70% of AI Projects Fail—Here's the Fix

Welcome to the Impact of AI: Explored podcast. In this episode James and Gerjon have a special guest: Ronni Holmvig Strøm - Co-founder @ Privateers (https://www.linkedin.com/in/ronniholmvigstrom/)In this episode, we discuss the impact of AI on business strategy and digital transformation. The discussion emphasizes the importance of design thinking in implementing AI solutions, the challenges of user adoption, and the need for organizations to identify concrete pain points to leverage AI effectively. The discussion also touches on the diminishing hype surrounding AI, the necessity for rapid experimentation, and the critical role of user trust in AI applications.Chapters00:00 Ronni's Background and Career Journey00:40 The Rise of AI in Business Strategy03:50 Design Thinking and Digital Disruption06:45 The Importance of Differentiation in AI Strategy10:03 AI Implementation Challenges and Insights13:00 The Hype Cycle of AI and Its Implications15:53 Conclusion and Future Considerations18:48 Navigating the AI Hype Curve21:22 The Importance of Design Thinking in AI24:51 Identifying Pain Points for AI Solutions27:54 User Adoption and Trust in AI30:47 Understanding AI Agents and Their Limitations36:55 Establishing a Robust AI Strategy44:56 Measuring Value and Iteration in AI ProjectsSupport the show