How to Make an AI Project More Likely to Succeed
HBR's list of steps to making your AI projects more likely to be successful:
– ensure your purpose is clear. AI only adds value in the context of your business model and processes.
– chose carefully what you automate – the value is in expanding human effectiveness, not replacing humans entirely
– pick the right data – more data isnt necessarially better – you need the right data.
– finally, move people to higher value tasks – AI doesn't really reduce labour costs or headcount, it allows you to better use those people.
Start by having a clear sense of its goals.