Join Traci Gusher, America's AI data and automation leader at EY, as she navigates the complex landscape of AI adoption and implementation. With 95% of companies investing in AI but facing low adoption rates, she highlights why data governance is vital for success. Discover how generative AI is reshaping product innovation and the importance of responsible AI practices in business growth. Traci also discusses the challenges organizations face and the need for centralized data processes to truly harness AI's transformative power.
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insights INSIGHT
Democratization of AI
AI's current wave is different because of democratization, putting its power directly into everyone's hands.
This has sparked renewed investment and excitement, combining generative AI's potential with classic AI's capabilities.
insights INSIGHT
AI Investment vs. Implementation Gap
While 95% of companies invest in AI, only 5-10% fully implement it.
This gap stems from varying company maturity levels, risk concerns, and differing approaches to adoption.
volunteer_activism ADVICE
Data as a Business Function
Treat data as a crucial business function, like finance or HR, not a necessary evil.
Implement a centralized data governance strategy with dedicated teams within each business unit.
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95% of companies are investing in AI. Yet, adoption is still low. So is AI more hype, or is it foundational in the future of work? We’ll be tackling those questions with one of the world’s largest consulting firms, as EY’s Traci Gusher joins us.
Topics Covered in This Episode: 1.Importance of Data in AI Implementation 2. AI Education and Responsible AI Implementation 3. AI for Business Growth 4. Rethinking Business Processes Using AI
Timestamps: 01:35 Daily AI news 05:20 About Traci and EY 08:14 AI becoming integral in personal and professional lives. 13:16 Companies adopting generative AI for product innovation. 14:18 Organizations hesitant about using AI due to concerns. 18:21 Centralized data processes crucial for business success. 20:46 Organizations focus on innovation using generative AI. 25:28 Data governance crucial for quality and analysis. 27:14 AI master class educates boards on responsibility.
Keywords: Tracey Gusher, AI, data lineage, data quality, data traversal, AI education, AI master class, responsible AI implementation, reimagining processes, revenue streams, data investment, Jordan Wilson, Everyday AI Show, generative AI, organizational sectors, value-driven AI, top growth, bottom growth, ChatGPT, experimentation, transformation, technology maturity, data maturity, data management, decentralization, data governance, automation, applied AI, analytics, good data.
Everyday AI Podcast – An AI and ChatGPT Podcast