Alex Castrounis

Artificial Intelligence
Available on Amazon!

AI For Business

Copyright © InnoArchiTech. All Rights

www.whyofai.com
Reserved.
 Copyright © Alex
Castrounis
Copyright © InnoArchiTech. All Rights
Reserved.
 3-Part Online Training Series Overview

Artificial Intelligence - AI For Business

Artificial Intelligence - An Overview of AI and Machine Learning

• ML/AI definitions, types, algorithms, process, tradeoffs, considerations

Artificial Intelligence - Real-World Applications

• Real-world applications and examples
• Prediction, recommendations, recognition, CV, natural language and much more!

Copyright © InnoArchiTech. All Rights

Reserved.
 What is AI?
Intelligence
Learning, understanding, and the application of
the knowledge learned to achieve one or more
goals

Artificial Intelligence
Intelligence exhibited by machines
Also known as cognitive computing

Related Fields
Neuroscience, psychology, philosophy,
mathematics, statistics, computer science
Copyright © InnoArchiTech. All Rights
Reserved.
 No Explicit Programming

Copyright © InnoArchiTech. All Rights Copyright © Alex Castrounis

Reserved.
 How Is AI Used?

Insights Advanced Analytics

• Deep actionable insights • Predictive analytics

• Data-driven decisions • Prescriptive analytics
• Trends and Patterns
• Subjective to objective

Augmentation & Automation Smart/Intelligent Systems

• Repetitive/tedious tasks • IoT / IIoT

• Decisions and actions • Robotics / Comp Vision
• Augmented human intelligence • Autonomous Vehicles
Copyright © InnoArchiTech. All Rights
Reserved.
 Stakeholders (People and Business)

Business Customer User

Copyright © InnoArchiTech. All Rights

Reserved.
 Value of AI - People
Definition: An experience is something that you do or that
happens to you, especially something important that affects
Definition from the Collins Dictionary

you.
‣ Better health and health-related outcomes
‣ Better personal safety and security
‣ Better financial performance, savings, and insights
‣ Better user experience, convenience, and delight
‣ Better and easier planning and decisions
‣ Better productivity and enjoyment
‣ Better learning and entertainment

Copyright © InnoArchiTech. All Rights

Reserved.
 Value of AI - Business

‣ Generate deep actionable insights and make better decisions

‣ Augment human intelligence
‣ Create new and innovative business models, products, and
services
‣ Capture new markets or expand total addressable market (TAM)
‣ Influence new and optimized processes
‣ Drive differentiation and competitive advantage
‣ Transform business and disrupt industries

Copyright © InnoArchiTech. All Rights

Reserved.
 AI Readiness Model - Organizational

‣ Organizational structure, leadership, and talent

‣ Vision and strategy
‣ Adoption and alignment
‣ Sponsorship and support

Copyright © Alex Castrounis

Copyright © InnoArchiTech. All Rights

Reserved.
 AI Readiness Model - Technological

‣ Infrastructure and technologies

‣ Support and maintain
‣ Data readiness and quality (the “right” data)

Copyright © Alex Castrounis

Copyright © InnoArchiTech. All Rights

Reserved.
 AI Readiness Model - Financial

‣ Budgeting
‣ Competing investments and prioritization

Copyright © Alex Castrounis

Copyright © InnoArchiTech. All Rights

Reserved.
 AI Readiness Model - Cultural

‣ Scientific innovation and disruption

‣ Gut-to-data driven
‣ Action ready
‣ Data democratization

Copyright © Alex Castrounis

Copyright © InnoArchiTech. All Rights

Reserved.
 The Data Powering AI

Sales Marketing Event/Transaction Operational Users

Sensors & Unstructured Logs 3 rd Party Public

Geo

Copyright © InnoArchiTech. All Rights

Reserved.
 The Cost of AI

Financial Non-Financial

• Talent (in-house / outsourced) • Lack of shared vision and strategy

• Infrastructure and technology • Unmet expectations
• Development time • Opportunity costs
• Data and data preparation

Copyright © InnoArchiTech. All Rights

Reserved.
 Copyright © Alex Castrounis
Copyright © InnoArchiTech. All Rights
Reserved.
 AI… Hype or Reality?
Hype
• AI is very close to, or at, artificial
general intelligence (AGI)
• AI will take over the world and replace
everyone's jobs
• Planning and building AI solutions has
become easy -- many people possess
the requisite skills to do this
Copyright © InnoArchiTech. All Rights
Reserved.
Reality
• AI is mostly a one-trick pony, and
mainly used to solve highly specialized
problems
• AI will likely make some jobs obsolete,
but it will also create new ones, largely
in the area of human intelligence
augmentation, according to most
research
• Planning and building AI solutions is
hard and there’s a significant talent
shortage
 The Future of AI

Increased AI
Advancements in Advancements in
Understanding,
Executive Leadership Research, Software, Computing
Adoption, and
and Hardware Architecture
Proliferation

Technology
Convergence,
Societal Impact AGI (?) The AI Effect
Integration, and
Speech Dominance

Copyright © InnoArchiTech. All Rights

Reserved.
 Summary and Next Steps
• Act now and get ahead
• Develop an AI strategy and incorporate into your business
• Start small and incorporate AI incrementally
• Pursue insights and take action
• Prioritize organizational readiness
• Be agile and willing to experiment
• Stay current on the latest trends and advancements
• Continue learning about AI
• Artificial Intelligence: An Overview of AI and Machine Learning
• Artificial Intelligence: Real-World Applications

Copyright © InnoArchiTech. All Rights

Reserved.
 Thank You!
Available on Amazon

youtube.com/aiwithalex

www.ainewsmail.com

Copyright © InnoArchiTech. All Rights

Reserved.