The global executive suite has invested an estimated $30 billion to $40 billion in Generative AI (GenAI) initiatives. Yet, a staggering majority of these investments are failing to yield a measurable financial impact. The widespread failure to convert this capital expenditure into shareholder value signals a profound strategic misstep. The core issue? Treating AI as a standalone technological novelty, a shiny new chatbot , rather than a fundamental amplifier of exis

The pervasive notion that sophisticated Artificial Intelligence (AI) systems, particularly predictive models and large language models (LLMs), operate under a regime of continuous, autonomous self-improvement is one of the most persistent and potentially damaging misconceptions in contemporary technology discourse. This belief, often propagated through media narratives and science fiction precedents like Recursive Self-Improvement (RSI), a concept involving a system autonomou

The recent reversal of the Commonwealth Bank of Australia's (CBA) AI-driven job cuts serves as a powerful cautionary tale for every business leader navigating the era of artificial intelligence (AI). CBA's initial decision to slash 45 customer service jobs and replace them with an AI-powered voice bot was a move rooted in outdated, Industrial-era management philosophies. This approach, focused on headcount reduction and operational cost-cutting, proved to be a strategic fai

As CDAO Melbourne marks its 10th anniversary with the 2024 conference, it’s an opportune moment to reflect on a decade of transformative evolution in Melbourne’s data and analytics landscape. As a regular participant, I have witnessed firsthand the remarkable progress. This article analyses my observations over the years, aiming to assess the evolution, identify the challenges for large-scale adoption, and develop a practical strategy to address the identified issues. A refle

In the ever-expanding realm of generative artificial intelligence (AI), the term "prompt engineering" is ascending to the forefront, capturing the attention of professionals and scholars alike. As this emerging discipline gains traction in various job listings and educational programs, an intriguing question arises: What transformative value do prompt engineers bring to this dynamic field? Originally published at LinkedIn Pulse on 22 July 2023. Photo by cottonbro studio from