5 Questions Business Leaders Should Ask When Considering Artificial Intelligence

Artificial Intelligence (AI) can offer organizations breakthroughs in their production systems and even a competitive advantage if used thoughtfully and in the right context. The digital transformation and its multiple advances have generated pressure on companies, derived from the fear of being left behind, which in turn has resulted in a pre-willingness among leaders to implement these technologies in their companies. Despite the benefits offered by Big Data, many business leaders are hesitant to adopt it because they are still confident with the same old blueprint that worked for them in the past. However, the business landscape is changing rapidly, and business strategies need to adjust accordingly. Here are 5 questions business leaders should ask when considering AI technology

What is this AI craze all about?

Whether it's AI, blockchain technology or Internet of Things – every new technology entices business leaders to adopt it and enhance their business grades. Artificial intelligence has the efficiency in combining its epidemic performance skills with any machine/platform including computer hardware, big data, the blockchain, the IoT and also deep learning, data mining, neural networks, cognitive computing, and robotics.

How can we centralize the data?

Many companies are looking to centralize their data, and the main options are a private or public cloud, or some combination of the two, depending on your business needs. Just move what you need to solve a particular problem and build from there. This allows for a natural progression of data migration saving time and effort. Too many companies conducting mass migrations have been ill prepared for the amount of effort necessary to make use of the data once centralized.

Have you created a strategic approach?

To get the most out of artificial intelligence, businesses must understand the prospective advantages of AI and how it can be implemented to grow their businesses. Such an approach needs strategic planning, where companies need to determine their goals and projects that can help the company develop and thrive.

What's its potential?

The place to start is to educate management about its potential and undertake internal analysis of where it could be deployed and what competitors are doing. The key is to use non-trivial applications to learn from but to deliver them quickly so the organization can get a true sense of AIs potential.

How will AI impact customer experience?

While almost every organization might have faced the similar issue of running out of resources and products, AI is here to empower the customer experience. With the onset of newest features and technology, customers' expectations are also rising dramatically. People are able to shop and make transactions with just a few clicks from their laptops and cell phones.