How to drive shareholder value with artificial intelligence
“Whether you know it or not, as an executive in a company, your company is doing machine learning and artificial intelligence,” says Stephen Pratt. “It’s just in hidden pockets within your company.”
Source: Stephen Pratt
Pratt is the founder and CEO of Noodle.ai, an enterprise AI startup, and was previously the head of IBM’s Watson unit. In this talk clip from Strata + Hadoop World 2016 in New York, he describes a framework for determining where your company stands on its technological leadership, how your company’s technology can contribute to shareholder value, and the importance of developing a meaningful plan for implementing artificial intelligence in the enterprise.
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“When you’re thinking about artificial intelligence and machine learning at the enterprise level, it’s very important to make a road map,” says Pratt. “We’re making the same mistakes that we made in the advent of CRM systems, ERP systems, in the introduction of client-server technology—even the introduction of the computer into businesses...We need to learn from that.”
At the end of the clip, Pratt describes the “six stages of enterprise grief:” denial; anarchy; chaos; spaghetti; disruption; and, finally, enterprise solution.