Book Image

Artificial Intelligence Business: How you can profit from AI

By : Przemek Chojecki
Book Image

Artificial Intelligence Business: How you can profit from AI

By: Przemek Chojecki

Overview of this book

We’re living in revolutionary times. Artificial intelligence is changing how the world operates and it determines how smooth certain processes are. For instance, when you go on a holiday, multiple services allow you to find the most convenient flights and the best hotels, you get personalized suggestions on what you might want to see, and you go to the airport via one of the ride-sharing apps. At each of these steps, AI algorithms are at work for your convenience. This book will guide you through everything, from what AI is to how it influences our economy and society. The book starts with an introduction to artificial intelligence and machine learning, and explains the importance of AI in the modern world. You’ll explore how start-ups make key decisions with AI and how AI plays a major role in boosting businesses. Next, you’ll find out how media companies use image generation techniques to create engaging content. As you progress, you’ll explore how text generation and AI chatbot models simplify our daily lives. Toward the end, you’ll understand the importance of AI in the education and healthcare sectors, and realize the risks associated with AI and how we can leverage AI effectively to help us in the future. By the end of this book, you’ll have learned how machine learning works and have a solid understanding of the recent business applications of AI.
Table of Contents (10 chapters)

Fostering a culture of innovation

One of the key components of being successful in implementing AI at a transformational level is building your companys culture around innovation and AI in particular.

A culture of innovation means creating a culture where every employee feels he or she has some level of autonomy to think independently and find new ways to solve problems. If youre the one in charge, it means you should put forward your decisions, but leave an open window for new ideas coming from your team. Trust is important.

You should encourage taking a reasonable risk and allow the uncertainty of results if you want to foster innovation. Developing new ideas is an iterative discovery process and as such needs people and ideas to flow freely. Understanding that this does not always lead to a product is also a key. Failure is an important aspect of building an innovative culture. You cant hide failures. Instead, talk them over with your team. A truly...