Can Artificial Intelligence Solve My Business Problem?

"How can I solve my problem with AI?"- As Machine Learning and Artificial Intelligence reach more and more areas of daily life and enter all economic sectors, this question is often asked by decision makers eager to integrate AI into their business. While AI can offer great gains to businesses, in the following, you will see why jumping in with such a question is not an appropriate approach. Before diving into AI for your business problem, a well-defined business strategy must be established and the question of "Why should I use Machine Learning/Artificial Intelligence?" should be thoroughly considered. Being able to answer that question requires having the exact definition of the business problem: knowing the available data and desired output, having a plan for testing, monitoring and improving your solution, and being clear about the end use-case. After all, it's no use having a perfectly designed model from the data science team if you haven't planned how the rest of the company can use your model outputs.