Secrets of AI Value Creation: A Practical Guide to Business Value Creation with Artificial Intelligence from Strategy to Execution

"Artificial Intelligence (AI) is a game-changing technology that can bring significant value to businesses of all sizes and industries. Research has shown that companies can achieve up to a 30% increase in profits and provide significant business value by successfully adopting it. In this publication, we bring together three experienced authors with a deep understanding of the AI industry to show how to do it. While many publications focus on one or two aspects of AI from a single perspective, this book is a comprehensive guide that provides readers with a framework to navigate the complexities of AI value creation from different perspectives. We explore the various value drivers and obstacles that come with adopting AI and highlight strategies and tactics that successful AI Achievers have used to drive business growth and create value through AI. Our insights are organized into four parts and fourteen chapters, drawing from our own and the experiences of AI Achievers to provide actionable guidance on creating value with AI. Through real world examples, case studies, and interviews with industry leaders, we identify the best practices and common pitfalls that companies face when implementing AI. Our aim is to equip readers with the knowledge and tools necessary to overcome obstacles and reap the rewards of AI. We examine the challenges from multiple perspectives, including business, technology, data, algorithmics, and psychology. By providing practical examples and case studies, we aim to illustrate our points and offer readers the key capabilities required to foster an environment for successful AI value creation"--
Unlock unprecedented levels of value at your firm by implementing artificial intelligence In The Secrets of AI Value Creation: Practical Guide to Business Value Creation with Artificial Intelligence from Strategy to Execution, a team of renowned artificial intelligence leaders and experts delivers an insightful blueprint for unlocking the value of AI in your company. This book presents a comprehensive framework that can be applied to your organisation, exploring the value drivers and challenges you might face throughout your AI journey. You will uncover effective strategies and tactics utilised by successful artificial intelligence (AI) achievers to propel business growth. In the book, you’ll explore critical value drivers and key capabilities that will determine the success or failure of your company’s AI initiatives. The authors examine the subject from multiple perspectives, including business, technology, data, algorithmics, and psychology. Organized into four parts and fourteen insightful chapters, the book includes: Concrete examples and real-world case studies illustrating the practical impact of the ideas discussed within Best practices used and common challenges encountered when first incorporating AI into your company’s operations A comprehensive framework you can use to navigate the complexities of AI implementation and value creation An indispensable blueprint for artificial intelligence implementation at your organisation, The Secrets of AI Value Creation is a can’t-miss resource for managers, executives, directors, entrepreneurs, founders, data analysts, and business- and tech-side professionals looking for ways to unlock new forms of value in their company. The authors, who are industry leaders, assemble the puzzle pieces into a comprehensive framework for AI value creation: Michael Proksch is an expert on the subject of AI strategy and value creation. He worked with various Fortune 2000 organisations and focuses on optimising business operations building customised AI solutions, and driving organisational adoption of AI through the creation of value and trust. Nisha Paliwal is a senior technology executive. She is known for her expertise in various technology services, focusing on the importance of bringing AI technology, computing resources, data, and talent together in a synchronous and organic way. Wilhelm Bielert is a seasoned senior executive with an extensive of experience in digital transformation, program and project management, and corporate restructuring. With a proven track record, he has successfully led transformative initiatives in multinational corporations, specialising in harnessing the power of AI and other cutting-edge technologies to drive substantial value creation.