THE DIGITAL AGE, MIT TASK FORCE ON THE WORK OF THE FUTURE, AI Today, and the General Intelligence of Work.
                2. g-f(2)65 THE BIG PICTURE OF THE DIGITAL AGE: IDC, Worldwide Spending on Artificial Intelligence Is Expected to Double in Four Years, Reaching $110 Billion in 2024
                3. g-f(1)10 Companies obtain significant financial benefits from AI when the strategic focus is organizational learning, not just machine learning
                4. g-f(1)21 Successful Digital Transformation Projects at Repsol: Continuous Learning with AI
                5. g-f(2)111 THE BIG PICTURE OF THE DIGITAL AGE, HBR, Why Is It So Hard to Become a Data-Driven Company?
                6. g-f(2)132 THE BIG PICTURE OF THE DIGITAL AGE, MIT SMR, Progress Toward the Intelligent Enterprise.
                7. g-f(2)93 THE BIG PICTURE OF THE DIGITAL AGE, Forbes, Understanding The Value Of Artificial Intelligence Solutions In Your Business.
                8. g-f(2)34 MIT SMR: Why Chief Data Officers (CDO) Must Assume Leadership for Data Success
                9. g-f(2)4 Companies need to identify the type of talent they need in order to become data-driven
                10. g-f(2)136 THE BIG PICTURE OF THE DIGITAL AGE, Forbes, 10 Ways AI And Machine Learning Are Improving Marketing In 2021.



                  Condensed knowledge




                  Opportunity 

                  AI in Its Current State Is Already Wonderful, geniouxfacts



                  Some relevant characteristics of this "genioux fact"

                  • Category 2: The Big Picture of the Digital Age
                  • [genioux fact deduced or extracted from MIT SMR]
                  • This is a “genioux fact fast solution.”
                  • Tag Opportunities those travelling at high speed on GKPath
                  • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
                  • Type of validity of the "genioux fact". 

                    • Inherited from sources + Supported by the knowledge of one or more experts.


                  References


                  “genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)678, Fernando Machuca, November 23, 2021, blog.geniouxfacts.com, geniouxfacts.com, Genioux.com Corporation.


                  ABOUT THE AUTHORS


                  PhD with awarded honors in computer science in France

                  Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts". The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.




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