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KIROI - Artificial Intelligence Return on Invest
The AI strategy for decision-makers and managers

Business excellence for decision-makers & managers by and with Sanjay Sauldie

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

Start » KIROI Step 1: Sharing Knowledge – The Key to Successful AI Integration with a Customer Example from Mechanical Engineering
4 August 2024

KIROI Step 1: Sharing Knowledge – The Key to Successful AI Integration with a Customer Example from Mechanical Engineering

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In the digital age, the use of Artificial Intelligence (AI) has become a crucial competitive factor. However, the success of AI projects depends not only on the technology itself, but above all on how knowledge is shared within a company. This is where the first step of KIROI (Artificial Intelligence Return on Investment) Strategy an: „Share your knowledge.“

Customer example: ABC GmbH (name changed due to NDA agreements)

ABC Ltd, a medium-sized engineering company, faced the challenge of introducing AI to optimise their production processes. The first step was to establish a culture of knowledge sharing. The following measures were taken:

Stakeholder Identification

  • Within the departments: The IT department and production management were identified as key departments, as they are directly affected by the introduction of new technologies.
  • Interdisciplinary Teams: Additionally, employees from HR, finance, and sales were involved to ensure a holistic perspective.

Knowledge platforms and communication

  • Workshops and training courses Regular workshops were organised to inform all employees about the basics of AI and its potential benefits for the company.
  • Digital Platforms: An internal wiki and regular newsletters helped to disseminate information and best practices regarding AI.

Open discussion forums

  • Feedback culture Open discussion rounds and feedback sessions have been established to address employees' concerns and questions early on and to develop solutions together.

This example illustrates how essential knowledge sharing is to fully exploit the potential of AI. Use this approach to establish a successful AI strategy in your company as well.

Result:

Through active knowledge exchange, ABC GmbH was not only able to improve understanding of AI across the entire company but also increase the acceptance of new technologies. This led to the successful implementation of AI solutions that reduced production costs and increased efficiency.

The first step of the KIROI (Artificial Intelligence Return on Investment) Strategy shows how important it is to involve all relevant stakeholders early in the AI integration process and to create an open communication culture. Only in this way can it be ensured that AI projects are sustainable and successful.

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