Our CEO, John Clancy was joined by Declan Foster, esteemed author of Humology: How to Put Humans Back at the Heart of Technology and CEO of Project Pal AI to discuss the incredible impact AI is having within Project Management.
The Challenges of Unstructured Data
The conversation kicked off with John highlighting the struggle that project managers face in delivering successful projects. From managing resources and deadlines to ensuring customer satisfaction, the role of a project manager is multifaceted and demanding. However, with the advent of Artificial Intelligence (AI), Project Management practices are undergoing a significant transformation.
One of the key challenges highlighted in the webinar was the issue of unstructured data. Unlike structured data which is neatly organised and categorised, unstructured data comprises various file types such as PDFs, images, sensors, and more. This poses difficulties in storage, searchability, and analysis within project management settings. In fact, an astonishing 90% of the world’s data falls into this category. John emphasised that addressing this challenge is crucial for organisations looking to leverage AI in their project management processes.
Considerable focus was placed on the transformative impact of AI in revolutionising project management practices. By harnessing AI-driven solutions, project managers gain access to invaluable insights and predictive capabilities. This enhancement facilitates improved project delivery and heightened customer satisfaction by enabling proactive intervention. With AI-powered tools at their disposal, project managers can make informed decisions based on real-time data analysis and predictive modelling.
Be a Data-Forward Organisation
To fully embrace AI’s potential in project management, organisations need to adopt a data-forward approach. This involves integrating AI into organisational workflows and leveraging AI-powered dashboards for optimised decision-making and operational efficiency. John stressed that organisations should proactively invest in building their AI capabilities to stay ahead in today’s competitive landscape.
How to ensure successful AI deployment
Some practical guidance was offered to those embarking on their AI journey. Declan recommends that utilising established AI maturity models can help organisations assess their current state and identify areas for improvement.
Furthermore, establishing robust governance frameworks is crucial to ensure ethical and responsible AI implementation. Declan also stressed the importance of educating teams about AI’s capabilities and that providing ongoing training and support is essential for successful adoption within an organisation.
Understanding the investment
When it came to the Q&A, concerns around the cost of AI implementation and timelines were also addressed. John emphasised that while there are initial costs associated with AI implementation, the long-term benefits far outweigh them. He states that a strategic approach, backed by continuous refinement, is necessary to fully leverage AI’s potential in project management.
The webinar concluded on a very optimistic note. Declan and John see AI as a driving force for progress in Project Management. They believe that by embracing AI-driven solutions, organisations can empower their teams to handle challenges more effectively and ensure project success.
Both speakers emphasised AI’s huge potential in reshaping project management methods. By harnessing insights from unstructured data, offering predictive analysis, and aiding proactive decision-making, AI brings substantial benefits to organisations aiming for better efficiency and project outcomes. Embracing a data-centric approach and investing in AI capabilities can pave the way for seamlessly integrating AI into project management workflows. As we look towards the future, it is clear that embracing AI will be key to staying competitive in an ever-evolving business landscape.
You can watch the webinar in full here.