Dr Michael G Kollo says only a few exceptional AI projects need to succeed, urging bold bets, stronger governance, and a rethink of work.

In this interview with ADAPT’s Head of Programs & Value Engagement Byron Connolly, Dr Kollo explains why bold bets are essential for meaningful returns.

“Maybe there’s 10 or 15 of these projects, and if two or three of them work out, that’s a huge payoff for the company,” he says.

Dr Kollo warns that many enterprises default to low-value proof-of-concepts, taking on the risks of AI without aiming for the kinds of returns that justify them.

Success, he says, is when AI tools are deployed, scalable within the allocated time, and actively used.

 

Questioning technology’s decision-making value

Dr Kollo challenges the assumption that more technology or data always improves decisions.

“Technology is very good at making you feel powerful… but does that lead to better decision-making? No.”

He cautions that large language models often agree with users, creating a “feel good” effect without real economic value.

 

Healthcare showing real promise

He sees healthcare as a sector where AI can deliver immediate human benefit, citing Microsoft’s AI Diagnostic Orchestrator as being “four times more successful in diagnosing complex conditions than human doctors.”

He advocates a tiered diagnostic approach where AI handles initial cases, supported by human oversight for complex needs.

Insurance against AI errors, he says, could unlock broader adoption.

 

Reshaping the future of work

Dr Kollo predicts AI will impact white-collar jobs much like machines transformed factories.

“Overall, there will just be a different system to produce that service or goods… there needs to be a rethink about a lot of these production processes.”

Read our deeper breakdown of his perspectives on AI strategy and its broader implications.

Contributors
Dr. Michael G. Kollo Director of AI at ADAPT
Dr. Michael G. Kollo is recognised as an accomplished executive leader and educator within the realm of artificial intelligence’s significance in business... More

Dr. Michael G. Kollo is recognised as an accomplished executive leader and educator within the realm of artificial intelligence’s significance in business strategy and product development across various sectors including financial services, technology, and public services. Holding a portfolio of leadership roles, Michael has contributed his expertise to renowned institutional investors such as Blackrock, Fidelity, Renaissance Asset Management, Axa Investment Managers, and HESTA. Additionally, he served as a non-executive director for Clime Investment Managers, an ASX-listed entity.

In the entrepreneurial sphere, Michael has been involved with AI and software companies, notably as a key figure at Faethm Pty, an Australian AI software company that was acquired by Pearsons in 2021, and at the Blockchain company Clanz. Beyond entrepreneurship, he actively participates in mentoring and supporting fintech and cybertech startup ecosystems in London and Australia.

In the realm of academia, Michael boasts a PhD in Finance from the London School of Economics, coupled with extensive lecturing experience at esteemed institutions such as the LSE and Imperial College. He has also been invited as a speaker at TedX events, focusing on the responsible utilisation of AI. With publications addressing machine learning’s application in investment management and contributions to the World Economic Forum’s AI/Fintech panel, Michael’s expertise is widely recognised. Moreover, he has cultivated a global audience through educational podcasts like “Curious Quant.”

As well as Director of AI at ADAPT, Michael is also the CEO of Evolved AI, a distinguished executive education and software development firm dedicated to empowering individuals through effective and responsible AI usage, thereby fostering resilient, transparent, and rapidly evolving enterprises.

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Byron Connolly Head of Programs & Value Engagement at ADAPT
Byron Connolly is a highly experienced technology and business journalist, editor, corporate writer, and event producer, and ADAPT’s Head of Programs and... More

Byron Connolly is a highly experienced technology and business journalist, editor, corporate writer, and event producer, and ADAPT’s Head of Programs and Value Engagement.

Prior to joining Adapt, he was the editor-in-chief at CIO Australia and associate editor at CSO Australia. He also created and led the well-known CIO50 awards program in Australia and The CIO Show podcast.

As the Head of Programs, Byron creates valuable insights for ADAPT’s community of senior technology and business professionals, helping them reach their organisational and professional goals. With over 25 years of experience, he has a passion for uncovering stories about the careers and personal philosophies of Australia’s top technology and digital executives.

When he is not working, Byron enjoys hot yoga, swimming, running, and spending time with his family.

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