Artificial Intelligence (AI) Strategy

The chapter underpins the intricate relationships between business, data, and AI strategies. It then goes deeper into how an effective AI strategy begins with a clear vision and the role of a focused action plan in driving an organization's strategic objectives.You will also learn the skills that go into making a successful AI strategist, outlining their responsibilities and contributions towards achieving the business goals.

This chapter sharpens the business acumen by distinguishing AI software from traditional software, ensuring the effective use of resources for pertinent business challenges. It further explains the key business drivers in identifying the most impactful AI initiatives and shares how to set the right AI goals. Alongside explaining the significance of ROI, learners will understand the challenges and drivers of assessing ROI.

This chapter explains different components of a successful AI strategy, such as innovation and building the right culture for high-performing teams. It also underscores the importance of AI literacy, covering the pivotal do’s and don’ts of AI usage. While innovation is essential, understanding the potential AI-associated risks and asking the right questions is crucial to building a robust risk assessment framework for AI.

In this chapter, we discuss the role of feasibility workshops and emphasize initiating a focused PoC to gauge AI's potential before a full-scale rollout. We will also highlight what it takes to build scalable AI systems and the significance of MLOps in scaling it right.Ultimately, the chapter underscores the influence of executive sponsors and AI champions in fostering AI adoption.