Why Companies Are Already Abandoning LLMs

Think AI is about automating what you already do? That's the same mistake companies made moving to cloud, and FICO's Mike Trkay says you're about to waste millions proving it. Mike is Chief Information Officer (CIO) and Chief Customer Officer (CCO) at FICO, an analytics software company that processes billions of decisions per day and powers 80% of fraud detection. In this episode, Mike explains why 95% of AI projects never reach production, why companies are already repatriating workloads from large language models, and what really separates automation from transformation.   Chapters: 0:00 Introduction 1:23: Why FICO's CIO Is Also the Chief Customer Officer 4:52 The Office Space Problem: Why CIOs Are Really Translators   6:02 "Conduit in Chief" — The CIO's Real Job   6:45 How CIOs Accidentally Become Cost Centers 7:40 What FICO Actually Does (It's Not Just Credit Scores) 12:59 How Missile Guidance Tech Became Fraud Detection 17:59 When LLMs Can't Meet 150-Millisecond Latency 21:32 Why AI Strategy Is Harder Than It Looks 24:50 The Cloud Parallel: 5% Alignment and Why AI Projects Stall 27:08 "You're Just Doing a Bad Process Faster" 31:44 LLM Repatriation Is Already Happening 37:40 A FICO Score for AI Decisions 43:10 Global Regulation and Staying Ahead of Compliance 45:22 The Australian Banking Example: Focused Language Models in Practice 52:08 From Cost Center to Innovation Driver 54:40 What's Next: Agentic Architecture and Focused Sequence Models 57:49 "What's the Opportunity Today?" — The CIO Mindset Shift -- This episode of IT Visionaries is brought to you by Meter - the company building better networks. Businesses today are frustrated with outdated providers, rigid pricing, and fragmented tools. Meter changes that with a single integrated solution that covers everything wired, wireless, and even cellular networking. They design the hardware, write the firmware, build the software, and manage it all so your team doesn't have to.That means you get fast, secure, and scalable connectivity without the complexity of juggling multiple providers. Thanks to meter for sponsoring. Go to meter.com/itv to book a demo.---IT Visionaries is made by the team at Mission.org. Learn more about our media studio and network of podcasts at mission.org. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.