Before Strategizing, Conduct an AI Audit

Studies forecast that AI will boost profitability by an average of 38% by the year 2035. If an AI program interpreted this data, the result would be conclusive: Artificial intelligence is quickly becoming one of the economy's sharpest competitive edges. According to McKinsey & Company, just 47% of executives report embedding AI into one business process, and only 21% report implementing AI in multiple ways. While the technology is progressing at historically unprecedented rates, the majority of enterprises still face either barriers to entry or difficulty determining next steps. Whether a company is beginning its journey with AI, or ready to take the next measured step, it's essential to conduct a comprehensive AI audit.