In an interview with Byron Connolly, Head of Programs & Value Engagement at ADAPT, Dr. Michael Kollo, CEO of Evolved.AI, delves into the impact of generative AI across industries, particularly focusing on its pivotal role in the second wave of AI. 

The Role of Generative AI in Modern Enterprises  

With Dr. Kollo at its helm, is at the forefront of leveraging generative AI technologies. The organisation assists companies in maximising the benefits of generative AI, from executive workshops to developing custom software solutions.  

Dr. Kollo’s insights shed light on the adoption trends in 2023 and the expected deeper integration in 2024.  

In 2023, many enterprises experimented with these tools, and 2024 marks a year of deeper integration and scaling.  

The effectiveness of generative AI tools, particularly in language applications such as document creation, reporting, and customer service, varies significantly among industries.  

For some, these tools have become a top priority, necessary for staying competitive, while others view them as productivity enhancers. 

 

The Industry Landscape and Adoption Challenges  

Interestingly, Dr. Kollo observed that small to mid-sized companies have been more agile in adopting and experimenting with generative AI, particularly in financial services.  

Larger companies, like CBA, are integrating these tools into their existing AI frameworks.  

However, challenges persist, including the need for careful deployment, understanding limitations, and regulatory uncertainties. 

 

Understanding and Utilising AI Effectively  

One of the key insights from Dr. Kollo is the importance of understanding the capabilities and limitations of AI.  

There is a tendency to overestimate its potential, leading to unrealistic expectations.  

He advocates for a pragmatic approach, focusing on AI as a tool for specific tasks like communication and report writing, rather than an all-encompassing solution. 

 

Who Should Drive AI Adoption?  

Dr. Kollo addresses the crucial decision of AI adoption ownership within organisations.  

He suggests a balanced approach where technical support and governance may be centralised, but the economic value and application of AI should be directed by business owners, ensuring alignment with business goals. 

Dr. Kollo joins 150 CIOs and IT leaders at CIO Edge, discussing How to Prioritise and Lead a Progressive Technology Strategy. 

Contributors
Byron Connolly Head of Programs & Value Engagement at ADAPT
Byron is a highly experienced technology and business journalist, editor, corporate writer, and event producer.​ Prior to joining ADAPT, he was the... More

Byron is a highly experienced technology and business journalist, editor, corporate writer, and event producer.​

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.​

Byron creates valuable insights for our community of senior technology and business professionals that help them reach their organisational and professional goals. 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. He completed the North Face 100km ultra marathon in the NSW Blue Mountains in 2012 and 2013.​

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Dr. Michael G. Kollo CEO at Evolved.AI
I am the CEO of Evolved Reasoning, a Generative AI – based company that provides education materials for conferences, workshops and presentations... More

I am the CEO of Evolved Reasoning, a Generative AI – based company that provides education materials for conferences, workshops and presentations for executive business leaders looking to understand, trust and deploy artificial intelligence solutions, especially Generative AI models like ChatGPT in their businesses.

With offer a pragmatic business lens on what is otherwise a deep experience set in the algorithmic component and capabilities of complex AI systems. My co-founder and I are both experienced technical business leaders, and we love working with organisations at all levels of competence. In fact, we really enjoy bringing high performing executive teams on the AI journey from a business strategy perspective.

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