The Critical AI Dilemma Every CEO Must Manage
- Jonathan S. Miller
- Mar 31
- 4 min read
Updated: 7 days ago
| The Age of AI is here - right now. Not tomorrow. Now.
In their May 2024 report "Winning with AI" Bain & Company said
“Computing power is advancing, and AI research and funding are exploding. AI capabilities are accelerating at a blistering pace and routinely outperforming humans on complex tasks. Innovators moving beyond AI experimentation are establishing themselves as leaders and they are already creating value.”
They conclude that the key to AI success is
· Do it Faster
· Do it Better
· Do it Cheaper
That was almost a year ago - that’s a full generation, maybe two, in AI timeframes and the pace is accelerating exponentially. AI is already helping companies to:
· Build a competitive advantage
· Dramatically lift productivity
· Repurpose employees
· Create new product & service offerings
· Slash go-to-market time
· Reduce wastage & redundancy of labor
· Create brand new industries
· And much, much more
| The Critical AI Dilemma for CEOs is this.
You know you have no choice. You must take advantage of AI. You know the train is leaving the station – or more accurately, the rocket is leaving the stratosphere. If you don’t jump on your competitors will – and you’ll be left behind. This is the Critical AI Dilemma.
BUT
Implementing AI in your company is a high return but often very high-risk endeavor.
It often requires a significant effort – one similar in scale to implementing an ERP or CRM, developing a new IT system, developing an online digital platform and other large, complex projects.
If you’re going to keep up with your competitors, you have to make it happen quickly.
But major projects like this have a high failure rate.
The Standish Group reports that less than 28% of such projects go live on schedule and on budget and deliver the key functionality they were approved on along with uncertain ROI.
More than 2/3 – 72% were late, over budget, and/or missing key functionality.
Almost 1/4 – 24.8% - failed completely and were abandoned.
| Risk Management
It’s a scary prospect. If you hesitate, you’re lost. If you’re late, you’re lost, particularly given the speed with which AI is changing. If you fail, you’re dead.
You need to manage your risk effectively and maximize your chance of succeeding - quickly. That’s where I may be able to help you.
I specialize in Project Rescue, Project Risk Management & Project Success Enablement. And the projects I work with have a 90% or more success rate.
I know that’s a preposterous claim – and yet it’s true. And I can provide clients who will back it up.
If you’re planning an AI implementation (and who isn’t) or you’ve started one and it’s struggling I may be able to help.
If you think this is worth a ten-minute conversation, reply to this email. That should be long enough to assess whether I’m talking through my hat or not.
Regards,
Jonathan
ps – I’m not.
Whether you have an existing AI initiative that is already in-flight or are contemplating launching a new AI solution, you may benefit from a free AI strategy review that strategically audits your AI strategy, approach, or solution to help proactively manage the process and risks described herein.
JS Miller Consulting, LLC was established in 2010 to provide best-in-class strategic management consulting in the field of emerging digital technologies like AI, SaaS, Mobile, Cloud, APIs, 3D/4D visualization, etc.
Jonathan S. Miller is the founder of JS Miller Consulting, LLC and has more than 30 years of experience in the business-technology space working in a wide variety of industries including startups, non-profits, and large global Fortune 100 companies with annual revenues between $16B to $27B.
CAPstone Strategy™ is Jonathan's proprietary framework that comprises more than 24+ best practice capabilities synthesized, developed and refined over a 30-year period. It was created and brought to market for the purpose of mitigating the problem of corporate annual worldwide losses well in excess of $1.2T annually worldwide (about 5% of US GDP) that result from failing technology projects. It represents Jonathan's passion, life work, value proposition, and industry contribution for elevating the success rate of complex mission-critical technology projects from the dismal worldwide average 28% to over 90% success. CAPstone Strategy represents an improvement of over 220% that has helped many companies save years and millions of dollars as well as facilitating as much in new revenue.
Success Stories: Some of Jonathan's most notable success stories that leveraged his CAPstone Strategy framework include saving a client $1M on the first day of a consulting engagement by spotting an issue in the system architecture. In 2020, Jonathan was able to help one client reduce their project portfolio by 87% saving years and millions of dollars. In 2008, Jonathan was the lead solution architect on a bankruptcy clearing project that helped a $1B airline emerge from Chapter 11 bankruptcy with a technology solution that generated an extra $70M annually, making the airline an acquisition target by another airline, thereby saving over 5,000 jobs.
Let's Chat: If you would like to meet with Jonathan to explore strategic options relating to your mission-critical emerging digital technology initiatives (AI, SaaS, IT related issues) you can book an appointment by clicking the button below.
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