Rolling out AI requires a total reimagining of existing business models.
You should be looking for butterflies—not faster caterpillars. The definition of transformation is exactly that—caterpillars becoming butterflies. Otherwise, you are not recognizing AI’s potential. As with the internet, it’s a once-in-a-generation opportunity to reimagine how you do business.
When it comes to implementation, there will always be a certain amount of experimentation, but many experiments fail because people think of AI as one monolithic thing. You need to break it into two steps.
First, establish what infrastructure you need, starting with your data. Is your data connected? Is it organized? Is it in a format that can be leveraged? AI is nothing but garbage-in, garbage-out otherwise. Establish the foundation, then second, pick one or two projects that will add real value.
Nigel Vaz.
