Artificial Intelligence: 7 factors for precision decisions

Access to huge corpus of data and massive compute power fall in the hands of the few. While market leaders and fast followers have not yet achieved mass personalisation, the next rush is focused on investments in artificial intelligence (see Figure 1). Searching for a competitive advantage and fearful of disruption, board rooms and CXOs have rushed to artificial intelligence as the next big thing. The investment in pilots for AI's subsets of machine learning, deep learning, natural language processing, and cognitive computing have moved from science projects to new digital business models powered by smart services. With the goal of precision decisions, successful AI projects require more than just great algorithms or access to data scientists.