From the course: Digital Strategy
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Harnessing AI for competitive advantage
From the course: Digital Strategy
Harnessing AI for competitive advantage
- Artificial intelligence algorithms learn from data. So, if you have data, you also have an opportunity to train and deploy AI to improve the quality of decisions. A warehouse with thousands of items, that's data. CT images of lungs, that's data. Messages on social media, that's data. What consumers buy in a supermarket, that's data. Data is everywhere and becoming more plentiful each day. Here are four guidelines to keep in mind as you develop a strategy to harness the power of AI for creating a competitive advantage for your own organization. First, start with one or two well-defined experiments to figure out how to train and deploy AI algorithms within your own organization. Figuring out the basics is important to avoid costly mistakes later on. Second, once you have figured out the basics, shift your attention to those aspects of the business where AI can yield the biggest competitive advantage. The value of deploying AI…
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