AI for Business: A (non-technical) introduction

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While everyone seems to be talking about AI these days, it may not be entirely clear how to use it to drive value in business. Here, I give a non-technical introduction to AI and share tips on how to use it in practice.

📰 Read more: https://medium.com/towards-data-science/ai-machine-learning-for-business-24bcf9754038

References [2] DALLE-2 [3] Canva [4] Royal Society. (2017). (rep.). Machine learning: the power and promise of computers that learn by example. Retrieved January 20, 2024, from https://royalsociety.org/~/media/policy/projects/machine-learning/publications/machine-learning-report.pdf.

Introduction - 0:00 Outline - 0:37 What is AI? - 1:14 Intelligence in action - 2:13 Models - 3:37 2 Types of Models - 4:28 Machine Learning - 5:26 Example: Credit Decisioning - 7:22 5 Rules of Thumb for Using AI - 9:28

1. Focus on problems, not technologies - 10:10
2. Apply to problems you solve repeatedly - 12:47
3. "70% Solution" is good enough - 14:44
4. 1 failure doesn't erase 9 successes - 15:30
5. Start simple, fast, and easy - 16:17 Key Terms & Recap - 19:10 What's next? - 19:59

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