Crafting a value-boosting AI strategy for your business

Crafting a value-boosting AI strategy for your business

Suddenly intrigued by the potential of Generative AI (GenAI), executives are eager to incorporate it into their business operations. However, to fully leverage its benefits while minimizing risks, a well-rounded and practical AI strategy is essential.

To create a successful GenAI strategy, focus on the following key elements and utilize the GenAI planning workbook to:

• Establish clear GenAI goals, benefits, and success metrics
• Align your GenAI vision with tangible business outcomes
• Identify and address potential AI-related risks
• Prioritize GenAI projects based on strategic importance

Research from Gartner indicates that organizations where the AI team actively participates in defining success metrics are 50% more likely to strategically implement AI. When selecting metrics, input from various stakeholders such as data managers, business analysts, domain experts, risk management professionals, data scientists, and IT leaders is crucial.

Link to article: https://www.gartner.com/en/articles/how-your-ceo-is-thinking-about-ai