How to Carry Out an AI Transformation Plan in Your Company?

The adoption of Artificial Intelligence (AI) in a company is a process that can offer significant competitive advantages. Below, we present a step-by-step guide for a successful transformation towards an AI-driven enterprise:

1. Technical and Business Analysis.

Before embarking on any AI initiative, conducting a thorough analysis is essential. The AI engineer needs to assess whether the technology can effectively address and solve a specific problem. This analysis can be a process lasting several weeks, but it’s crucial to establish the right foundations.

2. Start with a pilot project to gain initial momentum.

Choose a small and straightforward initial project. This will allow you to gain a clear understanding of AI capabilities and limitations.

Select a project that can easily succeed rather than a challenging one, even if it’s more valuable. The goal of the pilot project is to show positive results within a 6 to 12-month timeframe.

Initial projects can be managed internally or through an outsourced team, depending on the company’s capabilities and resources.

3. Build an internal AI team.

With the experience gained from pilot projects, it’s time to build a dedicated AI team. This team will be responsible for executing future projects and integrating AI into various areas of the company. In a later section, we will outline the key components of an AI team.

4. Provide appropriate AI training.

To ensure the company is prepared for full AI integration, offering training in this field is essential. This includes:

– Engineers: They need to be trained in AI-specific technicalities such as data collection, software development, and project execution.

– Managers: They should understand how AI will impact daily operations and how they can oversee and manage teams related to AI.

– Leaders: They must have a strategic understanding of how AI can influence and benefit the company as a whole, the strategy to follow, and how resources will be allocated.

– AI project leaders: Those directly working on AI projects need training in technical and business feasibility analysis, resource allocation, and progress monitoring.

5. Prepare the Company’s AI Strategy.

Once you have a clearer and deeper understanding of what AI can offer, it’s essential to formulate a long-term AI strategy. This strategy will guide the implementation and expansion of AI within the company, ensuring alignment with the overall business objectives.

The design of AI products can follow a virtuous cycle:

  1. Design a good AI product.
  2. The more users you have, the more data you capture.
  3. Use that data to improve the AI product, thus strengthening the product’s position against potential competitors.

Many AI applications need to be industry-specific and use proprietary data. This is where small and medium-sized businesses can find a niche not exploited by large AI corporations.

In an AI-driven world, considering a data strategy is vital. Data acquisition techniques – such as offering free services in exchange for data collection – and maintaining a unified data repository can be beneficial. AI can accelerate businesses with network effects, where “the winner takes it all.”

6. Align/Integrate stakeholders, both internal and external.

It’s crucial to ensure that all stakeholders, from employees and leaders to customers and investors, are informed and aligned with the company’s AI strategy.

The above is an excerpt from the book “Keys to Artificial Intelligence” by Julio Colomer, CEO of AI Accelera, also available in a mobile-friendly ebook version.

At AI Accelera, our goal is to make the vast potential of Artificial Intelligence accessible to businesses, professionals, startups, and students from all over the world. See how we can help you.