What Iteration Really Means with AI [AI Today Podcast]
Jul 12, 2024
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AI projects often fail due to small issues, not big problems. Continuous model iteration is crucial for AI success. The podcast emphasizes the significance of ongoing monitoring, retraining, and budgeting. It stresses the importance of a step-by-step approach, cognitive project management, and interdisciplinary team collaboration for AI project success.
AI projects fail due to neglecting continuous monitoring and improvement, not big problems.
Continuous model iteration and structured methodologies like CPMAI are crucial for AI project success.
Deep dives
The Importance of Continuous Monitoring and Iteration in AI Projects
In AI projects, the critical need for continuous monitoring and iteration is highlighted. Many projects fail due to neglecting ongoing maintenance and improvement. Organizations often fall into the trap of 'set it and forget it' mentality, which leads to a gradual decline in performance known as 'death by a thousand cuts.' Success in AI projects requires a commitment to regular model validation, data monitoring, and adjustment to account for changing data and evolving technologies.
The Evolution and Challenges of Model Monitoring in AI Systems
The evolution of AI technologies and tools presents challenges in model monitoring and maintenance. With the emergence of new AI capabilities like generative AI systems, models can quickly become outdated and ineffective. The podcast underscores the importance of continuous monitoring and adaptation to capture shifts in user behavior, data patterns, and technology advancements. The failure to invest in ongoing model iteration and monitoring can result in abrupt project failures.
The Role of Methodologies in Ensuring AI Project Success
Establishing structured methodologies like Cognitive Project Management for AI (CPMAI) is crucial for ensuring the success of AI projects. Having a step-by-step approach guides organizations in managing AI initiatives effectively. The podcast stresses the importance of investing in proven practices and methodologies to prevent project failures and maximize the impact of AI implementations. By following structured frameworks and methodologies, organizations can mitigate risks and drive successful AI projects.
AI projects aren’t dying because of big problems. Rather it’s the small things that are causing projects to fail. In this episode of AI Today hosts Kathleen Walch and Ron Schmelzer discuss what iteration really means for AI projects.
Continuous Model Iteration
We always say that AI projects are never set it and forget it.