Adopting AI isn’t just about deploying the technology to say and look trendy; it’s about reshaping your organization’s tool to specifically work for your business model and align with its revenue objectives, resources, stakeholder needs and culture.
An important first step many AI professionals say is performing an assessment of your organization’s readiness to adopt and integrate AI technologies—to gauge your capabilities and align those who will be deploying, using, finetuning and monitoring the tools.
Organizations with clearly defined AI strategies are twice as likely as those with informal adoption approaches to experience revenue growth from AI, and 3.5 times more likely to achieve critical AI benefits compared to those with no significant adoption plan, the report said.
But only 22% of organizations have a visible, defined AI strategy despite clear evidence that strategic AI adoption drives significantly better outcomes, according to new research from Thomson Reuters.
The survey of 2,275 global professionals across legal, risk, compliance, tax, accounting, audit, and global trade found that more than half of organizations are already seeing return on investment from AI adoption, with improved efficiency and productivity being the most common benefits. But 40% of organizations are adopting AI without a strategy, and 30% of professionals say their organizations are moving too slowly on AI implementation.
So let’s jump in the proverbial tech sandbox and figure out how to craft effective AI strategies for the rest of the year and beyond.
Our best wishes,
Julie DiMauro
US Content Manager
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