Create a center of excellence to maximize the ROI of AI investments

Create a center of excellence to maximize the ROI of AI investments

Unlocking AI’s Potential in Healthcare: A Strategic Approach

While investments in healthcare artificial intelligence (AI) solutions are increasing, many early adopters haven’t realized the expected return on investment (ROI). A recent report from McKinsey & Comany highlights this trend, stating that most healthcare organizations have achieved less than a third of the value anticipated from their technology transformation programs.

George Morris, Global Healthcare Chief Information Officer at Dell Technologies, attributes this disparity to a lack of strategic planning. He observes that many healthcare organizations select AI solutions based on single use cases rather than adopting a holistic and cohesive approach to implementation.

“Organizations that have successfully integrated AI have made investments that move them towards a mature platform and a robust maturity model,” Morris explains. Building a sustainable AI integration strategy requires a multi-pronged approach.

Driving Success Through Senior Leadership and Data Governance

One cornerstone of a successful AI strategy is securing buy-in and support from senior leadership. C-suite champions are essential for driving communications and overseeing change management across the organization. With dedicated guidance, hospitals and health systems can maximize AI investments, avoid duplicating efforts, and integrate AI seamlessly into existing workflows while simultaneously developing new use cases.

“The end goal is to invest in AI solutions that allow for iteration and scalability, ultimately delivering greater value across the entire organization,” Morris emphasizes.

Equally crucial is establishing strong data governance and management practices. Effective data governance ensures that data is clean, accessible, and relevant to the specific problem being addressed. This is paramount because AI’s ability to generate insights and drive decision-making hinges on the quality of the underlying data.

“Organizations need to ensure their data is ready,” Morris cautions. ”

Only then can AI truly unlock its potential to deliver valuable insights and enhance outcomes.”

Cultivating the Right Expertise for Long-Term Success

Traditional IT departments may not possess all the necessary skill sets to fully leverage AI. Upskilling the existing workforce or creating new, AI-focused positions becomes essential.

“Having the right resources in place – individuals with the expertise to implement AI projects, while also understanding its long-term evolution – is critical,” Morris states. “This forward-thinking approach ensures sustainable AI adoption.”

Building a viable AI ecosystem necessitates a continuous learning environment, empowering teams to adapt and grow with the evolving landscape of AI solutions.

Starting Small: A Phased Approach to AI Implementation

Morris advocates for a phased approach, encouraging healthcare organizations to begin their AI journey with small-scale, low-risk projects that clearly demonstrate value. Patient education and automating administrative tasks are excellent examples.

“This approach allows organizations to gradually incorporate AI into their workflows, showcasing tangible benefits while minimizing risk,” he recommends. “This evolutionary model eases adoption, fosters understanding, and paves the way for broader AI integration in the long run.”

It’s essential to resist the temptation to pursue large-scale, complex AI projects from the outset. Starting small allows organizations to refine their strategy, build expertise, and ultimately create a solid foundation for successful AI implementation.

The Power of Partnership in Navigating AI’s Evolution

Given the rapid pace of advancements in AI solutions, partnering with trusted experts becomes crucial. These partners provide invaluable guidance by leveraging their experience and staying ahead of evolving technologies. They help organizations build a sustainable AI ecosystem, fostering continuous improvement.

“Working with strategic partners allows organizations to tap into specialized knowledge and resources, ensuring they stay ahead of the curve,” Morris emphasizes.
“A collaborative approach encompassing people, processes, and proven tools is essential for deriving long-term value from AI investments.”

Building a successful AI strategy requires a multifaceted approach: strong leadership support, robust data management, a skilled workforce, and a phased approach to implementation. By embracing these key elements and leveraging the power of strategic partnerships, healthcare organizations can unlock the full potential of AI and transform into true centers of excellence.

Leave a Replay