Making AI-ready Organizations – with Thomas H. Davenport and Laks Srinivasan

Podcast Notes

Thomas H. Davenport is a world-renowned thought leader and author on AI. He is the President’s Distinguished Professor of Information Technology and Management at Babson College.

Laks Srinivasan is a data and analytics executive and he is a co-founder and Managing Director at ROAI and former CEO of Opera Solutions (now ElectrifAI).

Tom and Laks explore with us how different forms of artificial intelligence might transform product teams at companies around the globe. In the second part of this episode, Tom and Laks offer concrete examples of companies that have created new business models powered by AI, as well as suggestions on what traditional organizations should look at when preparing to adopt artificial intelligence.

At Boundaryless we’re partnering with ROAI to explore the convergence between AI and Platforms, check out our research and services here: https://blss.io/ROAI

Key highlights

• AI is becoming pervasive in large organizations, but many are still struggling to get meaningful value out of it.
• Companies that “do AI” vs (digital native) “AI companies”
• Platform business models (as a form of ecosystem) are based on AI
• How AI could transform product teams
• The challenge with AI is multi-dimensional: involves organization, leadership, culture, data and technology.
• AI replaces tasks rather than entire jobs.
• Strategy-by-doing applies to AI: think big, start small, fail fast, and invest where things are working.
• Increased awareness among executives is needed to develop their intuition around AI.

Topics (chapters):

(00:00) Intro notes and welcoming of Thomas H. Davenport and Laks Srinivasan
(03:16) How AI is empowering organizations or challenging organizational models.
(08:11) AI as a matter of doctrine in organizations: yes or no?
(11:56) Platform business model (as a form of ecosystem) based on AI
(17:13) How AI could transform product teams
(24:50) Example of companies which have created new business models powered by AI
(33:40) What should traditional organizations look at when preparing to adopt AI?
(42:02) To integrate more AI into the process? Think big but start small.
(49:58) Thomas and Laks’ breadcrumbs

Recorded on 28 October 2022.

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Music

Music from Liosound / Walter Mobilio. Find his portfolio here: https://blss.io/Podcast-Music