PE-CXO’s X-Factor interviews cast a spotlight on proven private equity-backed executives and the tools and tactics they leverage to create enterprise value across a variety of business challenges. Falcon partner Rob Huxtable recently sat down with President and COO Kurt Stein to discuss how middle-market businesses can leverage AI regardless of industry. Below are a few highlights from that discussion.

Executive: Kurt Stein, President and COO of DCT Strategy, an IT transformation consultancy with a specialized practice in artificial intelligence. 

Challenge: Understanding and implementing AI strategies, particularly in more mature, less tech-focused industries.

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Watch the full interview:

Huxtable: AI is on everybody’s mind. It’s being discussed from the boardroom to the kitchen table. What is the history of AI? 

Stein: AI has been used by businesses for a long time, but consumers weren’t aware of it. OpenAI, which is the company that owns ChatGPT, was first founded by Elon Musk and several others a fe...