With artificial intelligence taking center stage, business leaders across all industries are discussing – and considering – the implications of automation and personalization. The excitement levels have risen as more executives begin to see the opportunities that AI can bring when differentiating their offerings, personalizing their services, designing their products, and optimizing their operations.
With this interest comes the biggest question: How do we implement AI in a natural way, both for our people and our customers? A contextual understanding of AI and its relevance combined with a strong point of view and a good data science team (to execute on your vision) is only half of the battle.
The biggest, ongoing obstacle that executives face is their ability to architect a process for applying data intelligence to their business and decision making. Executives require a strategic approach in order to invest in the right AI projects.
Spanning cost reduction, increased efficiency, enhanced insights and customer engagement, and (new) business automation, the AI Value Pyramid is a set of guidelines for executives looking to invest in AI, but unsure where to start. Executives from across various industries can use these guidelines to explore opportunities for infusing AI into their own organizations.
Reduce costs by identifying recurring activities that can be automated using Machine Learning. This is the easiest way to infuse AI into your organization (and justify the investment).
In almost every large business, there are processes that require a human mind to take in data and perform a very simple, mental calculation. These simple tasks require various levels of human judgment and are not suitable for automation using traditional, hard-coded rules. Read more from information-management.com…
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