HBR Insights Future of Business Boxed Set (8 Books)

 

6

HOW TO CHOOSE YOUR FIRST AI PROJECT

by Andrew Ng

Artificial intelligence is poised to transform every industry, just as electricity did 100 years ago. It will create $13 trillion of GDP growth by 2030, according to McKinsey, most of which will be in non-internet sectors including manufacturing, agriculture, energy, logistics, and education. The rise of AI presents an opportunity for executives in every industry to differentiate and defend their businesses. But implementing a companywide AI strategy is challenging, especially for legacy enterprises.

My advice for executives, in any industry, is to start small. The first step to building an AI strategy, drawn from my article the “AI Transformation Playbook,” is to choose one to two company-level ...