Artificial intelligence (AI) and related technologies are becoming increasingly mainstream business tools. If you're planning an AI implementation, beware of these potential pitfalls
Artificial intelligence (AI) and machine learning can be invaluable assets to business success. By implementing AI, businesses can automate hours’ worth of manual labor sifting through data to enable smarter and faster business decisions. However, automation and AI do not remove the need for human responsibility.
It’s important to follow best practices to ensure AI helps versus hurts your business. Here are five mistakes to avoid in leveraging AI to meet company goals.
1. Not identifying the correct use case
By now, many businesses realize the benefits of AI. In fact, if you don’t have automation somewhere in your company, you’re probably falling behind your competitors. According to a PwC study, 86 percent of respondents expect AI to become a ‘mainstream technology’ at their company in 2021.
Despite the proliferation of AI use, arbitrary attempts to implement AI for your business are ill-advised. It’s important to apply AI to the right use cases for the best outcomes. Instead of asking ‘Can I apply AI to this situation?’, ask ‘Am I applying the right AI to the right situation?’ AI implementation for certain business processes must ultimately be worth it in company time and resources. If AI is running incongruously with business goals, time and company resources will be wasted.
Continue reading: https://enterprisersproject.com/article/2022/5/5-artificial-intelligence-adoption-mistakes-avoid
Artificial intelligence (AI) and machine learning can be invaluable assets to business success. By implementing AI, businesses can automate hours’ worth of manual labor sifting through data to enable smarter and faster business decisions. However, automation and AI do not remove the need for human responsibility.
It’s important to follow best practices to ensure AI helps versus hurts your business. Here are five mistakes to avoid in leveraging AI to meet company goals.
1. Not identifying the correct use case
By now, many businesses realize the benefits of AI. In fact, if you don’t have automation somewhere in your company, you’re probably falling behind your competitors. According to a PwC study, 86 percent of respondents expect AI to become a ‘mainstream technology’ at their company in 2021.
Despite the proliferation of AI use, arbitrary attempts to implement AI for your business are ill-advised. It’s important to apply AI to the right use cases for the best outcomes. Instead of asking ‘Can I apply AI to this situation?’, ask ‘Am I applying the right AI to the right situation?’ AI implementation for certain business processes must ultimately be worth it in company time and resources. If AI is running incongruously with business goals, time and company resources will be wasted.
Continue reading: https://enterprisersproject.com/article/2022/5/5-artificial-intelligence-adoption-mistakes-avoid
