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Should AI Be Part of Your Digital Transformation Strategy?

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AI is seeping into enterprises from all directions. It's being embedded in applications, software tools, devices and equipment. Yet, some organizations still don't have an AI strategy. "The journey to AI having an impact at a firm is challenging and sometimes long," said Nigel Duffy, global artificial intelligence leader at professional services firm EY. "To have an impact with AI you must solve a lot of problems, many of which have nothing to do directly with AI, [such as] how do you deploy solutions? How do you get them into your infrastructure? How do you get people to use them? What are the workforce and change management considerations? What kind of training is required? AI is too disruptive to ignore. If your company lacks an AI strategy by design, then it has one by default. A default strategy is a Wild, Wild West scenario in which AI is popping up in various places within an organization, without orchestration and alignment. The lack of cohesion and direction can result in several issues including governance and security. "[S]ome of those risks may not be well characterized, so they have not been addressed by the appropriate level of governance and review," said Duffy. "Most AI is going to come through procurement or it's going to come through the backdoor or technology you've deployed." Should an AI strategy be part of a digital transformation strategy? One reason some people think an AI strategy should be part of a digital transformation strategy is because the digital transformation strategy is viewed as the overarching business initiative that's facilitated by modern technologies. "If an organization's digital transformation strategy does not already include AI, then there is a real need to revisit the overall approach to transformation, said David Homa, director of the Digital Initiative at Harvard Business School.


Four Practices Your Organization May Need to Lead Its AI Transformation - SPONSOR CONTENT FROM DELOITTE

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Even as the pandemic has accelerated transformation in many aspects of business, artificial intelligence (AI) has advanced over the past two years with notable speed. As more leaders recognize and rely on AI's utility in uncovering and scaling data-driven insights and freeing their workforce to solve problems with creativity, they increasingly see AI technologies and processes creating value for employees, partners, and customers. Though we are still in the early days of AI transformation, organizations are rapidly developing and scaling their capabilities. A survey of 2,875 executives for Deloitte's most recent State of AI in the Enterprise report found that market-leading AI-driven organizations primarily focus on leading practices in four key areas: Regardless of an organization's commitment to AI adoption or its degree of success in implementing and scaling AI for strong outcomes, each area should be explored closely. Organizations with an enterprise-wide AI strategy and leaders who communicate a bold vision were nearly twice as likely to achieve high outcomes among those surveyed than those without them.


AI/ML, Data Science Jobs #hiring

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PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.


Make the robot do the grunt work

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The waste was one thing. A large manufacturer was keen to reduce spend on warranty costs and pricing claims--with claim audits a dauntingly manual process. But more importantly, the company knew that critical insights around quality and safety were buried within those claims. But how to find them? Our client knew a better way was possible--but where to start?


This sustainable fashion entrepreneur has an empowerment message for women: 'Crush and Repeat' - Refresh Miami

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Walking back from a business meeting, management consultant Emilia Higashi quickly developed blisters on her feet. She figured there had to be better way to make women's shoes โ€“ ones more comfortable and also sustainable, made from plants instead of animal or petroleum products. Soon, she was researching in Italy at the world's biggest footwear trade show. She fell in love with a design called Saccheto, or little sack, that has minimal seams and fits almost like a sock. Then, she looked worldwide for sustainable plant-based materials, including "leathers" made from wine residues, pineapple fibers, cactus and even algae.


Managing Law Firms' Risks Using Artificial Intelligence

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The iManage Threat Manager analyzes a userss behavior relative to the user's historical use of documents across as many as 23 criteria, including views, opens, modifications, prints, emails and download. The user is also analyzed against the entire group of users to see how they are similar or different. Threat Manager can also be set to analyze a user's document behavior relative to their classification at the firm. This can be useful because assistants use documents differently than paralegals who are different than associates who are different than partners. Threat Manager then produces easy-to-understand reports which flag any aberrant behavior and can even be set up to limit a user's access if thresholds are exceeded.


Dubai: Humanoid robot Sophia to participate in auditors' conference

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The humanoid robot Sophia, the world's first robot citizen, will arrive in Dubai on Tuesday, March 8, to participate in the largest smart conference for internal auditors, the 20th Annual Regional Audit Conference (ARAC) from March 7 to 9 at Dubai World Trade Centre. Sophia, who holds Saudi citizenship, will conduct an interactive session on the future of artificial intelligence entitled "Artificial Intelligence in the Internal Audit Profession", on the second day of the annual regional conference on internal auditing, hosted by the Association of Internal Auditors in the United Arab Emirates at the Dubai World Trade Center under the theme "The Revolution and Transformation in Internal Audit". Sophia became the world's first robot citizen after Saudi Arabia granted her citizenship in October 2017. The conference is sponsored by a number of major international companies such as KPMG, Bee'ah, Protiviti and PricewaterhouseCoopers. The conference provides an opportunity for attendees to receive more than 22 CPE credits, in order to enhance their professional development process.


Global Emergetech Summit on LinkedIn: #GES2022 #GlobalEmergetechSummit #emergingtechnologies

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Kate Barker Chief HR Futurist & Strategic Advisor,NEOM Will be speaking at the Global Emergetech Summit 2022 Organized by Elahriex Concepts in association with International Center For Strategic Alliances Kate Barker is a Chief Future of Work expert, CHRO, Consulting Leader and a recognized authority in talent management, leadership development, and people/technology advancements. As an international advisor, Kate's career spans three decades, working to advance Fortune 500 companies and Governments around the world have confidence in their future, to stay competitive and minimize risk. Kate works with Executive teams to ensure business outcomes are achieved, especially during times of rapid or disruptive change. Through Executive Coaching and Team Development she works with Executives to help them collaborate effectively, better leverage individual strengths and maximize their impact by working together to achieve common business goals. She has garnered respect in a multitude of roles, like a Futurist for the $500B Futurist-City - NEOM in Saudi Arabia, as a Senior Advisor to His Highness (UAE), or as leading global Consulting Partner at PWC (Asia) and Ernst & Young (USA).


Artificial Intelligence- The Industry 4.0's Driving Force

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These technologies prove to be game-changers in the supply chain and logistics industries. According to McKinsey & Company, organisations will gain between $1.3 trillion and $2 trillion per year in economic value by incorporating AI into their supply chains. In addition, AI could contribute over $15.7 trillion to the global economy by 2030, according to PricewaterhouseCoopers. One of the critical reasons AI adoption in the supply chain is rising is organisations' understanding of AI's capacity to handle the complexity of running a global logistics network. When used effectively, it can assist businesses in making more brilliant, more agile decisions and predicting challenges.


Artificial Intelligence, Machine Learning and Deep Learning: A Primer - CEOWORLD magazine

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Dr. Dorel Iosif is a Board Director and CEO with Cognisium, a tech executive marketplace headquartered in Australia. He held senior executive roles with KBR, WorleyParsons, PwC and Advisian Management Consulting. Dr Iosif started his career in Israel with the Technion Institute of Technology and continued in Australia with BHPBilliton and the University of Melbourne. He holds a Ph.D in applied mathematics from the University of Melbourne and studied Corporate Level Strategy - Executive Program at Harvard Business School. Dorel worked in Australia, USA, Europe and the Middle East.