It is vital for industries to create a successful artificial intelligence strategy, by providing business leaders a foundation, where data, artificial intelligence, and experts work together seamlessly to enhance organizational growth.
Chatbots, image recognition, data extraction, recommendations systems, and many more are the common artificial intelligence applications that have created a buzz around the incredible technology artificial intelligence. Various industries, therefore are identifying critical areas within their sectors to fit artificial intelligence tools so that they can improve their business productivity and also stay active in the competition. But, adopting artificial intelligence is not as easy as anyone might think. CIOs, analysts, and other business leaders have to create a successful artificial intelligence strategy that will provide them a guideline to achieve their business goal seamlessly.
However, the problem does not end here. Industries face specific challenges while developing artificial intelligence strategies too. They need to be addressed before creating the final strategy.
Let’s list down the potential challenges that companies face before they adopt artificial intelligence in their business: Data is an integral part of artificial intelligence. Hence, to train artificial intelligence systems effectively, there is a need for the collection of valid and quality data. Gartner predicted that more than 50% of organizations are still collecting data to create an effective artificial intelligence strategy.
By now, we know what challenges organizations face before adopting artificial intelligence. CIOs should take into account these challenges and find ways to address them by creating an artificial intelligence strategy. CIOs should, therefore:
Creating the right artificial intelligence strategy is not an easy task. But, the outcome promised by artificial intelligence, to any business, is immense. This is why various industries, worldwide, are rapidly adopting the technology. Hence, CIOs and other industry leaders should follow the guidelines mentioned above to develop a successful artificial intelligence strategy.
Naveen is the Founder and CEO of Allerin, a software solutions provider that delivers innovative and agile solutions that enable to automate, inspire and impress. He is a seasoned professional with more than 20 years of experience, with extensive experience in customizing open source products for cost optimizations of large scale IT deployment. He is currently working on Internet of Things solutions with Big Data Analytics. Naveen completed his programming qualifications in various Indian institutes.