E16 Matt Fornito, CEO AI Advisory Group on AI-driven organizations, ROI, Leadership & Education

Matt Fornito is CEO of The AI Advisory Group, former CDO, Head of Data and Data Scientist.

In this podcast with Karl Ivo Sokolov, Matt discusses the importance of trust in data and AI models in the workplace, the challenges of AI adoption in large organizations, the importance of the CEO in data & AI, the challenges of short-term thinking in publicly traded companies. Beyond technology, Matt highlights the significance of people and process and the need for a compelling, optimistic vision of the future such that AI is used as a tool to enhance human experiences and capabilities.

Takeaways

Publicly traded companies face challenges in balancing short-term financial goals with long-term investments in AI and employee growth.
Trust in data and AI models is crucial for successful AI implementation in the workplace.
Low adoption rates and failed AI initiatives are often due to a lack of trust in the data and models.
ROI and return on employee (ROE) should be the focus when implementing AI.
Leadership alignment, education, and process automation are key factors in successful AI integration.
Automation and AI will automate a significant amount of work, and organizations need to decide whether they want to be the ones automating or be left behind.
Leadership, especially the CEO, plays a crucial role in driving change and creating a data-driven culture within the organization.
Education and upskilling are essential for successfully implementing AI and automation.
AI has the potential to enhance human experiences and create a more productive and fulfilling work-life balance.