Artificial intelligence (AI) has the potential to transform every business – in the same way (and possibly more) as the internet has utterly transformed the way we do business. From smarter products and services to better business decisions and optimised (or even automated) business processes, AI has the power to change almost everything.
Those businesses that don’t capitalise on the transformative power of AI risk being left behind. That’s why you need an AI strategy for your business. One question people often ask me is, ‘Do I still need a separate AI strategy if I’ve already got a data strategy’? In my view, yes, you should have both. In theory, if your data strategy was extremely comprehensive and fully considered the use of AI, then that might be enough. But in practice, a data strategy alone is rarely enough. I therefore recommend every company has a separate AI strategy.
Author: Bernard Marr