In C-level magazine, ipt AI expert Dr. Yves Brise explains why Artificial Intelligence (AI) will make the breakthrough this time.
He shows why you cannot do without an AI strategy for your company and how you can achieve one in three steps.
AI has been promised several times the breakthrough. But today the decisive factors are there, which were still missing in the 1950s and 1990s.
«The methods have been known for decades, but in recent years, the success stories from research and industry have come thick and fast. For example, the complex game ‹Go› could be cracked by applying deep learning algorithms to it. This would not have been possible 15 years ago,» explains the AI expert.
In addition, more and more providers are building systems that make AI more accessible. These include companies such as Microsoft, Google, AWS, Alibaba and Huawei.
As a Swiss insurance company, a government agency or a small local bank, you might quickly think that AI is only for large corporations, that you yourself are too small. But this is a misunderstanding. «An AI strategy consists of pragmatic and targeted guidelines and measures that are designed to help achieve the goals of the overarching corporate strategy,» as Dr. Yves Brise explains.
In order to design and implement a successful AI strategy, three phases must be passed through. Depending on where you stand as a company, the phases must be weighted and designed accordingly
Create a common understanding of terms, strategic potential and level of ambition.
Examine the specific development areas and create the most effective roadmap possible.
Use the most helpful applications to demonstrate the benefits and continue working on the strategic foundations.
AI will change our economy and society. Do not be put off by the apparent magnitude of the task. You can tackle it with manageable effort and simple procedural models.
And it is definitely worth it, as Dr. Yves Brise notes: «The resulting added value is a clear line and powerful tools for corporate development.»
Read the full article by our AI expert Dr. Yves Brise, published in C-level magazine 3|2019.