Artificial Intelligence in Practice

51Final Words And Artificial Intelligence Challenges

We hope that the practical examples of how artificial intelligence (AI) is being used in the real world have given you a solid overview of the current state of the art, as well as inspired you to explore the applications and implications of AI for your own career, business or industry.

We believe that the race is on for everyone to grab the opportunities AI is offering. We also believe that if you don't, then you face a very real risk of being left behind in this AI gold rush. Based on our experience working with many of the world's leading companies, from AI trailblazers, to long established incumbent organizations, to start-ups, there are a few challenges that need to be addressed to make the AI ride as smooth as possible. Let's explore some of the key challenges before we bring this book to an end.

Approach Artificial Intelligence Strategically

Make sure you approach AI strategically and don't apply AI to an outdated business model. You will have seen many examples in this book where AI has enabled businesses to completely reimagine and transform business models or even entire industries. In our advisory work with leading companies and governments, we have seen first-hand how important it is to develop a good AI and data strategy in which you identify the most important business opportunities and challenges AI can help you address. Once you have reached agreement on the AI strategy, it is so much easier to successfully ...