From the course: Irreplaceable: The Art of Standing Out in the Age of AI

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Making your company AI-ready: Strategy and implementation

Making your company AI-ready: Strategy and implementation

From the course: Irreplaceable: The Art of Standing Out in the Age of AI

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Making your company AI-ready: Strategy and implementation

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- We've just seen what becoming AI-ready means for people in the same way companies can and need to be AI-ready. In today's business landscape, this readiness is essential for survival. Nearly half of S&P 500 companies may face replacement within a decade due to technological disruption. This lesson outlines a three-phase strategy to make your company AI-ready. First, implement AI to its maximum potential. Second, build trust through responsible AI practices. And third, build AI literacy across your workforce. The first way to implement AI to its maximum potential is through the AI virtuous cycle. Think of it as a snowball that grows larger as it rolls. Start small. Use your existing customer transactions and interactions as initial data. Apply AI to this data to extract insight and uncover opportunities to improve customer experience. Better experiences attract more customer. More customers generate more data. More data generates more insight. Each cycle fuels the next one, driving…

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