Patrick Pitre’s Post

Artificial Intelligence: Your Business's Secret Weapon 🚀 Did you know that AI can transform your business and give you a competitive edge in the market? According to a Harvard Business School study, AI can create value in four main areas: process automation, decision-making enhancement, product and service innovation, and customer experience personalization. But how can you leverage AI's potential in your organization? Per the Harvard experts, there are three key steps: Define your AI strategy: Identify the problems you want to solve and the opportunities you wish to explore. Prioritize initiatives with significant impact that align with your vision. Develop your AI capabilities: Ensure you have the right resources, skills, and culture to implement AI within your organization. Execute your AI action plan: Implement AI solutions in an agile and experimental manner. Measure the results and scale the successes. The Harvard study also reveals that AI can increase knowledge workers' productivity by 12.2% and the quality of work by over 40%, making a significant difference in efficiency and excellence. 📘 Read the full study here to delve deeper into how AI is redefining knowledge work. If you're ready to discover how AI can boost your business, don't hesitate to contact me. I am here to help you navigate the technological frontier and turn AI into your strategic ally. If you enjoyed this post and believe it can add value, I would invite you to share it with your network and leave me a comment with your thoughts. Thank you for being part of the digital transformation! #ArtificialIntelligence #DigitalTransformation #HarvardBusinessReview #Productivity

70-80% of #AI projects in #IT organizations fail. But why? We conducted a study to understand how IT organizations perceive AI. One of the questions we asked IT professionals was about the barriers to AI adoption. We found these to be the most popular barriers: ❌ Customer data security ❌ Additional cost ❌ Inaccuracy or inconsistency ❌ Lack of expertise within the team ❌ Governance and compliance These are responsible for killing AI projects before they start or through a hundred paper cuts. According to McKinsey & Company the 3 main reasons why 70% of transformations (in general, not just AI) fail are: ❌ Inadequate leadership aspiration ❌ Skills and capability gaps ❌ Neglect of procedural elements How can you increase the odds of success? I've written about it in some depth. On a high level: 1. Pick a problem that’s a business priority 2. Understand that changing user behavior is hard 3. Start nurturing talent early on through hiring and training 4. Recognize that users are prioritizing their own goals 5. Educate users on the importance of governance and compliance 6. Change manage the program with the end user in mind 7. Track progress and continually improve If you take away one thing, let it be #1. Adopting AI for the sake of the technology is why most projects fail.

🌟 Expectations vs. Reality in AI Deployment 🌟 Expectation: Success in data, AI, and technology hinges on the quality of data, AI models, and technological tools. However, it’s rarely the model, code, integrations, or engineering alone that determines success. More often, it’s the non-technical factors that differentiate those who succeed from those who don’t. Reality: The true landscape of AI implementation is far more nuanced. It’s not just about the systems we build; it’s about the strategic framework and human elements that support these technologies. Achieving success in AI requires a blend of resilience, fearless leadership, cultural adaptability, and strategic foresight. The Gap: The common perception, however, is the opposite. The challenge is not merely to deploy AI but to cultivate an environment where AI objectives align with core business goals. This requires ensuring our teams are trained, well-equipped, and adaptable. For those who have deployed AI, we know that changing perceptions is as critical as building capabilities. Let's rethink the integration of AI. Share your experiences and insights! How has your organization bridged the gap between expectations and reality? #data #analytics #artificialintelligence #AI #keynote #speaker #consulting #careers #leadership #management ---------------------- 💥 I am Achille 🔺 Supporting you and your businesses leveraging data 🔺 Providing advisory, consultancy and keynotes specializing in Retail, Supply Chain & Construction Like this post? Want to see more? Ring the 🔔 on my profile Follow #achilleai 🔝 Connect with me

AI is easy Said nobody ever. Most digital or commercial leaders like myself underestimated the complexity of it. Yes, GenAI is powerful, but it’s not magic. The real magic lies underneath what you cannot see. If you’re keen on taking your enterprise to the next level with AI, here are a few things to consider: ➡ Relevance to Business Model: Not all AI fits every business. Focus on specific use cases to ensure relevance and value. ➡ Cost Management: AI projects can be expensive. Prioritize high-impact areas to manage costs effectively. ➡ Data Quality: AI is only as good as the data it’s built on. Prioritize data selection, sourcing, and synthesis. ➡ Data Engineering: Invest in robust data engineering to clean, normalize, and prepare data for effective AI modeling. ➡ Modeling: Focus on rigorous model selection, training, and evaluation to ensure accurate results. ➡ Operationalizing: Deployment, monitoring, and continuous improvement are crucial for sustaining AI value. ➡ Constraints: Be mindful of legal, ethical, and security constraints to build trust and transparency. ➡ Risk and Liability: Understand and mitigate the risks and liabilities associated with AI implementation. The journey to AI success is complex AND EXPENSIVE Make sure all your dollars count and have a good game plan. Remember, be ahead of the game Whilst everyone's talking about AI improving efficiency, the real value lies in your revenue when AI / data knows your customers better than your relationship managers. Don't stay stuck in the operational cycle. We do CX x AI Drop me a message if you want to know how to steal the market share from your competitors. #AIdevelopment #digitaltransformation #innovation #AI #digitalinnovation

Are we truly ready for the rise of AI in business operations? Artificial Intelligence is not just a buzzword. It's reshaping the way businesses operate, creating lucrative opportunities while posing new challenges to traditional systems. Here's the thing about AI... 1️⃣ It Transcends Industries: Whether retail or healthcare, tech or finance, AI is revolutionizing all sectors with predictive analytics, real-time data processing, and automation. 2️⃣ It Enhances Efficiency: By automating rote tasks and complex operations alike, AI boosts productivity and allows employees to focus on strategic thinking. 3️⃣ It Augments Decision Making: With access to sophisticated data analysis tools, leaders can make informed decisions swiftly. 4️⃣ It Drives Innovation: AI inspires new product development, helps in identifying market trends early, and opens up fresh business models. 5️⃣ It Poses Ethical Questions: Although promising immense potential, the rise of AI also brings up debates around data privacy and job displacement. As business leaders and consultants, it's time we embrace this new normal. We need to equip ourselves with the necessary knowledge and skills to implement AI responsibly while deriving maximum value from its application. In other words - ignore artificial intelligence at your own peril. Your competitors won't! Do you agree? Let's discuss how AI can be a game-changer for your business.

🚀 Unleashing AI: A Strategic Blueprint for Business Integration 🚀 AI isn’t just a buzzword—it’s a game-changer. But how do you integrate AI into your business strategy effectively?  Here’s your roadmap to navigating this transformative journey. 🌐 1️⃣ Understand Your Goals: Start with a clear vision. What do you want AI to achieve for your business?  2️⃣ Evaluate Your Data: Data is the lifeblood of AI. Assess the quality and quantity of your data.  3️⃣ Choose the Right Tools: Not all AI tools are created equal. Select those that align with your business needs and are scalable as you grow. 4️⃣ Build a Skilled Team: Equip your team with the necessary skills. Invest in training and development to keep pace with AI advancements. 5️⃣ Pilot Projects: Start small. Implement AI in a specific area, measure the impact, and learn from the experience before scaling up. 6️⃣ Monitor & Iterate: AI is not a set-it-and-forget-it solution. Continuously monitor its performance, gather feedback, and make necessary adjustments. Integrating AI into your business isn’t a sprint—it’s a marathon. With the right strategy and roadmap, you can harness the power of AI to drive innovation and growth. 💡  At NeoLumin, we empower businesses and professionals to elevate their work and careers through analytics and GenAI.      ➡️ It’s about what we offer, who we are, and how we deliver impactful results.     🔗 Visit our website to schedule a consultation today at hello@neolumin.com and learn more about our transformative approaches.     P.S. Repost this ♻️ if you found it helpful. Thank you! #AI #GenAI #ArtificialIntelligence #BusinessStrategy #Innovation #Growth #AICoaching #AIConsulting #FutureOfWork #DigitalTransformation  

Is your organization ready to harness the power of AI? Keep scrolling for a strategic 7-step guide designed to transform your company into an AI powerhouse. Unlocking the power of AI is no longer an option, it's a necessity. Here's a 7-step guide to tackle this challenge: 1️⃣ Understand AI Start by educating yourself and your team about AI. Dispel the myths and focus on the facts. AI is an incredible tool but it's important to understand its possibilities and limitations. 2️⃣ Uncover Opportunities: Spend time identifying areas in your organization that could benefit from AI. This might include areas like customer service, operations, marketing, or decision making. 3️⃣ Data Collection & Tool Investment: Remember, AI thrives on data. Does your data answer current problems?Find tool stacks to align with specific needs to accomplish goals faster. 4️⃣ Start Small Take a phased approach to AI implementation. Begin with non-critical, short, and easy projects to understand practical implications and gradually broaden its usage. 5️⃣ Analyze, Refine, and Measure AI isn’t a hands-off solution. It requires constant monitoring and refinement. Measure the results, learn from them, and adjust your strategy as needed. 6️⃣ Foster a Data-Driven Culture: Change isn’t limited to technology. Shift your organization’s mindset to value data and evidence-based decision making. This is a crucial step in embracing AI. 7️⃣ Seek Innovation & Collaboration: AI should be a shared endeavor, incorporated across teams and departments. Encourage creative thinking and collaboration to truly harness the power of AI. Transitioning into an AI-driven organization is a journey, not a destination. But each step forward brings you closer to a more efficient, data-driven, and transformative business model. Commit to the process and watch the benefits unfold. #AI #ExecutiveLeadership #Strategy #ChangeManagement #Innovation

Generative AI: What is the Business Impact? In working with various clients, it’s clear that many companies experiment with generative AI without achieving significant business impact. Often, it’s treated as a technical playground, falling short of demonstrating tangible ROI to leadership. To effectively harness AI's potential, a structured approach is essential. Key steps include: Evaluate Your Vision and Strategy: Align AI initiatives with long-term business goals and ethics. Identify Key Areas for Value: Assess where AI can enhance productivity, develop new services, and provide competitive advantages. For example, AI can boost employee productivity by up to 66%. Assess Readiness: Evaluate data management, infrastructure, and AI skills. Educate and Upskill Your Team: Invest in training, encourage cross-functional collaboration, and foster continuous learning. Consider Compliance and Risks: Address IP, data privacy, and AI-specific risks. Prioritize Your Business Cases: Evaluate ROI and prioritize initiatives that promise high returns. As a consultant, I have assisted clients in moving from fragmented experimentation to a structured strategy, providing clear roadmaps that ensure AI initiatives are both innovative and sustainable. For more details on adopting this strategic approach, feel free to follow the link below or contact us. We also offer strategic workshops to streamline the integration of generative AI into your business. #GenerativeAI #BusinessStrategy #AIIntegration #Consulting #AIinnovation

Navigating the AI landscape can be daunting, but the path becomes a lot clearer with a roadmap. Here's a sneak peek at what you'll find in my comprehensive AI Integration Checklist: 1️⃣ 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 ↳ Define your AI goals to tackle key organizational challenges. 2️⃣ 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗙𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻 ↳ Assess your tech infrastructure and data readiness. 3️⃣ 𝗔𝗜 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 ↳ Decide between nurturing in-house talent or partnering externally. 4️⃣ 𝗧𝗲𝗰𝗵 𝗦𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 ↳ Choose AI tools that align with your objectives, starting with pilot projects. 5️⃣ 𝗗𝗮𝘁𝗮 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 ↳ Prioritize robust data management for AI success. 6️⃣ 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 ↳ Form a cross-functional team for holistic integration. 7️⃣ 𝗖𝘂𝗹𝘁𝘂𝗿𝗲 𝗼𝗳 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 ↳ Cultivate an environment that embraces AI and continuous learning. 8️⃣ 𝗘𝘁𝗵𝗶𝗰𝗮𝗹 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 ↳ Lead with responsibility in AI application. 9️⃣ 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁 ↳ Measure, iterate, and scale your AI initiatives. Check out the complete checklist and take a significant step towards transforming your organization with AI. #AI #Innovation #AIIntegration #DigitalTransformation

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗻𝗲𝗲𝗱 𝗮𝗻 𝗔𝗜 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆? People often ask me why a company needs an AI strategy. The biggest critics and AI sceptics ask me: "Isn't building an AI strategy the same as building a strategy for Excel?" Well, no. While AI may seem like just another technology, it stands apart for three key reasons. 1. AI is a rapidly evolving field, with new advancements emerging almost daily. What was relevant just six months ago may already be outdated. 2. Regulations surrounding AI are constantly changing, varying across countries. It's crucial to stay informed about these evolving guidelines. 3. AI isn't confined to a specific part of the value chain; it has the potential to impact every aspect of your business. 𝗧𝗼 𝘀𝘁𝗮𝘆 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲, 𝗶𝘁'𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝘁𝗼 𝗱𝗲𝘃𝗲𝗹𝗼𝗽 𝗮 𝘄𝗲𝗹𝗹-𝗼𝗿𝗰𝗵𝗲𝘀𝘁𝗿𝗮𝘁𝗲𝗱 𝗔𝗜 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆, 𝘁𝗿𝗮𝗶𝗻 𝘆𝗼𝘂𝗿 𝘄𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲, 𝗮𝗻𝗱 𝗿𝗲𝗲𝗻𝗴𝗶𝗻𝗲𝗲𝗿 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 𝘁𝗼 𝗮𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗲 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻. 𝗪𝗶𝘁𝗵𝗼𝘂𝘁 𝘁𝗵𝗶𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗼𝗿𝗰𝗵𝗲𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻, 𝗔𝗜 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗶𝘀 𝘀𝗹𝗼𝘄 𝗮𝗻𝗱 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝘄𝗶𝗹𝗹 𝗯𝗲𝗰𝗼𝗺𝗲 𝗶𝗿𝗿𝗲𝗹𝗲𝘃𝗮𝗻𝘁 𝗾𝘂𝗶𝗰𝗸𝗹𝘆. As Bill Gates famously said, "Businesses will stand out based on how effectively they utilize AI." #AI #strategy #LinkedIn ___ Enjoyed this post? Like 👍, comment 💭, or re-post ♻️ to share with others. Click the bell the get notified about my LinkedIn posts.