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Wednesday, February 16, 2022

Examples of AI as Business Imperative

Examples of AI in action:

Your AI strategy’s secret ingredient,  by 7wData

AI is increasingly becoming a business imperative. Nine in 10 Fortune 1000 companies are not only investing in AI, but are increasing those investments, with 92% reporting measurable business benefits from their current AI use — up from 72% in 2020 and just 28% in 2018, according to a 2022 NewVantage Partners executive survey.

Still, only 26% of companies say their AI initiatives have actually moved into widespread production. The biggest obstacle? Cultural barriers, with executives 11 times more likely to say culture is the greatest impediment to AI success than to cite technology limitations as the biggest barrier.

And the cultural challenges have actually gotten worse, with 92% of executives citing cultural factors this year vs. 81% in 2018.

The upshot? Companies are finding that the key to successfully operationalizing AI comes down to people, and putting them at the center of their initiatives.

When Michael DiMascola, safety business partner at Herr’s Foods, wanted to reduce accidents for its delivery trucks, the first thought was to install surveillance cameras to watch drivers.

The Pennsylvania-based maker of potato chips, cheese curls, and other snacks operates a fleet of 640 vehicles to distribute products in the eastern United States and Canada, and drivers already had a bad taste in their mouths from a previous attempt to install cameras in their cabs.

“The stigma was that Big Brother was watching,” DiMascola says. “And they lit up like a Christmas tree when an event happened, so it was more of a distraction.”

If the problem is that drivers are too distracted, then adding yet another distraction isn’t going to help, he concluded. Plus, the old cameras only triggered after something bad happened, such as a collision or sudden braking or acceleration. “We needed to get ahead of those events,” says DiMascola, who saw distracted driving as a top priority to address. .... ' 

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