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The potential economic impact of AI is staggering. Morgan Stanley forecasts a $4.1 trillion contribution to the global economy, highlighting AI's omnipresence across sectors—from procurement and HR to IT and development. With AI systems now touching every facet of enterprise and consumer lives, the challenge lies in deploying them effectively and responsibly.
The Reality of Deploying AI: The Gap and the Need for Strategy
Despite the enthusiasm, many organizations face frustrations. Studies indicate that roughly 66% of executives express dissatisfaction with their AI initiatives, often due to unmet expectations or misaligned outcomes. Several barriers include a lack of skilled personnel, fast-evolving technology, shifting priorities, and governance constraints.