AI has exposed the biggest knowledge gap in business. Hint: it isn't technical

Of the expected $2.5 trillion that corporates are due to spend on AI this year, over $1 trillion is set to be allocated to IT services and dedicated software .

That is a huge chunk of change for a technology that many are still grappling with and trying to understand how it fits with their business, team, and procedures.

A few years since the ChatGPT-enabled revolution started, we’re beginning to see the different approaches and challenges businesses are facing when implementing AI.

Ford's recent decision to bring back experienced engineers after AI systems failed to catch manufacturing issues offers an important lesson for every business investing in AI.

At the same time, new research from Ramp and Revelio Labs, covering almost 22,000 US companies, found that organizations investing most heavily in AI are actually hiring more people, not fewer.

Together, these stories tell us something important.

Everyone assumed AI would reduce reliance on people, but instead we’re seeing companies discover how dependent AI is on experienced people.

AI may be changing how work gets done, but this alone isn't enough for growth and success.

AI is accelerating work, but experience still matters Earlier this year, Ford re-hired 350 veteran engineers after AI and automated systems failed to deliver quality work, demonstrating that employees are critical to a successful AI rollout.

It’s also interesting to see this reflected in Ramp and Revelio Labs’ research that organizations investing in AI are hiring more people.

Instead of neglecting hiring and skills development, companies increasingly need the right team members to help refine and improve sophisticated AI so that it performs better in the areas they need.

Success with AI still depends on understanding the skills people need to perform, at an individual, team and organizational level, then investing in development that reflects the realities of their work.

But before organizations can build those skills, they need to know where expertise already exists.

Too many businesses are sitting on critical knowledge without any clear view of who has it or where the gaps are.