Cxotalk: Leadership, Innovation, Disruption

#enterpriseai #generativeai #aiethics Harvard Business School professor Iavor Bojinov explains how to make enterprise AI projects successful, given their high rate of failure. Here are his key points:► Prioritize Projects: Focus on AI initiatives that align with your business goals and are feasible to implement.►Leadership and Culture: Make sure your company culture is open to AI, with leaders who grasp both the technical and commercial dimensions.►Scalable Systems: Develop an 'AI factory' to streamline and scale AI development.►Vendor Flexibility: When working with outside partners, don't lock yourself into one platform. Be ready to switch if necessary.►Trust: Ensure that AI systems are transparent, audit for bias, and establish clear lines of accountability for failures.Bojinov stresses that each stage of an AI project, from conception to ongoing management, needs expertise, adaptability, a receptive culture, and trust. With a well-thought-out strategy, companies can navigate typical challenges and harness