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Inside the successful make-up of ‘AI-first’ organisations
Journal of AI, Robotics & Workplace Automation,
3
(3),
16-25
(2024)
Abstract
The corporate adoption of artificial intelligence (AI) technologies has been rapid in recent years, but the stumbling block is how those investments translate into attractive returns. This paper provides a systematic analysis of key success factors tied to the total productivity gains generated by global companies out of their AI factory programmes. Successful AI transformation necessitates a multifaceted approach, encompassing strategic pivot, robust data and AI governance, augmented human capital programme and a commitment to innovation.
Keywords: artificial intelligence; corporate transformation; capabilities; strategic change; AI factory; total productivity growth
The full article is available to subscribers to the journal.
Author's Biography
Jacques Bughin Dr Jacques Bughin is currently Chief Executive Officer of Machaon Advisory, specialising in digital technology economics and top management consultancy. Previously, he was a senior partner at McKinsey & Co. and leader of the McKinsey Global Institute. He collaborates with multiple institutions, from the United Nations (UN), the Science and Technology Options Assessment (STOA) Board of the European Parliament to the Portulans Institute and the Accenture Research Board. He has been a professor of management practices and is now a senior adviser to private equity companies, Fortino Capital and Antler. He has published widely on technology and AI, in among others Sloan Management Review, Harvard Business Review, Technovation, Frontiers in Artificial Intelligence and European Business Review.
