Proksch M. The Secrets of AI Value Creation. A Practical Guide 2024

Textbook in PDF format

Unlock unprecedented levels of value at your firm by implementing Artificial Intelligence (AI).
In The Secrets of AI Value Creation: Practical Guide to Business Value Creation with Artificial Intelligence from Strategy to Execution, a team of renowned artificial intelligence leaders and experts delivers an insightful blueprint for unlocking the value of AI in your company. This book presents a comprehensive framework that can be applied to your organisation, exploring the value drivers and challenges you might face throughout your AI journey. You will uncover effective strategies and tactics utilised by successful Artificial Intelligence (AI) achievers to propel business growth. In the book, you'll explore critical value drivers and key capabilities that will determine the success or failure of your company's AI initiatives. The authors examine the subject from multiple perspectives, including business, technology, data, algorithmics, and psychology.
Welcome to the world of AI, where the pace of change is relentless, and the opportunities and stakes seem higher than ever – especially with the latest buzz surrounding AI's tremendous potential for value creation. Through the newest developments in generative AI with solutions such as ChatGPT and Midjourney, the age?old question of AI hype versus reality takes center stage once more. Although there's undoubtedly substantial potential for this technology to create value, Sequoia, a prominent venture capital firm known for its early investments in companies such as Apple, Google, Oracle, YouTube, WhatsApp, and Airbnb, has pointed out that even though it has outperformed the SaaS market and generated more than $1 billion in revenue within a mere few months, ‘generative AI's biggest problem