Blog: Are you ready for AI? — AI Readiness Assessment
Today, every business leaders agree that adopting artificial intelligence yields tremendous potential to create value. Everyone wants to have artificial intelligence in their business plan. Even though many organizations intend to utilize artificial intelligence, they are not sure where to start. They do not even know whether they are ready or not.
What is the definition of AI Readiness means? It is an assessment to benchmark the current state of AI adoption. It includes (i) where each organization is located in their AI journey, (ii) whether they can define their AI strategy and goals, (iii) their ability to execute the objectives and (iv) can reap the benefits of the AI transformation.
The first thing is to understand where are you on the AI journey. Did we start? Or are we facing starting trouble with AI transformation? What is our data architecture looks like? Can we use existing data pools and create more value using AI?
The second point is defining the strategic point of view of AI adoption. Need to Identify the top value business cases and low hanging value creation opportunities. Ultimately, the enterprises need to understand and document the business benefits of AI transformation and get buy-in from all stakeholders.
Now we need to understand what are the skills, process, and resources required to achieve the goals. Do we have the right skill set in our team? This includes data scientists, analytics developers, AI pipeline engineers and DataOps engineers. Do we have the right tools for building and training models? Do we have the right resources like GPU based infrastructure and AI pipeline management tools are in place?
And finally, we need to outline how the organization can reap the benefits created through AI transformation. How it can be translated into competitive advantages and shareholder value. If you are not sure about where to start and how to transform, Algomox can offer you an end to end partnership to accelerate your AI transformation journey. Please visit www.algomox.com for details.