Why GenAI Pilots Need Both Strategy and Execution
In the post, I shared 5 proven strategic frameworks to apply to find high-ROI AI opportunities.
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In the post, I shared 5 proven strategic frameworks to apply to find high-ROI AI opportunities. https://lnkd.in/gFE4Wb99
It sparked some interesting discussions.
One reader posited that: Many of the companies experiencing this failure to realize value from Gen AI are already using one of these and have been for some time. A nontrivial proportion of them are either customers of strategy consultants or former strategy consultants themselves.
Another commenter posed a question: What’s the most common reason you see teams still end up in that 95% even when they use these approaches?
These comments offered another interesting perspective.
For a business transformation (and many other initiatives) to succeed, we need both: Great strategy + great execution.
Execution without strategy is like driving randomly without a direction. Chances are, you won’t reach your destination as you don’t have one.
Strategy with poor execution is like putting a reckless driver in the driver’s seat. Chances are, you will crash before reaching your destination.
Some companies fail due to a lack of strategy. Some companies fail due to poor execution and implementation.
A deeper problem in execution is choosing the wrong vendor because executives don’t fully understand what a good solution looks like.
Even with great strategy and great execution, some would still fail in adoption due to a lack of change management.
The conclusion? You need to look at your AI transformation holistically from end-to-end.
That is the reason we created the 5I framework of AI transformation in Business Plus AI.
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The 5I Framework
Inspire:
See what good use cases and solutions actually look like → Understand the landscape → Learn from best practices → Get inspired by real examples
Ideate:
Use strategic frameworks to find high-ROI opportunities → Theory of Constraints → ICE Scoring → Three Horizons → Cost-Benefit Matrix
Implement:
Apply human-centered design in developing your solutions → User research → Design thinking → Prototyping → User testing
Integrate:
Apply change management to actively push adoption → Communication → Training → Incentives → Progress tracking
Iterate:
Review and improve – business transformation is a journey, not a sprint → Measure results → Continuous improvement → Adjust strategy → Scale success
#AITransformation #BusinessTransformation #GenAI #DigitalTransformation #AI
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