What’s the biggest risk businesses face with AI adoption today?
Ali Jan
9 replies
AI comes with risks. What’s the biggest challenge or risk you think businesses should be mindful of?
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Eithiriel DeMerè | Language-Market Fit@nikkielizdemere
Every "value proposition" sounds the same. Not "the biggest risk", so to speak, but there are enough co-pilots to fill an entire plane, for ex.
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ethical and regulatory compliance is potentially the most significant risk. Here's why, AI regulations are still developing, with new laws and guidelines emerging frequently. This makes it challenging for businesses to stay compliant. Then Non-compliance can lead to hefty fines, legal issues, and severe reputational damage.
regulation and who regulates application of AI in various industry is still murky but EU is at the forefront of this with their AI Act https://artificialintelligenceac...
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The biggest risk, IMO, is not adapting to AI trends in internal operations.
AI can supercharge customer support, analytics, research, and copywriting. Ignoring that efficiency boost is the REAL danger.
@simonas_kauzonas I could not have said it better! We will also see a lot of improvements in major customer support and analytics tools.
The biggest risk is probably not having a clear strategy and use case for AI. Too many companies just jump on the AI bandwagon without really understanding how to leverage it to create real business value. AI isn't magic - you need to figure out where it fits into your workflows and processes to drive efficiencies or enable new capabilities. Without that, you risk wasting a lot of time and money on AI projects that don't deliver ROI.
The biggest risk is getting caught up in the AI hype without a clear strategy or understanding of how to effectively integrate it into your business processes. Many companies are rushing to adopt AI without properly assessing their needs, evaluating vendor solutions, considering ethical implications, and having a plan for change management. This can lead to failed implementations, wasted resources, and potential reputational damage. It's crucial to approach AI adoption thoughtfully and strategically.
I think over time, businesses heavily reliant on AI face losing an understanding of how the systems they rely on actually function due to black-boxing.