What are the steps an organisation needs to take to prepare itself to leverage the power of big data?

Question

Changing the mindset: adopting an “abundance mentality” (and abandoning the scarcity mentality).
- “AI can solve all our problems” — except our “ego” and its consequences (e.g. injustice, power games), but pretty much everything else.
Abundance brought by AI:
- Data is infinitely reproducible, with very strong economies of scale.
  - With the same 5,000 AED PC you can check emails only — or in 5 days build a cross-sales system (based on pivot tables) bringing 1 million AED annual increase in sales.
- Even Pareto analysis alone (an Excel pivot table) can bring significant cost savings and revenue increases.
- Payback period: anywhere from a year to a single day — almost never more (as of 2018, UAE; maximum 1 year with smart procurement).
  - Real estate investment: max 12% annual ROI, at least 8-year payback.
  - AI investment: min 1% annual increase in profit, up to 30,000% annual ROI.
Consulting companies can offer zero-investment partnerships (as in energy).
Udemy & Kaggle have almost everything needed to build in-house competency over a year — under the supervision/mentorship of a good experienced data scientist.