Many companies are adopting artificial intelligence (AI) without clearly defined problems, akin to how physicians used leeches indiscriminately. Board meetings often emphasize the need for an AI strategy without assessing relevant issues. This has resulted in significant financial investments in initiatives yielding minimal returns. Typically, the rush to implement AI stems from competitive pressures rather than strategic needs, leading to solutions that do not align with organizational requirements. This technology-first approach often results in wasted resources and ineffective outcomes, emphasizing the need for a problem-centric view for AI implementations.
Companies are pouring millions into AI initiatives that lead to impressive demos but dismal results, often without clear problem definitions guiding the efforts.
A common pitfall in corporate AI strategies is starting with technology solutions instead of identifying specific problems that need fixing, leading to wasted investments.
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