What does it mean to be AI-Ready?

Artificial Intelligence (AI) and Machine Learning (ML) have burst into the spotlight in recent years getting attention from businesses and all levels of society. Awareness of AI has drastically increased as people become more familiar with how the tech giants are using data to enhance their products and create better solutions. The market is opening up to more AI-infused products, and the public are regularly interacting with AI as it slips into their day-to-day lives through smartphones and virtual assistants. Many companies who are taking the plunge with AI initiatives are not coming out on top, and this is usually because they were not AI Ready when they thought they were. So what does it mean for a business to be AI Ready?