Insight is the new currency; and time-to-insights and the knowledge it provides is core to value creation and key to competitive advantage. In this context, Artificial Intelligence (AI) is poised to be the catalyst of business transformation and disruption in today’s digital economy. AI and ML can be used to extract new insights, transform decision making and enable improved business outcomes. Gartner predicts that by 2020 AI will be one of the top five investment priorities for more than 30% of CIOs globally.
Just about any company today needs a plan with respect to artificial intelligence.Identifying business cases for AI and overcoming issues related to understanding its implications on technology, business, workplace, and industry will help companies increase the adoption of AI.
AI initiatives should be allied to specific, well-defined opportunities and problems to have maximum impact. Significant investment is required in skills, processes and tools to successfully exploit AI’s true potential. The key areas that organization seeking to deploy AI should consider:
- Determine what AI means for your business
- Identify a clear business application
- Build a data culture for AI
- Make sure you have the right talent