Artificial Intelligence (AI) is quickly becoming an important buzzword in business today. Just like other technologies like Cloud and Blockchain, it is spoken of often and frequently with little true understanding of uses and applications. However, unlike many other buzzy technologies, AI actually has a huge set of potential applications. It actually is relevant to most industries and functions and it is rapidly permeating the market place. This fact makes it even more problematic that few people really understand how to apply artificial intelligence to strategic business problems.
So, let’s work together to clear a path through the haze of buzzwords and understand what a company has to do in order to develop a differentiated, valuable, AI application. At OpenMatters, we have worked with clients many times to develop AI applications to support better decision-making in key areas like capital allocation, leadership composition, and talent sourcing. We use the flowchart below to explain to our partners what the steps are from ideation to application.
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Source: IT Strategy