If AI capabilities double in the next two years (a reasonable assumption), the potential value AI can bring to businesses will grow significantly.

So, the question is: Are you well-positioned for this future? If not, what should you be doing differently?

Assess your readiness by answering these questions on a scale of 1 to 5, where 1 means "Not at all" and 5 means "Completely."

Are your processes defined and documented with widely accessible language to discuss notable business events as they happen?
Do you understand how data flows through your business?
Is your data accessible?
Can you quickly deploy AI-powered applications and integrate them with your current processes?
Are your employees at least in tune with basic AI skills like large language model (LLM) prompting?

Now that you know where you currently stand, let's discuss how you can better position your business.

Steps to Better Position Your Business for AI

Process Definition

Ensure your business processes are clearly defined and documented. This clarity will drive AI adoption, ensuring AI solutions flow seamlessly within the context of legacy workflows and decision points.

Understand Data Flow

Understand how data flows through your organisation—its origin, movement, storage, and uses. This knowledge is crucial for understanding how AI will add value and ensuring the right data gets to AI solutions at the right time.

Data Accessibility

Make your data accessible by having the proper infrastructure and policies in place without compromising security or privacy. This will shorten deployment times and increase the effectiveness of AI. Remember, AI often relies on accompanying tools to operate. For example, an AI tool that helps predict ideal stock levels will be more effective if it has current stock level data readily accessible.

AI Deployment

Develop the ability to deploy AI-powered applications quickly and integrate them with existing processes. This agility will enable you to respond rapidly to new opportunities or challenges with AI solutions. This means thinking through what an AI infrastructure is to your organisation and how employees access it.

Employee Skills

Ensure your employees have at least basic AI skills, such as formulating effective prompts for large language models. Basic AI literacy will allow them to engage meaningfully with AI tools and assist in developing and deploying AI.

Stay Ahead with AI: Prepare Now for Future Success

Success is where preparation and opportunity meet.

Understanding and improving your readiness for AI is crucial. Following the steps outlined above helps you understand and improve your AI readiness.

Best of all, even if the most optimistic AI predictions do not come to pass, the steps outlined above will still lead to a robust and more resilient business.

Interested in discussing more? Click here to schedule a call.