We comprehend how artificial intelligence can affect businesses, but where are the success stories? How can AI change the game? Adoption of AI is difficult, but we now live in a world where computational capacity is at an all-time high, connectivity is seamless, and data is the new bling.
To bring AI to life, emphasize the following points:
· Focus on the Why
Do not fall into the trap of simply following the trend without considering the "WHY" of artificial intelligence technology. Evaluate market opportunities, analyze your business challenges, and identify gaps, then see how AI can help you solve them.
· Align Your Teams and Culture
Building a culture that accepts defeat, makes course corrections, promotes skill development, and encourages collaboration is critical to the success of artificial intelligence (AI)initiatives. Your company's culture should also encourage everyone to participate in and contribute to AI initiatives.
· Educate on Building Blocks of AI
Another barrier to making AI dreams a reality is bridging the knowledge gap between business executives and data scientists. Business professionals are familiar with the commercial environment, but they are less familiar with how artificial intelligence (AI)can 0078address current challenges.
· Recognize the Vital Role of Data
The type and volume of data both contribute to AI prediction accuracy. Working with data accounts for 80% of the time spent on AI projects. Data access, cleaning, pre-processing, and normalization are all time-consuming tasks at the start of any AI initiative. However, when the right data is unavailable at the right time, data becomes a strategic issue.
· Enterprise AI Platform
Enterprise AI is a key enabler of digital transformation for businesses. An enterprise AI platform enables organizations to build and operate AI-based applications effectively and efficiently.
· Gearing Up for Success
Data and AI are currently driving a paradigm shift in which automation and data-based facts take precedence over opinions and probabilities are used to account for uncertainty.
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