Me, Myself, and AI
Feed Drop: Why Only 10% of Companies Succeed With AI With Sam Ransbotham, Professor at Boston College
Jul 30, 2024
In this intriguing discussion, Sam Ransbotham, a Boston College professor specializing in AI implementations, dives into why only 10% of companies succeed with AI. He highlights the common pitfalls of treating AI as a mere add-on rather than a transformative tool. Sam critiques outdated practices in healthcare, such as reliance on fax machines, and urges for innovation in tech solutions. He explores AI's evolving role in education, signaling both its potential and its challenges, while emphasizing the necessity for thoughtful regulations in this fast-paced landscape.
45:28
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Quick takeaways
- Companies often fail to leverage AI effectively because they apply it to outdated processes instead of innovating their operational frameworks.
- Success in AI implementation relies on strong technology foundations, skilled personnel, and a willingness to rethink existing business structures.
Deep dives
Understanding AI Success Rates
Only 10% of companies are achieving significant financial benefits from artificial intelligence, but this doesn't necessarily indicate failure. Many organizations are deriving some value from AI, even if it's less than anticipated. The discussion highlights that the perception of failure may stem from unrealistic expectations about AI's transformative potential. Contextualizing success in AI involves recognizing that there are varying degrees of benefits beyond a binary fail/success dichotomy.
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