Clean, complete, relevant data is the key to successful AI outcomes.
The type of data needed will vary depending on the AI project at hand, but it’s important for companies to think through their own data collection. It is crucial today that data is collected with consent (ideally in real time) and that it is comprehensive (covers a wide range of scenarios, conditions, and examples to avoid bias and ensure robustness). Each AI initiative should start with a clear definition of objectives, then teams can map out the relevant types of data to be collected, prepared, and used for modeling.
To ensure your organization can deliver on AI initiatives, it is imperative to have a proactive data strategy. It ensures data is accessible by all teams and recognized as a valuable asset. A thoughtful data strategy will enable AI initiatives, but in parallel ensures data is clean, complete, relevant, and comprehensive. Trusted data, specifically customer data, is the life blood of a company and AI is a great reason to build out a data strategy, if your team hasn’t done so already.