Posts tagged with #ai-strategy align your AI initiatives with strategic business objectives through frameworks that enable both immediate gains and sustained competitive advantage.
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.
As organisations adopt artificial intelligence (AI) more widely, a critical challenge emerges: how do you build and manage teams capable of delivering on AI’s promise of increased productivity, enhanced customer experiences, accelerated innovation, and sustainable competitive advantage?
Over the past year, I’ve been asked regularly what the best way of selecting a Large Language Model (LLM) is. With over 146 LLMs listed in Ollama’s model library alone, selecting the right model has become increasingly complex. While ChatGPT dominates headlines, businesses must look beyond hype to match the right model to their specific needs. Choosing the right LLM isn’t just a technical decision—it directly impacts your organisation’s ability to drive innovation and achieve its strategic goals, making collaboration between technical and non-technical teams essential to ensure that both business needs and operational constraints are fully understood.
While here in San Francisco for a business trip, I got the opportunity to spend time with technology innovators and leaders, and what struck me was the contrast in AI adoption approaches, and openness to transformation using AI compared to my experiences in Europe. A new benchmark report from Gallup has confirmed what many of us in technology leadership have long suspected: Europe’s lag in AI adoption isn’t a matter of insufficient capital – it’s a cultural challenge that runs deep.
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.
Earlier this week, I got the opportunity to speak at our Amazon Web Services (AWS) office in London, to an audience of Private Equity firms and their portfolio company executives about driving value creation through AI and data. The presentation focused on how Private Equity firms and their portfolio companies can drive value creation through AI and data. I also took the opportunity to introduce a new concept called the AI Stages of Adoption (AISA), which is designed to help organisations assess their maturity and readiness for AI adoption.