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Where Does AI Go In Your Enterprise?

Feb 26, 2024 - forbes.com
The article discusses the two approaches to incorporating artificial intelligence (AI) into businesses: incorporating AI into current applications and integrating enterprise-grade AI with today's applications. The former involves embedding AI features into existing business applications, enhancing their capabilities and enabling smarter decision-making. The latter involves developing or licensing enterprise-class AI applications designed to complement existing business applications, providing insights and automation beyond the incorporated AI enhancements. Both approaches have their pros and cons, and the choice between them depends on factors such as the organization's digital maturity, the complexity of its data ecosystem, and its strategic goals.

The article suggests a hybrid solution that combines the immediate benefits of incorporated AI with the long-term advantages of integrated AI. It also provides steps for organizations to navigate the complex AI landscape effectively, including developing a clear AI strategy and roadmap, conducting thorough market research and evaluation, prioritizing data quality and governance, fostering a culture of experimentation and innovation, establishing AI expertise, focusing on scalability and integration, implementing a rigorous vendor evaluation process, staying agile and adaptable, and building a collaborative ecosystem.

Key takeaways:

  • There are two main approaches to integrating AI into businesses: incorporating AI into current applications or integrating enterprise-grade AI with today's applications, each with their own pros and cons.
  • A hybrid solution combining immediate benefits of incorporated AI with long-term advantages of integrated AI may offer the most strategic approach.
  • Organizations can navigate the complex AI landscape by developing a clear AI strategy, conducting thorough market research, prioritizing data quality, fostering a culture of innovation, and focusing on scalability and integration.
  • Successful adoption of AI requires a strategic approach that aligns with the organization's broader objectives and addresses the unique challenges of AI technologies.
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