Setting an AI strategy to unlock the value of your data - Journey to AI Blog

It’s been said that data is the most valuable resource on the planet. But most companies aren’t getting the maximum value out of their data. If you look at the top three things that are really needed in the marketplace, it’s really been around defining a data strategy, filling the skill shortage and how to operationalize and industrialize your AI. In fact, while AI is helping companies gain competitive advantage in a growing range of industries, 51 percent find optimizing, sustaining and expanding AI capabilities challenging, notes Forrester. Why is that? The fact is that, in a business context, AI is fairly new. It can also be a bit intimidating. So, I’d like to share some quick thoughts how to build an AI strategy and how to measure its success. Formulating your AI strategy Ultimately, of course, the success of any AI project has to be measured in dollars and cents. As you formulate an AI strategy, it’s important to identify and prioritize…