Council Post: Understanding The Value Of Artificial Intelligence Solutions In Your Business

Kamales Lardi is CEO of Lardi & Partner Consulting and a global award-winning expert in digital business transformation. In recent years, artificial intelligence (AI) has entered the mainstream business landscape as a critical path to advance in the digital economy. However, there is still a strong misconception in the business world as to what AI is and how it contributes to the digital transformation of an organization. Often, as I work with leadership teams to develop the company's digital transformation strategy, it is not uncommon to find strategic goals such as, "implement AI-based solutions to realize xx% revenue gains," or "implement AI to increase productivity and efficiency." These vague, high-level strategic goals betray a lack of understanding of the capabilities of AI-based solutions and how it could really add value to businesses.