In a World of AI Delirium, Data is the Source of Business Value

A report from Accentureclearly highlights those companies that don't want to capitalize on AI will not survive the future (see Figure 1). The AI war is being fought with open source technologies such as TensorFlow, Spark ML, Caffe, Torch and Theano. But wait…if these AI algorithms and technologies – the "Weapons of Mass Business Model Destruction" – are readily available to everyone, what are the sources of business value and differentiation? Increasingly the equation for deriving and driving business value and differentiation isn't having the Machine Learning, Deep Learning and AI frameworks, but is found in two foundational principles: I have already written the book "Big Data MBA: Driving Business Strategies with Data Science" and several blogs on the "Thinking Like A Data Scientist" methodology which provides a thorough, business-driven process for identifying, validating, valuing and prioritizing the organization's business and operational use cases. See the following blogs for more details on the "Thinking Like A Data Scientist" methodology: Now let's consider the other part of the AI equation – monetizing the data.