Overcoming generative AI challenges at small and mid-size firms

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Generative Artificial Intelligence (GenAI) has captured our imagination in recent times. There is hardly any discussion of the future where GenAI is not part of it. However, GenAI is not a panacea. It comes with its own set of unique challenges to implement. These challenges are more pronounced at small and mid-size firms, where doing more with less is common. 

If you are part of small and mid-size company leadership, you will hear everyone at your organization talk about GenAI and expect you to implement it at a rate faster than heartbeat. Easier said than done, right! First thing which comes to mind, where shall we implement GenAI? What are the risks associated with it? What set of challenges we will face down the line? What will be the cost of implementation and return of investment (ROI)? Implementing GenAI right is the key to staying ahead and relevant for the next couple of decades. It is like any large change program in the organization with substantial rewards if done timely. 

Key challenges at small and mid-size firms

01

Prioritization

Which use cases to prioritize?

04

Talent Impact

AI will help to create opportunities in skill transformation that will improve the employee productivity and efficiency going forward. This will open new gates in AI expertise and data science.

02

Governance

What processes, control structures and key performance indicators (KPIs) do we put in place to govern and monitor GenAI?

05

Buy-In

Like any significant change in the company, having a buy-in at all levels is key.

03

Impact to existing or legacy systems

Key question will be whether to integrate or replace the existing systems?

06

Expertise

From where to source expertise to implement. Deciding between organic growth or external expertise is always a challenge.

Each challenge requires a carefully thought through strategy to overcome.  In our experience following strategies have helped the organizations:

Prioritization: Focus on small wins first. Do not overhaul systems or have multi months larger initiatives.  Just simple use cases where returns are evident. Also prioritize internal use cases first before customer facing ones. Human Resources queries or help desk chat bot for internal employee over for external customers. This will provide insights into what we will face while going external.

Prioritization
Governance

Governance: Run a Center of Excellence (CoE) and define an AI Program. Identify key stakeholders from various parts of the organization and make them part of the CoE.  Having a CoE provides visibility, clarity and governance structures to smoothly run the AI Program.

Existing Systems Impact: This is case by case. Some use cases may require integration vs. some may require replacing the older system. Some of the considerations are the degree of existing technical debt, cost of integration, cost to replace, and user training. If the degree of technical debt is less and implementing GenAI as a separate module is achievable, then always prefer Integration route.

Existing-Systems-Impact
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Talent Impact: Like any change program, it will impact the existing resources. Define new job descriptions which are required to run the new paradigm and train selected internal people for the job descriptions. Often, it is cost effective to train internal vs hiring new resources and removing outdated resources.

Buy-In: Use all available methods to communicate your intention and advantages of the program clearly and throughout the organization. Sceptics will be there, however focusing on small and familiar use cases will help build trust and buy-in. Having new job descriptions and available training will also provide a career path for employees and bring buy-in.

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Expertise: Engage a third party for expertise at the beginning and have them train your internal staff. Having a defined goal and intermediate milestones to transition the operations and ownership to internal teams is key.

How Tech Exponent System can help?

We at Tech Exponent System bring in the right expertise to help organizations implement GenAI. Our resources have seen similar challenges and provided much needed advice and expertise to move forward in a faster and meaningful way. We bring necessary practices, procedures, controls, dashboards and resources tailor made for your organization to help you succeed your GenAI implementation.

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The author is Om Parkash having two decades of experience in IT and software development

Om Parkash, Director, New Business Development

Tech Exponent System