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Council Post: Crafting an Effective AI Strategy: Moving Beyond the Hype to Real-World Impact

At the heart of a successful AI strategy is a clear focus on the "why" rather than the "how."
Artificial Intelligence (AI) is being considered as the next great technological revolution, with the potential to transform industries, boost productivity, and create significant economic value. While AI has indeed driven substantial growth, with major tech companies heavily investing in AI technologies, recent market fluctuations have shown that the impact is complex and multifaceted.  One important question we need to consider is whether we are truly seeing the impact of AI materialize, or are we still lost in the hype? The Reality Check: Is AI Delivering on Its Promise? Despite the excitement surrounding AI, actual adoption rates remain surprisingly low. According to recent data, 25% of U.S. companies are using AI, and 43% are exploring its potential applications. However, m
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Rajvir Madan
Rajvir Madan, a dynamic leader with nearly a decade of pharmaceutical industry experience, transitioned from senior roles in the cosmetics sector, driven by a passion for advancing life sciences through data, analytics, and technology. Now serving as SVP and Chief Digital and Information Technology Officer at a leading medical dermatology company, Rajvir is focused on driving impactful change in healthcare. With global experience at major pharmaceutical firms, Rajvir’s expertise in technology and analytics is complemented by his dedication to equity and inclusion. He actively supports initiatives like the IAmRemarkable campaign, empowering underrepresented groups and women in the workplace.
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