Artificial intelligence (AI) is today's most important enabling technology. Leading startups, scale-ups and enterprises are using AI today to reimagine consumer experiences and business processes - unlocking revenue growth and cost savings at the expense of their competitors. Does the thought of embracing AI sound daunting? Or developing an AI strategy? What about affordability? Do you need an in-house team of AI experts? Which algorithms should I explore to be successful? These and many more of these questions are tackled throughout the playbook.
Barclays partnered with MMC Ventures to produce an easily accessible and digestible, step by step guide to taking advantage of AI. The Playbook explains without jargon, best practices in six core competencies for AI:
- Strategy
- People
- Data
- Development
- Production
- Regulation & ethics.
Playbook snapshot
AI is a powerful tool. Before you invest time and money in the technology, you need a strategy to guide its use. Without an AI strategy, AI will become an additional cost that fails to deliver a return on investment. Below, we describe how to: identify appropriate use cases for AI; select your first AI initiative; explore deployment strategies; anticipate timescales; predict required budget; and establish the cultural buy-in necessary for success.
To the read the full report or download a copy - please follow this link.