Tagged with: #ai-implementation

Building on my previous thoughts about why traditional business cases fail for AI investments, this article explores what I consider to be the essential building blocks for a more effective evaluation approach. This foundation provides boards with the tools to assess AI’s unique value creation patterns while maintaining financial discipline - helping leaders confidently navigate investment decisions that conventional models simply cannot adequately evaluate.

In my previous article, Transforming the Board: Using Decision Analytics for Strategic Advantage, I introduced the concept of AI-powered decision analytics as a transformative approach to board decision-making. I explored how these capabilities can help directors move beyond traditional backward-looking metrics to embrace predictive indicators that model potential futures and enhance strategic decision-making.

The EU AI Act, which came into force on August 1, 2024, establishes significant penalties for non-compliance, including fines of up to €35 million or 7% of global annual turnover for serious violations. As regulatory frameworks for artificial intelligence rapidly evolve worldwide, Boards face a new imperative: navigating complex compliance requirements while maintaining the innovation speed necessary to compete.

In my previous articles about the AI Stages of Adoption and the Five Pillars of AI maturity and capability, I briefly touched on the role of the AI Centre of Excellence (AI CoE). Since publishing those pieces, I’ve spoken with numerous Boards and business leaders about AI adoption and the importance of board-level AI governance. A recurring question emerges in almost every conversation: “What are the practical steps to establishing an AI CoE in our business?”

In my previous article on the AI Stages of Adoption (AISA), I outlined how organisations progress through their AI journey—from Experimenting to Adopting, Optimising, Transforming, and ultimately Scaling. Since publishing that piece, many readers have asked the same follow‐up question: “How do we know when we’re truly ready to move from one stage to the next?”

In June of 2024, I introduced the concept of the AI Stages of Adoption (AISA), a framework for understanding where organisations are in their AI journey. Since then, I’ve had countless conversations with business leaders about how this framework helps them navigate their transformation. Today, I want to share a deeper perspective on AISA and how you can use it to accelerate your organisation’s AI adoption.

The rapid advancement of artificial intelligence is fundamentally changing the velocity of business decision-making and how organisations operate, compete, and create value. With AI, boards are moving from overseeing hundreds of decisions made per day to millions made per second - and they must be confident that each of those decisions is transparent, explainable, and correct.

In the wake of the meteoric rise of generative AI, it’s easy to get swept up in the hype and believe that this single branch of artificial intelligence (AI) is the whole story. Platforms like ChatGPT have undeniably captured the public imagination, marking the first mass consumerisation of AI technology. However, focusing solely on generative AI risks overshadowing the diverse and equally transformative types of AI that have been quietly but powerfully driving business innovation.

I had an incredible afternoon as a guest lecturer at the The London School of Economics and Political Science (LSE) where I got to discuss harnessing AI for organisational transformation led from the Board, at this summer’s Data Science for Executives class.

Last night I had the pleasure of speaking at the Chief Wine Officer event hosted by AWS at London’s National Portrait Gallery. The focus was on demystifying generative AI and helping business leaders understand how to harness its potential for real organisational transformation.