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These are the 10 things I said today about how Boards of Directors can drive AI & Analytics at the International Directors Summit:

  • You are sitting at the Board to set a very clear mandate to drive safe and sustainable implementation of AI & Analytics. Learn about AI before going to the Board
  • If your business does not get into AI & Analytics it will probably die
  • AI is composed of 5 technologies: from highest to lowest ROI and maturity,
    • automation
    • predictive analytics for decision support
    • natural language processing
    • machine vision
    • cognitive agents
  • Set KPIs around Analytics & AI maturity and their economic impact
  • Mandate that the most critical use cases in your industry are implemented
  • The analytics team needs to be multi-disciplinary, with both business and technical people in the same room
  • Hire a balanced person between technology and business as head of analytics
  • Do not outsource predictive analytics. It’s OK to outsource systems management and data engineering
  • Analytics cannot be in IT or Strategy, it has to be organizationally coupled with daily business decisions
  • Create a data governance policy and define a minimum baseline for cybersecurity & privacy

Bonus: Get one strong data-driven CXO champion. An outsider.

This article is taken from LinkedIn.

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