Customizing the Infinitely Configurable AI: It Takes Data and Time
Michael Wu,
COVID-19 drastically impacted how businesses operate. In our virtual world where contactless is the norm, companies are finally prioritizing digital transformation so they can continue conducting business without needing to rely on in-person interactions. However, the digital world is vast and competition is steep. To operate their business more efficiently and compete effectively, companies are often forced to consider cutting-edge tools, such as artificial intelligence (AI).
Despite this, enterprises remain reluctant to adopt AI due to a misconception that out-of-the-box AI tools are not quite production-ready. Enterprises think they’ll need to invest substantial time and resources to properly train algorithms to perfect their AI. Although this is not completely wrong, companies do need to change their mindset when evaluating and adopting AI solutions. Simply waiting for an algorithm with more acceptable performance, or waiting for the AI industry to mature is definitely the wrong approach.