Make Artificial Intelligence Work for Your Business Needs - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications
Commentary
9/18/2019
08:30 AM
John Edwards
John Edwards
Commentary
Connect Directly
Twitter
RSS
50%
50%

Make Artificial Intelligence Work for Your Business Needs

AI software is everywhere, yet only a handful of offerings target specific demands. How can enterprises customize generic AI tools to meet their unique needs?

Image: Shutterstock
Image: Shutterstock

Enterprises spanning virtually all industries and markets are jumping onto the artificial intelligence bandwagon. Yet as they climb on board for a ride into the future they soon discover that stock AI tools aren't capable of meeting their exact business needs.

However, organizations don’t need to spend large amounts of time and money building their own AI tools to fix this problem, suggested Kevin McMahon, executive director of mobile and emerging technologies at digital tech consultancy SPR. All they have to do, he noted in an interview, is to customize already existing tools to fit their exact business needs.

Tailored solutions

To be effective, AI software must be tailored to address specific business problems, and this is where generic algorithms often fall short, said Sanjay Srivastava, chief digital officer at professional services firm Genpact. An AI solution that reports adverse events related to drug safety, for instance, is different from one that predicts risk in a lending portfolio. "Both can use the same core AI platform, but they require different datasets, semantic understanding, process knowledge, and associated ontologies," he explained. "It’s all about training the AI the right way to solve a particular business problem."

This can be a challenge, however, for organizations that lack access to a large set of industry-specific data. "Without relevant data or context to fine-tune algorithms, organizations will struggle with, and sometimes fail, when implementing AI solutions," Srivastava observed.

Dokyun Lee
Dokyun Lee

Even if an organization manages to gain access to the necessary data, it will likely face a long and complex development process. "In most cases, unless it is a simple input/output prediction task, it can take many weeks if not months," noted Dokyun Lee, an assistant professor of business analytics at Carnegie Mellon University's Tepper School of Business.

Enterprises beginning their AI journeys often rely on the services of the software provider or an AI development company to provide necessary customization. Some organizations, however, attempt to tackle the work in house, often with mixed results. "Having internal AI capability -– a combination of talent, platforms, tools, knowledge, relationship, and data -– offers the option of doing it internally versus outsourcing," said Monika Wilczak, an advisory managing director in artificial intelligence at business services advisory EY. "The stronger the internal AI capability, and more mature the enterprise is around the application of AI as a strategy for growth, the more likely it is to use their own data scientists and application engineers for customization," she explained.

Monika Wilczak
Monika Wilczak

Still, even enterprises with full-fledged AI development teams can find customization to be an expensive and time-consuming undertaking. "Customization of vendors’ AI products requires data class inclusiveness, controls to avoid data bias, and the availability of a sufficient volume of labeled data," Wilczak said. "There's also still a need to understand the business challenge at a high level of granularity in the context of the existing technology," she noted. Developers also need to pay close attention to business and human elements "to not only build a successful prototype, but to ensure it can be operationalized in adherence with requirements to activate value realization."

Sanjay Srivastava
Sanjay Srivastava

AI customization should be a collaborative process. "While the client needs to delineate their business challenges, they also need a partner that understands the data science component and has domain expertise," Srivastava said. A service provider that has access to a broad base of industry datasets is best positioned to provide an optimal solution, he noted. On the customer side, "bilingual' staffers -- individuals fluent in both data science and industry needs and goals -- are the best people to train and fine tune algorithms to deliver maximum value, he observed.

It's also important to remember that unlike many types of conventional enterprise software, sophisticated AI applications aren't "set it forget it" products. "Supporting deployed AI solutions requires the use of diagnostics as well as data scientist intervention to ensure the performance and stability of machine learning data science models," explained Nate Regimbal, senior manager, innovation and digital transformation, at professional services firm Grant Thornton.

Nate Regimbal
Nate Regimbal

Potential pitfalls

The pitfall that most frequently complicates or derails AI development efforts, CMU's Lee said, is a lack of vendor transparency and auditability. If the algorithms offered by the vendor are black box, hidden or mysterious, there's little a customer can do if operations go awry other than rely on the vendor for support. "This can pose a significant threat and risk," he warned.

Making off-the-shelf AI work for business needs also requires at least a certain degree of experimentation. "AI continues to be an emerging technology," EY's Wilczak noted. "Off-the-shelf AI products offer potential ways to accelerate the development of custom solutions, yet as with any other application of AI they do not guarantee getting to an acceptable outcome."

For more on how artificial intelligence might be used in different types of companies check out these articles.

Enterprises, Small Business, Lead Machine Learning Activity

Four Ways AI Can Augment Human Capabilities

Banks Ramp Up Machine Learning, Work Through Data Challenges

 

John Edwards is a veteran business technology journalist. His work has appeared in The New York Times, The Washington Post, and numerous business and technology publications, including Computerworld, CFO Magazine, IBM Data Management Magazine, RFID Journal, and Electronic ... View Full Bio
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Enterprise Guide to Edge Computing
Cathleen Gagne, Managing Editor, InformationWeek,  10/15/2019
News
Rethinking IT: Tech Investments that Drive Business Growth
Jessica Davis, Senior Editor, Enterprise Apps,  10/3/2019
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
Slideshows
Flash Poll