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6 Critical Steps to Harness the Full Power of AI in Your Business
AI is becoming more important in business. It helps automate tasks, provide better customer service, and make data-driven decisions.
Business Beacon
July 31, 2024
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In this newsletter, we’ll explore how businesses can get ready to use artificial intelligence (AI) effectively. AI has the potential to improve customer satisfaction, boost employee productivity, and increase profits, but it requires careful planning and a solid foundation. Let's look at seven steps to prepare your business for AI.
Why AI Matters
AI is becoming more important in business. It helps automate tasks, provide better customer service, and make data-driven decisions. According to Forrester, 62% of business and technology professionals expect their companies to increase AI investments in the next year. To fully benefit from AI, businesses need to ensure they are ready to support these tools.
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Seven Steps to Get Ready for AI
1. Create a Clear AI Plan
Develop a detailed plan for how you will use AI in your business.
Focus on practical applications that solve real problems for your company, customers, or partners.
Measure the results of your AI projects before expanding them.
Quote: "Your organization is more likely to realize positive outcomes and solid ROI from its investments if it starts with a clear plan for strategically piloting AI within specific areas of your business." – Business Expert
2. Use Cloud Computing
AI requires a lot of computing power, which is why it's often hosted in the cloud.
Decide which parts of your IT infrastructure should be in the cloud and which should stay on-site.
3. Build a Strong Network
Ensure your IT network is reliable and secure to support AI applications.
This is especially important for remote or hybrid workforces that need access to AI tools.
4. Manage Your Data Well
AI relies on good data. Make sure your data is accurate, up-to-date, and well-organized.
Regularly clean and structure your data to improve the AI training process.
Quote: "The more accurate, up-to-date, and complete your data quality is, the more reliable your outputs will be." – Business Expert
5. Enhance Cybersecurity
Protect your AI systems from cyber attacks with advanced security strategies like Secure Access Service Edge (SASE) and Security Service Edge (SSE).
Implement strong policies for personal devices and mobile device management (MDM) solutions.
6. Develop AI Expertise
Train your IT staff to handle AI tools and identify valuable AI use cases.
Consider hiring external experts or IT-managed service providers for additional support.
Quote: "Investing in training to upskill/reskill members of your IT staff is one way to develop that expertise in-house." – Business Expert
7. Adopt a Pioneering Mindset
Be open to experimenting with AI and learning from both successes and failures.
Scale successful AI projects across your organization without forcing the process.
Quote: "Build on successes, learn from setbacks, and scale AI use cases more broadly across the organization when you deem it appropriate." – Business Expert
FREE AI & ChatGPT Masterclass to automate 50% of your workflow
More than 300 Million people use AI across the globe, but just the top 1% know the right ones for the right use-cases.
Join this free masterclass on AI tools that will teach you the 25 most useful AI tools on the internet – that too for $0 (they have 100 free seats only!)
This masterclass will teach you how to:
Build business strategies & solve problems like a pro
Write content for emails, socials & more in minutes
Build AI assistants & custom bots in minutes
Research 10x faster, do more in less time & make your life easier
You’ll wish you knew about this FREE AI masterclass sooner 😉
Preparing your business for AI involves careful planning and building a strong foundation. By following these seven steps, you can ensure that your business is ready to fully benefit from AI technologies. Once you have a solid plan and infrastructure in place, you can explore even more ways AI can help your business grow.
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