Friday, July 30, 2021

g-f(2)401 THE BIG PICTURE OF BUSINESS ARTIFICIAL INTELLIGENCE (7/30/2021), Forbes, Four Steps Before Investing In Artificial Intelligence




ULTRA-condensed knowledge


Opportunity, Four Steps Before Investing In Artificial Intelligence, Forbes 
  • AI technology is undoubtedly bringing new opportunities for companies to solve many business challenges faster and more effectively, but it’s not for everyone. 
  • Before investing in artificial intelligence, ask the question: “Is AI the right solution for my business, and how can it solve my business problems?”
Lesson learned, While AI may be the best fit for some, it may not work for others
    • If various companies actively deploy AI, it doesn’t necessarily follow that AI is the right solution for every business.
    • Companies that lack enough data or continuous series of data flow may not be suited for AI automation.
              Alert, If you’ve decided to invest in AI technology, here are the steps to consider before integrating it into your company:
                1. Identify your business needs.
                  • You need to have a clear idea of each pain point and assess how AI solutions could be adapted to resolve them.
                2. Determine how prepared your company is to support AI systems.
                  • Once you have figured out the main problems in your business, the next step is checking if your company is AI-ready.
                3. Prioritize the main values for your business.
                  • After assessing your business needs, it’s essential to understand the potential business and financial benefits of implementing AI in your company. 
                4. Look for valuable AI services.
                  • Developing an AI system may take lots of time and resources. Still, there are AI service providers with the industry expertise to help you understand the data needs of AI and simplify the AI integration for you. 

                Genioux knowledge fact condensed as an image


                Condensed knowledge


                Opportunity, Four Steps Before Investing In Artificial Intelligence, Forbes 
                • AI technology is undoubtedly bringing new opportunities for companies to solve many business challenges faster and more effectively, but it’s not for everyone. 
                • Before investing in artificial intelligence, ask the question: “Is AI the right solution for my business, and how can it solve my business problems?”
                Lesson learned, While AI may be the best fit for some, it may not work for others
                  • If various companies actively deploy AI, it doesn’t necessarily follow that AI is the right solution for every business.
                  • Companies that lack enough data or continuous series of data flow may not be suited for AI automation.
                            Alert, If you’ve decided to invest in AI technology, here are the steps to consider before integrating it into your company:
                              1. Identify your business needs.
                                • You need to have a clear idea of each pain point and assess how AI solutions could be adapted to resolve them.
                              2. Determine how prepared your company is to support AI systems.
                                • Once you have figured out the main problems in your business, the next step is checking if your company is AI-ready.
                              3. Prioritize the main values for your business.
                                • After assessing your business needs, it’s essential to understand the potential business and financial benefits of implementing AI in your company. 
                              4. Look for valuable AI services.
                                • Developing an AI system may take lots of time and resources. Still, there are AI service providers with the industry expertise to help you understand the data needs of AI and simplify the AI integration for you. 

                                        Category 2: The Big Picture of the Digital Age

                                        [genioux fact deduced or extracted from Forbes]

                                        This is a “genioux fact fast solution.”

                                        Tag Opportunities those travelling at high speed on GKPath 

                                        Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

                                        Type of validity of the "genioux fact". 

                                        • Inherited from sources + Supported by the knowledge of one or more experts.


                                        Authors of the genioux fact

                                        Fernando Machuca


                                        References


                                        ABOUT THE AUTHORS


                                        Rem Darbinyan


                                        Forbes Councils Member

                                        Rem Darbinyan is a serial entrepreneur, angel investor, seasoned advisor, author, and keynote speaker with an investment portfolio of 40+ startups.

                                        As an entrepreneurial executive himself, Rem is the founder and CEO of SmartClick, which builds deep tech innovations based on Artificial Intelligence and Machine Learning.

                                        Rem is a customer-driven product leader dedicated to building technologies that are innovative and bring new value to the market. His 20+ years of technology industry expertise and executive management experience in scaling products from conception to large-scale ROI have been proven at both startups and large enterprises alike. Rem’s mission is to help companies thrive in this fast-changing world using technologies powered by Artificial Intelligence.

                                        Rem is well known in the IT community in Armenia for discovering and mentoring high-potential entrepreneurs, evaluating investment opportunities, and helping newly developing startups.

                                        He holds a Master’s Degree in Business Risk Management and a Bachelor’s Degree in Financial Planning.


                                        Key “genioux facts”








                                        Featured "genioux fact"

                                        g-f(2)256 The Big Picture of the Digital Age (5/2/2021), geniouxfacts, The fundamental knowledge mini-pyramid for traveling on the "GKPath" highway.

                                        Extra-condensed knowledge This "genioux fact" describes the inverted mini pyramid of knowledge that is essential to travel on the ...

                                        Popular genioux facts, Last 30 days