In the rapidly evolving landscape of Generative AI (GenAI), Gartner’s recent predictions at the Data and Analytics Summit in Sydney have raised some eyebrows. Gartner anticipates that by 2025, nearly a third of GenAI initiatives could be scrapped after the proof-of-concept stage. This startling statistic underscores the challenges organisations face in realising the full potential of GenAI.
Key Challenges Highlighted by Gartner
- Poor Data Quality: Inadequate data can derail even the most promising AI projects
- Escalating Costs: The financial burden of developing and deploying GenAI models is significant, often ranging from $5 million to $20 million
- Unclear Business Value: Justifying the substantial investment required for productivity enhancement can be difficult
The silver lining is despite these hurdles, early adopters are reporting notable business improvements, including increases in revenue, cost savings and productivity. However, these benefits are highly specific to individual companies and use cases.
How Insentra Can Help
At Insentra, we understand the complexities and challenges of implementing GenAI projects. Our Advisory and Adoption and Change Management Services are designed to help you navigate these challenges and unlock significant business value.
The roadmap to success
Through Advisory, we can help you understand the art of the possible. This includes getting under the hood of your business and understanding how GenAI can add value for you, its capabilities and just as importantly, its limitations.
Our Copilot Readiness Assessment will prepare your organisation for AI and make sure you have the right foundations in place to maximise this tool. At the end of the assessment, you will have a clear roadmap for the deployment of Copilot, including understanding prerequisites and identifying use cases that will return business value quickly.
Managing change effectively
We know from our own deployment of Copilot and from working with other early adopters that Adoption and Change management is critical to unlocking the value of GenAI. Copilot and Generative AI are just tools. To ensure that they are used effectively – or even used at all – you need to do three things:
Awareness and expectation setting
Firstly, you need to ensure people are fully familiar with Copilot. They need to understand the basics of what it does and, just as importantly, know what Copilot can’t do. Critically, people need to be able to relate this tool to their role and the work they do.
Breaking old habits
GenAI, like any new tool, unlocks new potentials. But we consistently see a spike in usage of AI in the initial stages, then dropping off as people fall into their old patterns of work. We can help you with strategies to minimise tool abandonment and ensure your team fully incorporates AI into their day-to-day work routines.
Become AI Artisans
As I have said before, AI is just a tool. So is a paintbrush. But there is a world of difference between what a skilled artist can create with a paintbrush and what the average person is able to do.
Now it is true, not everyone will be da Vinci. However, literally anyone can learn techniques to wield the tool more effectively and produce better output. Teaching people how to use AI with finesse is the third component which can add a ton of value to your business, maximising your return on investment.
Image prompt: Two people with their back to the viewer. Both are painting on a large, shared canvas. The person on the left is splashing paint haphazardly with a paintbrush and the left side of the canvas is a mess. The person on the right is using a paintbrush to touch up details on an intricate painting of a woman’s face.
Leverage AI for Business Success with Insentra
By partnering with Insentra, you can mitigate the risks associated with GenAI projects and maximise your chances of success. Let us help you turn your GenAI vision into reality and drive meaningful business outcomes.
If that sounds good to you, sign up for a free Power Hour session to take that first step in your AI journey. Feel free to contact us if you have other concerns or queries.
