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.

While nearly every company has adopted digital transformation buzzwords in recent years, the actual implementation of these disruptive technologies remains another story. For a variety of reasons, new technologies often fail to meet expectations. One example is artificial intelligence, which is an advanced technology that companies cannot ignore in an era of increasing digitalization and remote work. Many organizations deploying AI projects through tactical initiatives that seek to deliver an immediate payback have learned that this approach rarely delivers meaningful value. AI is a powerful tool, one that has the capacity to redefine entire industries.