By: Joel De Figueiredo

Three Steps to Help Prepare for the AI Revolution

The use and development of Artificial Intelligence (AI) is spreading rapidly across the globe and is beginning to have a vast impact in the Nordics. Although the benefits of AI are widely discussed, many organizations lack an understanding of exactly what AI is and how they can begin to use it. Put simply, AI is a branch of computer science that attempts to mimic human decision making. It finds patterns in data and predicts business failures, successes and other courses of actions. Organizations often claim that they have an awareness of what is required for the implementation but more often than not have little to no understanding of specifics such as data. There is a chasm between AI and industry players. This post aims to help you prepare for the AI Revolution and explains simply, three key steps that will ensure your AI implementation is successful.

1. Ensure you have Comprehensive Data

The use and development of Artificial Intelligence (AI) is spreading rapidly across the globe and is beginning to have a vast impact in the Nordics. Although the benefits of AI are widely discussed, many organizations lack an understanding of exactly what AI is and how they can begin to use it. Put simply, AI is a branch of computer science that attempts to mimic human decision making. It finds patterns in data and predicts business failures, successes and other courses of actions. Organizations often claim that they have an awareness of what is required for the implementation but more often than not have little to no understanding of specifics such as data. There is a chasm between AI and industry players. This post aims to help you prepare for the AI Revolution and explains simply, three key steps that will ensure your AI implementation is successful.

2. Establishing Successful Business Processes

AI works hard to streamline business processes by controlling complex steps in the workflow. If business processes are not well-established, implementing AI is likely to make the workflow more complex since the original process itself is complex to understand. More often than not AI takes control of repetitive operations but very rarely replaces an entire workflow. Spending time creating a workflow with only essential processes means that AI can streamline it even further, delivering effective and successful results. AI and employees work together to make business processes as smooth as possible.

3. Invest in AI professionals

Unlike other software, AI can’t be implemented and run simply, the algorithms used to run AI need to be trained. A variety of skills are required to train these algorithms such as developing understandings on how to build them, as well as collect and integrate relevant data into the process. A professional is trained in all of these skills and has the ability to monitor the implementation of AI. Investing money in employing these professionals is a long-term business performance investment and is vital in ensuring the success of AI implementation.

Preparing for the AI Revolution takes a significant amount of work. The three above steps, collecting comprehensive data, establishing successful processes and investing significantly in AI professional are the digital foundations for AI adoption. Without taking the time to perfect these steps, AI is an unrealistic and likely costly step for any organization.

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