Dan Kornick of Loews Hotels Highlights 98% of Companies Struggle to Monetize AI Beyond Pilot Projects
💻 In 2026, Dan Kornick, CIO of Loews Hotels, highlighted at the NYU IHIF conference that while 80% of companies use AI, less than 2% achieve significant financial returns. He coined the term "pilot purgatory" for those struggling to scale. BCG reports 74% face such challenges. Loews' approach integrates AI with human roles, enhancing efficiency in marketing, guest service, and back-office tasks. The focus is on labor efficiency and quality data, with a cautious strategy towards AI adoption and implementation costs.
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