Your Data Strategy is your AI Strategy
Unless you’re one of the massive digital-first companies your AI strategy needs to address these truths:
1. Right now Artificial Intelligence is really Machine Learning. Comprised of three elements; traditional ML (e.g., XG-Boost, SVM, etc.), Deep Learning, Reinforcement Learning
2. You’re not going to create new algorithms that significantly advance the science of ML. This is because it’s very difficult to compete with the likes of Google, Apple, etc. for the best algorithm developers and the billions they are investing in ML.
3. All of your competitors are working on their AI/ML strategy and soon your investments in AI/ML will be table stakes, not a sustainable competitive advantage.
The only way to compete in the above environment is to focus on your one area of competitive advantage; your data. Whether is be customer or internal process data, it is the first place to go for creating value and to do that you’ll need a data strategy.
More on data strategy in my next post.
#artificialintelligence #machinelearning #digitization #datascience
✴️ @AI_Python_EN
❇️ @AI_Python
🗣 @AI_Python_arXiv
Unless you’re one of the massive digital-first companies your AI strategy needs to address these truths:
1. Right now Artificial Intelligence is really Machine Learning. Comprised of three elements; traditional ML (e.g., XG-Boost, SVM, etc.), Deep Learning, Reinforcement Learning
2. You’re not going to create new algorithms that significantly advance the science of ML. This is because it’s very difficult to compete with the likes of Google, Apple, etc. for the best algorithm developers and the billions they are investing in ML.
3. All of your competitors are working on their AI/ML strategy and soon your investments in AI/ML will be table stakes, not a sustainable competitive advantage.
The only way to compete in the above environment is to focus on your one area of competitive advantage; your data. Whether is be customer or internal process data, it is the first place to go for creating value and to do that you’ll need a data strategy.
More on data strategy in my next post.
#artificialintelligence #machinelearning #digitization #datascience
✴️ @AI_Python_EN
❇️ @AI_Python
🗣 @AI_Python_arXiv