If Your Company Isn't Good At Analytics, It's Not Ready For AI

So how can companies tell if they are really ready for AI and other advanced technologies? First, managers should ask themselves if they have automated processes in problem areas that cost significant money and slow down operations. Companies need to automate repetitive processes involving substantial amounts of data -- especially in areas where intelligence from analytics or speed would be an advantage. Without automating such data feeds first, companies will discover their new AI systems are reaching the wrong conclusions because they are analyzing out-of-date data. For example, online retailers can adjust product prices daily because they have automated the collection of competitors' prices.