1.WHAT ARE THE 3 MAJOR REQUIREMENTS FOR ACCELERATING AI GROWTH?
> Standardization of AI
Enable orderly, rapid and cost-effective development and deployment.
> AI cost management
Focus and free up capital for continuous innovation and value creation.
> AI governance
Ensure accountability, measurability and transparency
2.WHY AI’S COST MANAGEMENT IS UNIQUE?
In AI, looking at development costs in terms of total cost of ownership avoids the common mistake of looking only at raw costs. As this analysis shows, the benefits of faster arrival, less wear and tear, and fewer opportunities for detours, accidents, congestion, or wrong turns make it a smarter choice for our road trips. The same is true for optimized AI processing.
3.HOW COME IT IS IMPORTANT THE WORD “AI GOVERNANCE”?
The term AI governance has recently taken on many meanings, from ethics to explainability. Here, it refers to the ability to measure cost, value, auditability, and compliance with regulatory standards, especially as it relates to data and customer information. As AI becomes more prevalent, the ability for organizations to achieve ongoing accountability in a simple and transparent manner is more important than ever.