There are elements in every business that can use a little tweak to gain efficiency. The new promise of incorporating AI into your business is improved automation and productivity. But how do you know where to start?
There are many software products on the market today that have some element of machine learning built into their solution. For example, your accounting software likely knows how to categorize an expense without any interference from a human. This is one way your company is already incorporating AI into your business, whether you realize it or not.
But If you’re a technology savvy organization, you’re likely moving on to the next steps of identifying how your business could use a more advanced application of this new technology that is specific to your company to help improve efficiency, productivity, and overall growth. Here are the questions you should be asking to build a pilot project:
3 Questions to ask for incorporating AI into your business
- What are the top three areas of your business that are in need of improvement?
You want every single aspect of your business to run at maximum capacity and efficiency, but for most organizations working in a fast paced industry, that is not a reality. Narrowing your pilot project down to focus on one single element of the business, especially the element that could use the most help, will give your pilot project the best chance for success.
- Within the top three areas in need of improvement, which element has the most data tied to it?
Machine learning is based on the idea that systems can actually learn from data and identify patterns, which in turn changes to meet the assignment. It’s what trains the machine how to learn and interpret the data. So you’ll want to have a good amount of data to train the system, ideally at least three years worth.
- Can you create a competitive advantage incorporating AI into your business?
Adding efficiency into your process so you realize an increase in productivity is a huge benefit and delivers ROI on it’s own. But, ask yourself if there is a niche or some negative space in your market that you can capitalize on?
Answering these three questions will be essential to finding the right pilot project that you can use for incorporating AI into your business.