Enterprises Need to Prepare in Five Key Areas to Achieve Productivity Gains from AI

BENGALURU, India, Oct. 29, 2024 /PRNewswire/ —

Companies globally recognize the potential of artificial intelligence (AI) and are eager to adopt enterprise AI, yet most are far from fully integrating AI into their businesses and operations owing to large gaps in basic AI readiness, reveals a new research from the Infosys Knowledge Institute (IKI), the research arm of Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY). The Infosys Enterprise AI Readiness report includes insights from over 1,500 respondents across Australia, New Zealand, France, Germany, the United Kingdom, and the United States, backed up with in-depth interviews with 40 senior executives in the US and UK.

Strategy

One of the key areas that enterprises need to focus on to achieve significant productivity gains from AI is strategy. This involves developing a clear roadmap for how AI will be implemented within the organization, including identifying use cases, allocating resources, and setting goals for AI adoption.

Governance

Effective governance is essential for successful AI implementation. This includes establishing policies and procedures for the ethical and responsible use of AI, as well as ensuring that data privacy and security are maintained throughout the AI deployment process.

Talent

Having the right talent in place is crucial for maximizing the benefits of AI. Enterprises need to invest in training and upskilling their workforce to ensure that employees have the skills and knowledge required to work alongside AI technologies.

Data

Data is the fuel that powers AI, so enterprises need to have a solid data strategy in place to ensure that the right data is available for AI algorithms to generate insights and make informed decisions.

Technology

Finally, enterprises need to invest in the right technology infrastructure to support their AI initiatives. This includes selecting the appropriate AI tools and platforms, as well as integrating AI capabilities with existing IT systems.

By focusing on these five key areas – strategy, governance, talent, data, and technology – enterprises can position themselves to achieve significant productivity gains from AI and stay ahead in today’s competitive business landscape.

How AI Readiness Will Impact Me

As AI continues to permeate various industries, individuals can expect to see changes in the way they work and interact with technology. From personalized recommendations to streamlined processes, AI readiness has the potential to enhance efficiency and drive innovation in the products and services we use on a daily basis.

How AI Readiness Will Impact the World

The readiness of enterprises in adopting AI will have a ripple effect on the global economy and society as a whole. From job transformations to increased automation, the widespread integration of AI has the potential to reshape industries, boost economic growth, and address complex challenges facing humanity.

Conclusion

Enterprises that prioritize AI readiness in key areas such as strategy, governance, talent, data, and technology will be well-positioned to harness the full potential of AI and drive significant productivity gains. As AI continues to evolve and expand its capabilities, organizations that embrace AI readiness will be able to stay competitive and lead the way in the digital era.