23 January 2024
The pivot towards Activated Intelligence (A2I) is not just a trend but a strategic necessity for Australian businesses aiming to harness AI's full potential. This need is underscored by specific data points and trends that highlight the current state and challenges of AI adoption in Australia.
Research
indicates that a considerable portion of AI projects in Australia struggle to
move beyond the pilot stage. According to a 2021 report by McKinsey, only about
30% of Australian businesses have moved their AI pilots into widespread
adoption, which is below the global average. Several factors hinder the scaling
and enterprise-wide implementation of AI projects. Some of the key factors can
be categorised under the following headings (in no order):
·
Lack of human
centric approach
·
Gap between
expectation and implementation
·
Absence of
holistic AI vision
o Missing consideration of Governance and Ethics
o Unavailability of skillset
o Tech/Data constraints
Missing Human Element
AI
disrupts the existing processes, job roles and business models, which can cause
anxiety, fear and distrust among employees and stakeholders leading to
resistance/rejection of AI adoption. Uncertainty about the future roles,
expectations, skill requirement, training pathways to get the most of the new
AI capabilities etc. are the reason the AI adoption among general workers lags
well behind the executives. A framework like A2I with this emphasis on
human-centric AI design to augment human capability lays the foundation of how
to incorporate the human element in AI implementation.
Bridging the Implementation Gap
The
Australian Industry Group's report notes that while there is a strong appetite
for AI among Australian businesses, there is a gap in effective implementation.
This gap can be attributed to siloed operations and a lack of cohesive
strategy—areas where A2I can make a significant impact.
Boosting ROI Through AI
The
potential financial impact of AI on the Australian economy is substantial. A
report by PwC suggests that AI could contribute up to $15.7 trillion to the
global economy by 2030, with Australia standing to gain a significant share.
However, realizing this potential requires a focused, ROI-driven approach as
offered by A2I.
Governance and Ethical AI
In
the face of stringent Australian regulations, such as the Privacy Act and the
AI Ethics Framework, the governance of AI becomes crucial. The Australian
government's emphasis on responsible AI development and usage echoes the
security and governance pillars of the S3 framework integral to A2I.
Skills Challenge
There
is a pressing need for upskilling in the Australian workforce to keep pace with
AI developments. The RMIT Online and Deloitte Access Economics report that
there will be a demand for 156,000 new technology workers by 2025, highlighting
the importance of a human-centric approach to AI that includes education and
training as part of its strategy.
These
specific references to current research and statistics illustrate the
challenges faced by enterprises in getting the full benefits of AI. To overcome
these challenges and harness the full potential of AI solutions, enterprises
require a more comprehensive and effective framework like A2I that can steer
projects from inception to full-scale deployment. A2I, supported by the S3
framework, provides a practical and strategic pathway to align AI initiative
with business goals, regulatory requirements, and the Australian economic
context.
Join us in Week 3 as we explore
the importance of a Human-Centric Approach to AI
Pathway to Intelligence Continuum: Evolving from Quality Assurance to Assured AI
Transforming Retail with AI-Assisted Software Testing
Activating the Benefits of AI in Your Business: The S3 Framework
Data Hygiene: The Critical Launchpad for AI in Retail
Activating AI Across Retail’s Lifecycle
Taking a Problem-Based and ROI-Focused Approach to Activating AI
Starting the AI Journey with AI-Assisted Software Testing: A Pathway to Activated Intelligence
How Activated Intelligence overcomes the “AI Silo of Death”