Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >The trouble with putting AI to work – and how to do it
    Technology

    The Trouble With Putting AI to Work – and How to Do It

    Published by Jessica Weisman-Pitts

    Posted on October 12, 2022

    5 min read

    Last updated: February 3, 2026

    Add as preferred source on Google
    This image illustrates the integration of artificial intelligence in business operations, highlighting the challenges and solutions for effective AI implementation, relevant to the article's focus on AI in the workplace.
    Illustration of AI technology integration in business processes - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationtechnologyfinancial servicesArtificial IntelligenceData science

    By Collin Mechler, Director, Practice Areas, Domo, Inc

    Integrating artificial intelligence (AI) into any business comes with challenges. Any IT leader who has tried to integrate advanced technologies has most likely encountered numerous obstacles during the process of introducing AI, machine learning (ML), the internet of things (IoT) or data science into a functioning business. It is tough to know where to begin, let alone, how to make it all work.

    According to Gartner, just 8% of businesses have introduced an AI model into production. This fact demonstrates the trials and tribulations which come with the introduction process. However, breaking into the top 8% isn’t impossible. What’s more, because AI and ML have the potential to transform business, it’s worth persevering, learning from your own – and others’ mistakes – and making the effort to integrate it.

    Breaking the barriers to entry

    The process of integrating AI technology into businesses can be overwhelming, however, it is more achievable now than ever before. All you need to do is understand the process and what you want to achieve,then select the appropriate tools and methodologies to help you through the process.

    Choosing the right platform that addresses all the challenges of integrating AI and ML models into your organisation is integral in breaking those barriers. Data platforms which use AI, offer solutions which are designed to assist organisations to achieve business intelligence. Furthermore, they take into account the inefficiencies associated with the process of integrating AI which include: defining the problem, gathering data, developing the model, visualising the results, and deploying to production.

    This is achieved by fostering model management, democratising data exploration, embedding raw code into the data platform to align with current modelling processes, and automation testing and prototyping models.

    How AI impacts businesses and data

    Integrating AI into everyday business has a huge impact, especially when introduced thoroughly. It is important to analyse your current business needs and establish strategy-based goals in which introducing AI technologies would prove to be most beneficial. Once AI or ML processes are integrated into a business model, this strategy and the subsequent goals must be continually revised in order to ensure that you understand how AI is benefitting your business.

    It is important to understand that even if everyone is aware of the business problem, there is no guarantee that they are all impacted or are reacting in the same way. Business initiatives are rarely the same across every department, and it is important to consider the smaller, individual systems and tools in place which make overall processes difficult. AI provides businesses with the opportunity to target and automate difficult processes. The presence of AI ultimately relinquishes employees time and allows for maximum productivity efficiency levels. .

    Many businesses integrate AI technology into their enterprise models to improve various elements across the organisation – from operational costs, efficiency, growing revenue and making data-driven decisions. Deploying an AI model within your business provides a streamlined structure where you can manage your data more efficiently and ultimately make better and quicker decisions with it.

    The adoption of AI can be particularly helpful in allowing organisations to understand their data better, faster and more coherently. In increasingly digital times, it can be difficult to keep track of big data and analytics. This is an issue which can span over various aspects of a business including customer insights and IT efficiencies. AI and ML

    models can analyse data in real time, identify patterns as well as anomalies and communicate this in ways which are easy to understand. Ultimately, implementing AI and ML technologies have an overall positive impact on businesses and the types of data influencing everyday life and decisions.

    How modern BI factors in

    Modern BI is an important component that ties in with applying AI models within your company. The complexity and variety of available solutions places additional pressure on IT leaders to put the right kind of data at the fingertips of consumers, as the demand for faster decisions increases.

    For businesses, the main challenges of implementing an AI or ML model are: ● The unique steps of introduction depending on the needs of a business ● The alterations and business-wide change to internal systems

    • The necessary consideration of all teams across the business to ensure they are all aligned, once the AI system is introduced.

    Modern BI aids in overcoming these challenges by democratising data, putting real-time information into the hands of employees, facilitating innovation and allowing better decision-making processes Ultimately, achieving modern business intelligence allows organisations to solve complex problems more efficiently. With the help of AI and BI, you can streamline your business by accessing 100% of your data across your whole business.

    Author Bio:

    A specialist in large-scale digital transformations, Collin runs Domo’s Practice Areas, a group of deep industry and technology experts charged with the goal of providing stronger impact and value to Domo’s clientele. Collin is himself an expert in supply chain, retail, and manufacturing, specialising in the productionization of advanced tech (AI/ML, IoT, and data science).

    Prior to working for Domo, Collin ran one of two major business units at Element AI (now the AI division of ServiceNow), an AI enterprise tech think tank specialising in novel applications of deep learning and machine learning. Collin’s background also includes extended stints at Blue Yonder (nee JDA) and Accenture.

    Frequently Asked Questions about The trouble with putting AI to work – and how to do it

    1What is artificial intelligence?

    Artificial intelligence (AI) refers to the simulation of human intelligence in machines programmed to think and learn like humans. It encompasses various technologies, including machine learning and natural language processing.

    2
    What is machine learning?

    Machine learning is a subset of AI that enables systems to learn from data, identify patterns, and make decisions with minimal human intervention. It is widely used in data analysis and predictive modeling.

    3What is business intelligence?

    Business intelligence (BI) refers to technologies and strategies used by organizations to analyze business data. BI helps in making informed decisions by providing actionable insights from data analysis.

    4What is data science?

    Data science is an interdisciplinary field that uses scientific methods, algorithms, and systems to extract knowledge and insights from structured and unstructured data.

    5What is the internet of things (IoT)?

    The internet of things (IoT) refers to the network of physical devices connected to the internet, enabling them to collect and exchange data. IoT is used in various applications, including smart homes and industrial automation.

    More from Technology

    Explore more articles in the Technology category

    Image for Innovation Through Partnership: The Role of External Tech Teams
    Innovation Through Partnership: The Role of External Tech Teams
    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Image for Entrepreneurial Discipline in the AI Economy: Insights from Dmytro Lavryniuk
    Entrepreneurial Discipline in the AI Economy: Insights From Dmytro Lavryniuk
    Image for Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Image for Call for Entries: Best Digital Wallet 2026
    Call for Entries: Best Digital Wallet 2026
    View All Technology Posts
    Previous Technology PostWork Smarter, Not Harder: How a Dap Can Boost Employee Productivity
    Next Technology PostFormer Ideal World Boss Steve Hubbard Promises Global ‘retail Revolution’ at Video Commerce Platform