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The Human Side of AI Transformation
Manage episode 519429026 series 3699430
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The podcast discusses the 10-20-70 rule for AI investment, emphasizing that successful companies allocate 70% of their efforts to people and processes, 20% to data and technology, and only 10% to algorithms. This approach contrasts with the common misconception that AI is primarily a technology problem. The conversation highlights the importance of workforce planning, training, and cultural transformation in capturing real value from AI.
Takeaways
- Most companies are getting AI investment backwards.
- Only 5% of companies capture value from AI at scale.
- AI leaders focus 70% on people and processes.
- Winning with AI is a sociological challenge.
- Generative AI impacts the majority of the workforce.
- Less than one third of companies upskill employees for AI.
- AI leaders implement comprehensive upskilling programs.
- They create cross-functional agile teams.
- They redesign workflows and incentive structures.
- Future-built companies generate more revenue growth.
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