Major advances in Artificial Intelligence (AI) technology are happening rapidly, and many organizations are excited about the possibilities AI presents. However, some successful companies fail in their innovation efforts to create new value by leveraging disruptive technologies. Others haven’t yet embarked on this innovation journey because they lack use cases. My advice: First define the strategy you’ll use to create value through AI. And Facebook is good role model when it comes to AI strategy.
Your strategy for value creation needs to include how to maximize and expedite the development process. This is the foundational core of Facebook’s strategy. I recently attended a dinner focused on AI at the United Nations. Hosted by UNOPS, attendees included distinguished academics, software companies, government entities and AI leaders in companies successfully using AI.
