Council Post: How To Derive Tangible And Sustainable Value From AI

Over the last few years, business leaders have invested millions into setting up AI/data science teams to gain a competitive advantage. Some AI initiatives have resulted in measurable benefits, but many haven't. Initial exuberance among business leaders has given way to skepticism. In our experience collaborating with Fortune 500 enterprises at TheMathCompany, we've observed that despite having sophisticated AI tools and star-studded data science teams on their side, weak links in strategic and operational aspects have deprived organizations of deriving meaningful value from AI. Based on our work across industry verticals helping organizations go through analytical transformations, I recommend five best practices to ensure tangible and sustainable value from AI.