Me, Myself, and AI Feed Drop: Why Only 10% of Companies Succeed With AI With Sam Ransbotham, Professor at Boston College
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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 Sam critiques outdated practices in healthcare, such as reliance on fax machines, and urges for innovation in tech solutions.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.
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AI Success Rate
- Only 11% of companies achieve significant financial benefits from AI.
- Most companies get some benefit, but not the transformative change often touted.
Fax Machines in Healthcare
- Healthcare still relies heavily on fax machines, even with AI.
- Some use AI to scan faxes, but a better solution is eliminating faxing altogether.
Sourcing AI Talent
- Companies use both internal and external talent for AI projects.
- Technology is becoming commoditized, making internal talent with organizational knowledge more valuable.