There has been tremendous hype about AI and Blockchain over the past year. The possibilities are huge and corporate leadership recognizes the opportunity. So there have been very large amounts of money going into prototypes and testing of potential applications.
However, recent data indicate that the extent of actual meaningful implementation is small. For example, a survey released by "MIT Sloan Management Review and Boston Consulting Group found that less than 5% of organizations have incorporated AI extensively into their processes." (Informationweek.com). The numbers for blockchain are similar.
The problem is that companies don't know where to use these technologies. Some are using the five forces model, which involves analyzing the power of suppliers and customers and the barriers that might exist to prevent customers from changing away from the company. It focuses on the strength of the competitive position of the company and facilitates the identification of the strengths and weaknesses of that position.
Learning how to make good use of these burgeoning technologies is proving to be difficult. However the lure of opportunity is powerful.
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