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AI CENTER OF EXCELLENCE
As mainstream companies look to the future, there is a growing consensus that AI holds the key. With 93% of executives identifying artificial intelligence as the disruptive technology their company is investing in for the future, there appears to be common agreement that companies must leverage cognitive technologies to compete in an increasingly disruptive period. Investment in AI can be expected to increase as organizations position themselves to compete in the future. Those companies that prove themselves to be adept at developing and executing initiatives using big data and AI capabilities will likely be the companies that are best positioned to deflect the threats of agile, data-driven competitors in the decade ahead.
For any successful AI implementation, we have to build the whole skeleton first, called the “AI BUSINESS MODEL”. And then build the organizational business process one after another. That will complete the body of the organization in a balanced manner.
Implementation of AI program in a “Portfolio” mode is the only way that organizations will realize tangible business value from their AI investments. Companies are spending considerable sums on AI technology, and it should not be viewed exclusively as an experiment. It is only when companies step up to production status with AI that it will deliver ROI and productivity for their organizations.
A portfolio approach to AI Business Model adoption and implementation is best served through a “Center of Excellence mode” or a “Competency Center mode”
But “Competency Center mode” doesn’t have an integrated strategy and hence most of the times ends up in compartmentalized limitations unless the top management drives the whole program to its’ logical end. The 2nd limitations of the mode are difficulty in realising a truly integrated delivery network as internal coordination is truly difficult without centralized control.
Considering the above, most of the organisations have taken the “Center of Excellence” path. We strongly believe that this path will lead to successful adoption of AI Business Model in a phased manner.
We follow a very structured and well-planned, phased approach to adopt AI technologies and build an AI Business model through implementation and operationalization of an AI Center of Excellence that will enable you leap frog to the next generation innovations in drug discovery, achieving better operational efficient and manufacturing excellence, higher productivity..
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