Council Post: Business Leaders And AI In 2022: Five Ways To Achieve Transformative Outcomes

The 2020s marked the start of a decade of artificial intelligence (AI) truly coming into its own. It is forecasted to grow by 33.2% annually as businesses across domains see clear evidence that AI delivers enormous business benefits. By 2030, AI will create an additional $15.7 trillion in global GDP, a whopping 26% increase. But despite its many advantages like maximizing efficiency, reducing cost, improving customer satisfaction, identifying new product and service opportunities and meeting regulatory compliance requirements, the topic still raises doubts among business leaders worldwide. Based on my experiences in championing AI as a core driver of business success, here are my top five suggestions for leaders to get the most out of AI in 2022.