Hey, what’s up? Ryan Kler here with GPD. For work, I figured I’d take a minute to unpack a quick video about where most organizations, especially smaller ones, are currently sitting with AI.
There are concerns about security, protection of information, accuracy, job losses, and the speed of adoption. The fact is, we are currently going through the hype cycle of any new technology. Depending on where you’re at, both with the type of AI and your industry’s adoption of technology, you will see a consistent wave of news and opinions.
To navigate this hype cycle, it is important to understand where your organization, employees, executives, and management stand. It is crucial to analyze the impact of AI on your business, market share, competition, and industry. By understanding the different perspectives within your organization, you can develop a pragmatic approach to AI adoption.
Start by identifying which side of the spectrum individuals are coming from. Are they more inclined towards the hate and horror side, or the hope and hype side? Both sides have their inherent problems, but the goal is to find a balance.
For those on the hate and horror side, it is important to show them how AI can be a tool to automate and improve the most painful and repetitive tasks. By focusing on the projects that they dislike and don’t see much value in, you can demonstrate the potential of AI as a productivity tool.
On the other hand, for those on the hope and hype side, it is crucial to bring them back to reality. Encourage them to focus on running realistic pilot projects that generate real results and return on investment. This will help them understand the practical applications of AI and avoid getting lost in futuristic ideas.
To effectively implement AI, it is essential to analyze the risks and rewards. Evaluate the privacy and security concerns associated with the information being processed by AI. Additionally, consider the accuracy and impact of the AI-generated outputs. By mitigating risks and focusing on low-risk, high-reward projects, you can ensure a successful AI implementation.
It is also important to recognize that AI is not meant to replace everything. Instead, focus on the 20% of projects that will make 80% of the impact. Take an agile approach, implementing AI step by step and continuously improving and adjusting along the way.
To accelerate the adoption of AI and minimize risks, consider seeking help from a consulting expert who understands both the business processes and the potential of AI. They can assist in opportunity assessments, pilot projects, and the development of company policies.
In conclusion, navigating the hype and hate of AI requires a pragmatic approach. By understanding the different perspectives within your organization, analyzing risks and rewards, and focusing on realistic projects, you can successfully integrate AI into your business processes. Remember, AI is a tool that can enhance productivity and effectiveness, but it should be used strategically and in alignment with your organization’s goals and values.
