Andrew Ng, a renowned AI expert, believes that the technology’s full potential has yet to be realised. He suggests that businesses need to develop an ‘AI playbook’ to harness the benefits of AI effectively. For Ng, the playbook should include a focus on small projects that can yield quick results, thus building momentum for larger initiatives.

Ng also highlights the need for businesses to invest in AI training. He argues that a lack of understanding about AI can lead to unrealistic expectations and disappointment. Training can help to demystify AI and enable businesses to make informed decisions about its use.

Ng suggests that AI implementation should be a company-wide effort. He warns against the tendency to isolate AI projects within specific teams or departments, arguing that this approach can limit the technology’s impact. Instead, he advocates for a more integrated approach, with AI becoming a part of the company’s overall strategy.

Finally, Ng emphasises the importance of data strategy. He notes that while data is a critical component of AI, many businesses underestimate its importance. He advises businesses to take a strategic approach to data collection and management, ensuring that they have the right data to support their AI initiatives.

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