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Ai For Business

This document discusses how businesses can effectively implement artificial intelligence. It emphasizes getting the "plumbing" or data infrastructure right to enable AI. Key aspects of proper data plumbing include digitizing processes, connecting data across systems, having integrated and labeled data, and a flexible data architecture. The document also outlines six dimensions that must be aligned between business and AI, including having the right people, plans, data, technology deployment, risk management, and operations. Leadership needs such as appointing an AI leader and building AI skills are also discussed.

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174 views4 pages

Ai For Business

This document discusses how businesses can effectively implement artificial intelligence. It emphasizes getting the "plumbing" or data infrastructure right to enable AI. Key aspects of proper data plumbing include digitizing processes, connecting data across systems, having integrated and labeled data, and a flexible data architecture. The document also outlines six dimensions that must be aligned between business and AI, including having the right people, plans, data, technology deployment, risk management, and operations. Leadership needs such as appointing an AI leader and building AI skills are also discussed.

Uploaded by

jaya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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AI and business

“It’s easy to get lost in “pie in the sky” AI dimensions……


Importance of trying your initiatives directly to business values.”

AI for executives is designed to equip leaders with the knowledge and insight on how to think AI can
be used to create values, which needs

 How should you think about using AI?


 How should we think about the financial case for AI?
 How to scale AI deployment?

The AI needs data and models systematically into the software enabled operating core of the firm.
Every organisation is running for Digital transformation now but this requires AI enabled action for
business.

AI is a better pump – but you need to get the plumbing right

Data plumbing is characterised by

 Digitization of processes, functions and capabilities.


 Connectivity across IoT, supply chain, customers etc.
 Integrated and holistic view of data.
 Labelled and clean data.
 Flexible and rapid access to data.
 Modular technology architecture.
Six dimensions to be aligned between the business and AI

Have Make
Have
the Mobilize right Deploy the right it Manage risks
the technology
right people opera
data
plan tional

Leadership needs:

 Visible, credible AI leader.


 Cocreation in cross functional and business unit teams.
 Build network of AI champions.
 Build AI skills and capabilities.
 Train management, data scientists and stakeholders
 Running change management programs.
 Consideration of “centre of excellence” to accelerate capabilities and delivery.

Advisory oriented 1. Focus on providing


leadership

2. Developing methods,
standards and government.

3. Developing external
ecosystem.

Delivery oriented 4. Delivery of program and


platform.
AI Governance approach for board of directors and management

Understand the strategic opportunities and Develop a strategic business plan for AI
risks of AI.
Ensure identify scope of AI activity the Identify potential risks of AI across a
requires goverenance and controls. mapping of potential use cases.
Conduct a risk review. Develop an AI ethics and policies inc. the
stakeholder AI communication.
Ensure ethical AI code is in place. Ensure AI goverenance and controls to cover
3rd party advisors, internal decision making.
Decide whether to keeo, reassign or set up Ensure education and training on responsible
new goverenance responsibilties in the AI across relevant departments.
company .
Update board committees and responsibilties Implement data privacy, auditabilty and
as appropriate to cover AI responsibilities. responsible AI by design.
Ensure operational AI robustness
Consider separate audit team.

Key currency for value creation in AI world

Willingness to share data is key to building AI enabled


Customers propositions.

Increasingly interlocked ecosystems of suppliers and


Suppliers distributors need to share the data.

Trust in management will allow AI tools to shift productivity


Staff and effectiveness to a new level.

As data driven tools and algorithms gets pervasive,


Regulators regulators will get more involved.

Broader security will judge organization by how they


Society behave on AI ethical issues.

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