How to stop AI project failure! | CXOTalk

Artificial intelligence holds immense promise, but why do so many AI projects fail? In Episode 840 of CXOTalk, we uncover the common pitfalls that plague AI implementations and explore practical strategies for achieving real-world success.
Our guest, Sol Rashidi, author of "Your AI Survival Guide" and seasoned technology executive (Sony Music, Estée Lauder), shares invaluable insights from her extensive experience leading data and analytics initiatives.
This episode is a must-watch for business and technology leaders seeking to navigate the complexities of AI.
We discuss critical factors that determine AI success, including:
-- Establishing a Clear AI Strategy: Defining your organization's AI ambition (AI-centric or embedded workflows) to guide resource allocation and overall direction.
-- Considering Projects’ Criticality and Complexity: Prioritizing projects based on strategic importance and feasibility, rather than just potential business value, to avoid "pilot purgatory."
-- Engaging Leadership and Managing Change: Securing top-down support to overcome resistance and fostering a culture that embraces AI's transformative potential.
-- Leveraging Existing Data Investments: Maximizing the use of existing data assets to uncover new insights and accelerate AI solution deployment.
-- Avoiding the “Shiny Object” Syndrome: Ensuring AI solutions align with specific business needs and starting small to test viability before scaling up.
Critical Takeaways:
-- Rethink Use-Case Selection: Sol challenges traditional selection criteria, advocating for a criticality and complexity-focused approach to maximize successful deployment and scaling.
-- The Importance of Continuous Monitoring: AI is not a "set it and forget it" technology. Sol emphasizes the need for ongoing monitoring and human involvement to ensure data accuracy and adapt to evolving needs.
-- Overcoming Organizational Resistance: Sol provides strategies for addressing fears and misconceptions surrounding AI, highlighting the importance of strong leadership and clear communication.
About Our Guest:
Sol Rashidi holds 7 patents, with 21 filed, in the Data & Analytics space. A sought-after keynote speaker, she shares her expertise on Machine Learning, Data & Analytics, and emerging operating models for organizations undergoing digital transformation. Her impressive career includes leadership roles at Estée Lauder, Merck, Sony Music, and Royal Caribbean.
Join us for this insightful conversation on CXOTalk Episode 840!
#ArtificialIntelligence #AI #BusinessStrategy #CXOTalk #SolRashidi #DataAnalytics #Leadership #DigitalTransformation #enterpriseai #aifails
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[@rayhere7925]

Immensely insightful talk. Sol is definitely one thought leader on enterprise AI that I'm definitely following from here on out.

[@silent_watchmen]

As a reader who had read her book, I would suggest if you're working on AI in tech company, skip the book because there's not much relevant info. If you're working in traditional business like retailer, marketing, e-commerce etc, or you worked in Tech but will join one of those traditional industries to work on any format of so-called "AI", her book might give some prospects you may run into. Her most prominent achievement was with IBM Watson back in early 2010s, which was called "AI" back then, but we all know thats whole lof different. I don't even think any of that experience would help any guy in Tech industry now. She's smart, candid, tenacious person though, and had a proven record on corporate ladder.

[@TheBobbyy]

Absolutely spot on.

[@malekmoubasher9902]

impressive, ordering the book right now

[@vb7969]

Enterprise AI adoption not happening due to: (1) Decisionmakers/Executives have absolutely zero knowledge & wisdom on how/when to move forward on AI (2) Most old-age IT guys getting territorial, clinging to comfort zone traditional tech, didn't even learn/adopt basic ML /predictive AI are stubbornly resisting Gen AI (3) Very few who really understand AI in enterprise are not heard or valued

[@seamussmyth2312]

Superb 🙌🏻

[@CXOTalk]

Thank you! Cheers!

[@recruitmenttips]

I hear a well rehearsed and skilled orator not saying much apart from some skilled management talk.

[@amdenis]

Sounds like she needs a lot more knowledge and experience in AI, as she pretty much just lumps ML, with DL as AI, which will bite most companies and CXO in the… in the next couple years, and destroy competitive advantages 9g the companies they work for.