7 Steps to Get Going With AI - SAS

7 Steps to Get Going With AI Why do we need to spend all this money or make this level of change? What’s the economic benefit? What’s the risk of not investing? How does it affect our people? What will it do for our long-term competitiveness? ? Nothing happens in a vacuum. When you’re making a pitch, make sure you have all the decision makers and stakeholders in the room. Then prepare for their questions, like these: Over 50% of technology execs intend to deploy AI before the end of the year. 1 50% Recent research suggests 80% of organizations deploying AI see their projects fail. 2 80% 90% Creating a three-part structure for your opening statement keeps your pitch organized and easy to understand. The one below for a production example could apply for almost any application: Objective: Reduce defects in X product by Y% before they leave the factory. Approach: Deploy AI to scan all key components prior to assembly. Impact: Fulfill quality checks in 70% less time to reduce product recall by 85%. STEP 1 Know Your Stakeholders STEP 2 Frame Your Opening STEP 3 Identify the Risks STEP 4 Spotlight the positive No FOMO The risk of doing nothing is a real concern for business leaders given the pace of digital transformation and its central role in enabling the world economy during the COVID-19 outbreak. The accelerating development and adoption of AI will boost global GDP by 14% 3 70% of companies will adopt at least one type of AI technology. 4 90% of executive enthusiasm for AI is driven by its positive potential 5,6 Focus on Five Impacts This section of your business case should detail your proposition for how AI should be deployed within your organization. Through its work with clients, Accenture believes that there are five characteristics pertaining to key business processes that firms usually want to transform with AI. FLEXIBILITY SPEED SCALE DECISION MAKING PERSONALIZATION STEP 5 Show it’s been done STEP 6 Line up the details Nothing speaks more eloquently to the impact of AI than applications at work today. Choose from these applied AI stories from across industries. Put your stakeholders at ease with these five essential types of facts and figures. Overall approach Present AI as part of a broader digital transformation initiative Commercial models Look to industry analysts for guidance on AI frameworks as your starting point. Technology Involve your IT team at the right point. Data Be sure your data strategy is fully formed before considering AI deployment. Finance Include all assumptions as footnotes in your impact summary to enable iterations. STEP 7 Zero in on your partner Line up the facts that spotlight your AI partner’s strengths. This checklist of five can help ensure the lasting success of your foray into AI. Learn more The AI business case guide | SAS FOOTNOTES 1 CIO survey, 2019: Implications for Product Marketers, Gartner, 2019 2 Big Data and AI Executive Survey, New Vantage Partners, 2019 3 Sizing the Prize: What’s the real value of AI for your business and how can you capitalise?, PwC, 2017 4 Notes from the AI frontier: Modeling the impact of AI on the world economy, McKinsey, September 2018 5 Big Data and AI Executive Survey, New Vantage Partners, 2019 6 Artificial Intelligence Global Executive Study and Research Report, MIT Sloan Management Review and Boston Consulting Group (BCG), 2019 © 2021 SAS Institute Inc. Cary, NC, USA. All rights reserved. G149384US.0221 REPUTATION EXPERIENCE* FLEXIBILITY FINANCIAL RESILIENCE END-TO-END CAPABILITIES * Hint: SAS has over 40 years of experience innovating with analytics and AI. BY 2030

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Transcript of 7 Steps to Get Going With AI - SAS

7 Steps to Get Going With AI

Why do we need to spend all this money

or make this level of change?

What’s the economic benefit?

What’s the risk of not investing?

How does it a�ect our people?

What will it do for our long-term competitiveness?

?Nothing happens in a vacuum. When you’re making a pitch, make sure you have all the decision

makers and stakeholders in the room. Then prepare for their questions, like these:

Over 50% of technology execs intend to deploy AI before the end of the year.1

50%

Recent research suggests 80% of organizations deploying AI see their projects fail.2 80%

90%

Creating a three-part structure for your opening statement keeps your pitch organized and easy to understand. The one below for a production example could apply for almost any application:

Objective: Reduce defects in X product by Y% before they leave the factory.

Approach: Deploy AI to scan all key

components prior to assembly.

Impact: Fulfill quality checks in 70% less time

to reduce product recall by 85%.

STEP 1 Know Your Stakeholders

STEP 2 Frame Your Opening

STEP 3 Identify the Risks

STEP 4 Spotlight the positive

NoFOMO

The risk of doing nothing is a real concern for business leaders given the pace of digital transformation and its central role in enabling the world economy during the COVID-19 outbreak.

The accelerating development and adoption of AI will boost global GDP by 14%

70% of companies will adopt at least one type of AI technology.4

90% of executive enthusiasm for AI is driven by its positive potential5,6

Focus on Five ImpactsThis section of your business case should detail your proposition for how AI

should be deployed within your organization.

Through its work with clients, Accenture believes that there are five characteristics pertainingto key business processes that firms usually want to transform with AI.

FLEXIBILITY SPEED SCALE DECISION MAKING PERSONALIZATION

STEP 5 Show it’s been done

STEP 6 Line up the details

Nothing speaks more eloquently to the impact of AI than applications at work today. Choose from these applied AI stories from across industries.

Put your stakeholders at ease with these five essential types of facts and figures.

Overall approach Present AI as part of

a broader digital transformation initiative

Commercial models Look to industry analysts

for guidance on AI frameworks as

your starting point.

Technology Involve your IT team

at the right point.