From the course: AI Strategy Foundations for Data Scientists and Team Leaders
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Why the business strategy matters
From the course: AI Strategy Foundations for Data Scientists and Team Leaders
Why the business strategy matters
Exceptional team leaders start with the business model then think about how AI is an extension of it. As a partner in AI strategy, you must think about business strategy. The business model defines how a company creates, delivers, and captures value. How you capture value is key to business strategy. Start with the company's business model. It's the foundation for your AI work. The business model defines the value behind AI. The business strategy defines how we leverage AI. Find the tie between both. Think about the business model and how it ties to AI strategy. What is our value proposition? What is the revenue model? Who are our customers? What are the processes for value creation? As a team leader, these are critical to building AI projects and products with impact. Broaden your view from building technical AI solutions to value first. Think about what stakeholders and the business are incentivized on. You must align and build with a business model in mind. Knowing the business…
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