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Creating a successful AI program involves defining a clear vision and understanding the long-term business goal of the program. It's essential to identify the business need that the AI program will address to ensure the program's success. Prioritizing business value is crucial given the expense associated with AI initiatives. Additionally, important technical considerations include data availability, quality, volume, technical expertise, and feasibility.
Distinguishing between an AI program and an AI product is crucial in strategy development. An AI program involves the technical implementation of algorithms, including deep learning and machine learning. On the other hand, an AI product focuses on creating business solutions using AI for end users. Understanding the difference in phrasing helps in approaching the overall solution effectively and aligning with strategic goals.
Before embarking on an AI program, organizations need to consider ethical and legal implications. Questions about data privacy, compliance with regulations, and transparency in AI decision-making are paramount. It's vital to assess any potential legal or ethical concerns that may arise, especially in sensitive industries like healthcare, to ensure responsible and ethical use of AI technologies.
Building a successful AI program requires a cross-functional effort involving leadership, domain experts, data scientists, data engineers, and software engineers. Domain experts provide insights into specific problem domains, while technical experts implement the technical solutions. Involvement of stakeholders, clear success criteria, and interdisciplinary collaboration are essential for effective AI program execution.
Artificial intelligence technologies promise to revolutionize business and produce new sources of value. In order to make those promises a reality there is a substantial amount of strategy and investment required. Colleen Tartow has worked across all stages of the data lifecycle, and in this episode she shares her hard-earned wisdom about how to conduct an AI program for your organization.
The intro and outro music is from The Hug by The Freak Fandango Orchestra / CC BY-SA
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