On the other hand, the CEOs and boards to which they report expect to realize immediate benefits, including increased speed, efficiency and quality.Faced with the realities of change management and pressure to demonstrate value, digital transformation leaders must negotiate a solution that allows them to pursue long-term objectives while also demonstrating near-term value.
The reason why boils down to a single word: scalability. Or rather, lack thereof, as only 20% of companies say they have adopted one or more AI-related technologies at scale or in a core part of their business, according to McKinsey, which says only 30% of “Industry 4.0” pilots end up reaching scale across the entire organization.
Workers and consumers alike are most comfortable with automation when there is still a human in the loop. Consider autonomous vehicles, for example. Although most drivers are comfortable with some autonomous features—automatic breaking, for example, and adaptive cruise control—few are comfortable with full autonomy wherein the car drives completely free of human intervention.
Therefore, if your organization is unable to determine existing products and processes that might benefit from automation, it might make sense to ideate new ones.
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