The unleashed potential of artificial intelligence got in the hair of many company leaders who have not yet implemented it. A couple of years ago, if CEOs wondered when they would implement this technology, now they are wondering how they can accelerate this process.
Successful cases of using artificial intelligence are enough for companies that have not yet implemented it to start panicking and hastily trying to speed up the implementation process. Top managers of many companies are afraid that if the introduction of artificial intelligence does not happen soon in their companies, they will fail miserably and hastily leave the competition.
Companies are adopting this innovative solution because of the following benefits:
- Time and efficiency
- Revenue and growth
- Capital savings
The algorithms make it easy for companies to optimize supply chains, predict customer behavior, determine purchasing patterns, provide a unique experience for each customer, and much more.
However, not all companies are sure that this solution is ideal for them, as some implementation moments remain intimidating. For example, many are interested in issues of implementation cost, potential opportunities, customization of settings, as well as data privacy issues.
If you know that this is the ideal solution for your company and you would like to speed up this process, then we will give you tips on how to do it.
Obtain the Support of the Executive
For many companies, the implementation of artificial intelligence is not a top task. It is just one of many others. Thus, the following barriers often stand in the way of AI implementation:
- Knowledge and aptitude
- Immaturity of the technology
- Lack of motivation from top management
Ironically, the lack of relevant knowledge and motivation from top management is becoming one of the biggest stumbling blocks for many companies. According to many studies, participants whose firms have adopted the technology rated the motivation and support of senior management significantly higher than employees of companies that have not adopted it.
In such an endeavor, having a business leader who can lead the team is a solid foundation. In addition, the technology implementation team should consist of employees who can deal with tasks in various aspects.
The team should consist of professionals from different fields of knowledge who will responsibly approach the fulfillment of the assigned tasks. The project manager must monitor the smooth execution of tasks and not be afraid to change specialists who slow everything down.
Productive communication is essential for a flawless implementation process, as well as the presence of a unified environment, which can be an AI cloud platform created for continuous optimization throughout the life cycle of AI.
Clearly define cases of use
This technology is not magic or sorcery. It is a way to quickly understand patterns and behavior to get more accurate results and make predictions. The essence of using this technology is that you clearly understand why you need it.
With accurate and clear indicators, artificial intelligence can find solutions to your problem in the shortest possible time. On the other hand, if you do not understand what your problems and needs are, then this technology will simply be useless.
This problem is one of the most common reasons why artificial intelligence projects lack success in some companies. To prevent this from happening in your company, you should first define specific use cases.
Analyze and Improve Your AI Deployment Approach
In each company, the process of deploying this technology has its challenges. The one thing that all companies have in common in this endeavor is that they should not focus exclusively on the outcomes of success or failure. Here it is important to constantly analyze the implementation process and make adjustments so that this technology works for the benefit of your company and not at a loss.
Thus, it becomes clear that the process of deploying this technology can become a long and laborious process. However, if you are interested in getting a successful result in the long run, then you will analyze and improve your approach until you see that this solution becomes workable for you.
For example, if the end product you want is an AI-based chatbot to communicate with customers, then you need to be sure that customers will receive comprehensive answers to their questions and fully go through the entire communication stage without any delays.
Set Data Delivery Priorities and Expand Your Data Sources
The result of the work of artificial intelligence depends on what data you feed it. If you use low-quality information when training models, then you will get the same result. Not only will the results be biased, but they will also be inaccurate.
On the other hand, if the data being fed is of high quality, then the results will be the same. It is, for this reason, that early on you need to take care to invest in quality data collection, its transformation, and structuring. This is important as these results will have a huge impact on your other workflows.
Beyond that, in the long run, you will need to take care to continually expand your data sources so that you can collect different types of information. A variety of sources means getting deeper results. Also, keep in mind that each data source must be authentic.
Reinvent Business Processes From Scratch with AI
Many company leaders understand that the integration of artificial intelligence must occur in their companies as soon as possible. However, many of them often make the same mistake.
Many managers simply implement this technology into existing processes. In this way, they can achieve increased productivity, but they lose sight of the fact that if they reinvented existing workflows from scratch with AI, they could achieve even better results.
This approach will not only improve internal business processes but also make companies commercially successful, competitive, and flexible.
Conclusion
Accelerating the process of implementing artificial intelligence is not difficult if you know why you are doing it. It is important that senior management is interested in this and motivates the rest of the employees. The deployment process can be quite lengthy. However, if you can clearly define cases of use, analyze and improve your deployment approach, set data delivery priorities, and reinvent business processes from scratch with AI, then you will get results that you may not even expect.
Founder Dinis Guarda
IntelligentHQ Your New Business Network.
IntelligentHQ is a Business network and an expert source for finance, capital markets and intelligence for thousands of global business professionals, startups, and companies.
We exist at the point of intersection between technology, social media, finance and innovation.
IntelligentHQ leverages innovation and scale of social digital technology, analytics, news, and distribution to create an unparalleled, full digital medium and social business networks spectrum.
IntelligentHQ is working hard, to become a trusted, and indispensable source of business news and analytics, within financial services and its associated supply chains and ecosystems
