Your firm produces data, so surely it can benefit from applying AI, right? Wrong. Here are five questions to ask yourself about whether a business problem is “AI-solvable”.
Machine learning, the latest incarnation of artificial intelligence (AI), works by detecting complex patterns in past data and using them to predict future data. Since almost all business decisions ultimately rely on predictions (about profits, employee performance, costs, regulation etc.) it would seem obvious that machine learning (ML) could be useful whenever “big” data are available to support business decisions. But that isn’t quite right.
