AI Driven Software Products
Artificial Intelligence (AI) makes it possible to automate existing processes, optimize services, improve products and develop completely new ones. This allows companies to reduce costs and dramatically increase customer satisfaction. In the near future AI will be a fundamental part of many companies.
At the same time this enables organizations to become more data driven, whereby:
Building a successful AI product is challenging. Having said that, with the right experience and know-how these challenges can be easily mastered. A positive outcome strongly depends on four main factors:
AI models are based on data. Without data AI is not possible, however huge amounts of data are not necessary in all cases. Existing AI models can be retrained and additionally third party data sets may be used.
Many of today's applications would not be possible without constant developments in the field of AI.
On one hand, staying on top of these developments is a great challenge, but on the other hand it is the basis for good decision making.
At the end of the day humans are the ones developing and maintaining AI-based products.
A successful implementation is difficult without a healthy data organization, the right work processes and a solid data culture.
AI is just a technology used to built a product.
If the product is not well defined then the best AI models won’t make it good either.
A well defined product on the other hand can be successful with a simple model under the hood.