Is Your Company AI-ready?
by Sanjay Chopra, Cognistx
Artificial intelligence (AI) is being used to power our technology and the services we use every day, like banking, retail, entertainment and shipping. Major corporations spend billions on AI solutions to make their companies more efficient, profitable and cyber-safe. This has only accelerated with the advent of chatGPT. But you don’t have to be a big company to use AI, chatGPT or other tools to afford it. You just need to have certain pieces in place.
At Cognistx, our conversations with businesses start with a look at an organization’s internal systems. These evaluations help businesses determine how to use AI and what they need to have in place for the technology to work effectively. We start with high ROI use cases and then fit AI to those use cases. Our 10-step AI process is outlined here. For an organization to be successful here are some key factors they need to consider:
Organizational Readiness
Any company that’s serious about AI should have the appropriate organizational structure, leadership and talent in place. Will your business’s leadership structure support an AI investment?
Technological Readiness
When assessing a company’s readiness, we look at a business’s networks, software and tools such as cloud-based tools and services, analytics tools, as well as the people they have to manage them.
Another component of technology readiness is data readiness. We analyze the data a company stores, how it’s managed and how it’s used.
Financial Readiness
Companies need a budget to launch, maintain and upgrade an AI investment. It’s not unlike investing in new computers, accounting platforms or software. We encourage prospective customers to consider AI as a long-term investment and not as a one-time expense.
Cultural Readiness
Cultural readiness focuses on assessing whether an organization as a whole supports the use of new technology. Artificial intelligence is somewhat controversial. Many worry that AI will replace jobs and people. Businesses that pursue AI should communicate the use of the technology to their staff and customers, if necessary, to ease fears and gain supporters. Without internal support, any investment in new technology will likely fail, which could have grave repercussions on an organization.
So, is your business AI-ready?
Cognistx can help assess your organization’s readiness. We don’t have to delve too deep to determine readiness or how best your business can use artificial intelligence. Sometimes speaking with a data scientist is enough to get you on the path to AI innovation. Contact me at sanjay@cognistx.com.
