The Executive's Guide to AI and Analytics: The Foundations of Execution and Success in the New World

Companies are failing to deliver on AI and analytics, with over half stating they are not yet treating data as a business asset. Seven out of 10 companies in a 2020 MIT study reported minimal or no impact from AI, and only about 25% of organizations have forged a data-driven culture. This is due to a lack of execution and lack of incorporating key components that align and enable execution of the business strategy to delivery. Scott Burk and Gary D. Miner's book provides unique insights into repairing the gaps that programs need to fill to provide value from analytics programs.

Format: Paperback / softback
Length: 122 pages
Publication date: 16 June 2022
Publisher: Taylor & Francis Ltd

The Problem: Companies are struggling to deliver on AI and analytics, with over half stating they are not yet treating data as a business asset. Over half admit that they are not competing on data and analytics. In a 2020 MIT study, seven out of 10 companies reported minimal or no impact from AI so far. Among the 90% of companies that have made some investment in AI, fewer than 2 out of 5 (40%) report business gains from AI in the past three years. Only about 25% of organizations have truly forged a data-driven culture.

Is Investment Lacking? No. Companies are now spending more than ever in data, analytics, and AI technologies.

Is it a Lack of Technology? No. There are fascinating breakthroughs occurring on all fronts, with image, voice, and streaming pattern recognition at the forefront.

Is it a Lack of Technical Talent? Not really. While some studies cite the need to train more data scientists, developers, and related professionals, the curve of demand by supply is dampening.

Is it a Lack of Creating an Executable Strategic Plan? Yes. While there has been a lot of strategic wishing, organizations lack meaningful strategic plans. Specifically, the development of executable strategies and the leadership to see these strategies brought to fruition. This is the problem.

Lack of Execution and Lack of Incorporating Key Components that Align and Enable Execution of the Business Strategy to Delivery is Killing AI and Analytics Programs.

Scott Burk and Gary D. Miner have written this book for executives at all levels who are charged with executing on analytics that need to address this issue. The book provides unique insights into repairing the gaps that programs need to fill to provide value from analytics programs. It complements their three-part series.

Weight: 260g
Dimension: 229 x 152 (mm)
ISBN-13: 9781032007946