📮 Maildrop 16.01.24: How can you ensure that your AI software is the one that fits your business?

The things to know about AI | Tools for the next generation of enterprises in the AI era

A large number of decision-makers believe that AI will substantially transform their businesses within the next few years. Yet, most AI projects encounter setbacks or fail.

Broadly speaking, AI can support three critical business needs: automating business processes (typically back-office administrative and financial activities), gaining insight through data analysis, and engaging with customers and employees.

To get the most out of AI, organizations must understand which technologies perform what types of tasks, create a prioritized portfolio of projects based on business needs, and develop plans to scale up across the business.

Adopting an incremental rather than a transformative approach to developing and implementing AI, and by focusing on augmenting rather than replacing human capabilities might bring strategy to life.