What’s the BUZZ? — AI in Business
Prepare Your Business Teams For Generative AI (Guest: Bill Schmarzo)
Feb 19, 2024
Bill Schmarzo, Professor & Author, Dean of Big Data, provides valuable insight on preparing business teams for Generative AI. Key topics discussed include the importance of AI and data literacy, ways leaders can empower their teams in AI, key partners for AI Centers of Excellence, boosting organizational AI literacy, demanding transparency in AI-driven decisions, and applying a Socratic mindset when using Generative AI.
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Quick takeaways
- Data literacy involves understanding data usage and predictions, while AI literacy focuses on AI model workings and data manipulation.
- Effective AI implementation requires collaboration between business stakeholders and data science teams, emphasizing iterative learning and feedback loops.
Deep dives
The Importance of Data and AI Literacy
Bill Schmarzo emphasizes the importance of data and AI literacy in preparing businesses for AI integration. Data literacy involves understanding how data is captured and used to predict behavior. Analytics, statistics, and making informed decisions are all crucial aspects of data literacy. AI literacy, on the other hand, requires understanding how AI models work and how data can be used to influence and manipulate individuals. Schmarzo stresses the need for awareness in data and AI literacy, stating that individuals should always assume bad intentions and take steps to protect their data and privacy.
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