Part 4/12:
Engage Business Stakeholders: Understand their pain points, needs, and desired outcomes without being swayed by industry hype.
Assess Data Readiness: Evaluate whether the organization has sufficient, high-quality data aligned with the chosen use case. Data sufficiency and quality are prerequisites for success.
Choose the Right Technology Approach: Decide whether traditional AI algorithms suffice or if generative models are necessary based on complexity, scale, and expected ROI.
Estimate ROI and Impact: Measure potential benefits versus costs. For simple tasks, traditional automation may suffice; for complex, nuanced tasks, generative AI might be justified despite higher costs and risks.