Artificial intelligence (AI) is poised to transform every industry, just as electricity did 100 years ago. It will create $13 trillion of GDP growth by 2030, according to McKinsey, most of which will be in non-internet sectors including manufacturing, agriculture, energy, logistics, and education. The rise of AI presents an opportunity for executives in every industry to differentiate and defend their businesses. But implementing a company-wide AI strategy is challenging, especially for legacy enterprises.
How to Choose Your First AI Project
Pick a quick win to build internal support.
February 06, 2019
Summary.
Tapping the power of AI technologies requires customizing them to your business context. The purpose of your first 1-2 pilot projects is only partly to create value; more importantly, the success of these projects will help convince stakeholders to invest in building up your company’s AI capabilities. When you’re considering a pilot AI project, ask yourself the following questions: Does the project give you a quick win? Is the project either too trivial or too unwieldy in size? Is your project specific to your industry? Are you accelerating your pilot project with credible partners? Is your project creating value?
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New!
HBR Learning
Digital Intelligence Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Digital Intelligence . Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Excel in a world that's being continually transformed by technology.